Prestige Brand Holdings Inc (PBH)

Return on assets (ROA)

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Net income (ttm)	US$ in thousands	209,339	-80,671	-81,766	-84,302	-82,306	210,332	208,596	202,898	205,381	188,809	179,467	178,731	164,682	166,214	163,399	152,062	142,281	-34,039	-33,930	-36,341
Total assets	US$ in thousands	3,318,420	3,339,750	3,332,870	3,345,580	3,353,730	3,749,770	3,678,510	3,682,230	3,670,680	3,659,410	3,675,820	3,559,110	3,429,270	3,468,770	3,434,310	3,450,150	3,513,900	3,464,200	3,464,760	3,460,710
ROA		6.31%	-2.42%	-2.45%	-2.52%	-2.45%	5.61%	5.67%	5.51%	5.60%	5.16%	4.88%	5.02%	4.80%	4.79%	4.76%	4.41%	4.05%	-0.98%	-0.98%	-1.05%

March 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $209,339K ÷ $3,318,420K
= 6.31%

The return on assets (ROA) of Prestige Brand Holdings Inc has varied over the past several quarters. In the most recent quarter ending March 31, 2024, the ROA was 6.31%, indicating a healthy return generated from the company's assets. This is a positive sign for the company's efficiency in generating profits relative to its total assets.

However, in the previous quarter (December 31, 2023) and several quarters prior, the ROA was negative, ranging from -2.42% to -2.52%. A negative ROA suggests that the company's assets are not generating sufficient profits, potentially indicating inefficiencies in asset utilization or financial challenges.

Prior to the recent positive ROA in March 2024, the company had experienced a series of positive ROA figures in the range of 4.05% to 5.67%. This suggests that the company was able to generate profits efficiently from its assets during that period.

Overall, analyzing the trend of ROA for Prestige Brand Holdings Inc indicates that the company has experienced fluctuations in asset efficiency and profitability over the quarters, with both positive and negative ROA figures observed. Further analysis of the company's financial performance and operational strategies would be necessary to understand the underlying reasons for these fluctuations and to assess the company's overall financial health.