Prestige Brand Holdings Inc (PBH)

Return on equity (ROE)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income	US$ in thousands	209,339	-82,306	205,381	164,682	142,281
Total stockholders’ equity	US$ in thousands	1,655,080	1,447,080	1,577,610	1,358,300	1,170,970
ROE		12.65%	-5.69%	13.02%	12.12%	12.15%

March 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $209,339K ÷ $1,655,080K
= 12.65%

Prestige Brand Holdings Inc's return on equity (ROE) has displayed changing trends over the last five years. In fiscal year 2024, the company's ROE stood at 12.65%, exhibiting an improvement compared to the previous year where the ROE was -5.69%, indicating a recovery from a negative position.

Looking further back, in fiscal 2022, Prestige Brand Holdings Inc achieved an ROE of 13.02%, showing a slight increase from the previous year's 12.12%. The consistency in ROE performance between fiscal 2022 and 2021 suggests stability in the company's ability to generate profit relative to shareholders' equity during those years.

Further inspection reveals that in fiscal 2020, the company also achieved a ROE of 12.15%, comparable to the ROE seen in the recent fiscal year but slightly lower. This indicates that Prestige Brand Holdings Inc has generally maintained a relatively strong ROE level in recent years, with fluctuations occurring but within a relatively stable range.

Overall, Prestige Brand Holdings Inc's ROE performance has demonstrated variability over the analyzed period, with notable improvements in the latest fiscal year contributing to a positive trend. The company's ability to generate shareholder value relative to equity has shown resilience and potential for growth, although continuous monitoring and analysis will be essential to assess the sustainability of this improvement.