Prestige Brand Holdings Inc (PBH)

Return on total capital

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	332,317	329,752	324,293	331,914	343,074	-19,625	-23,325	-34,689	-35,143	313,445	309,923	302,214	307,384	293,938	288,453	288,864	281,061	296,330	299,291	295,736
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	1,834,900	1,788,430	1,731,760	1,680,770	1,655,080	1,600,580	1,535,960	1,480,300	1,447,080	1,686,860	1,619,840	1,584,740	1,577,610	1,518,320	1,461,650	1,416,250	1,358,300	1,323,220	1,278,220	1,227,010
Return on total capital		18.11%	18.44%	18.73%	19.75%	20.73%	-1.23%	-1.52%	-2.34%	-2.43%	18.58%	19.13%	19.07%	19.48%	19.36%	19.73%	20.40%	20.69%	22.39%	23.41%	24.10%

March 31, 2025 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $332,317K ÷ ($—K + $1,834,900K)
= 18.11%

Based on the data provided, Prestige Brand Holdings Inc's return on total capital has exhibited some fluctuations over the specified periods. The return on total capital ranged from 24.10% in June 30, 2020, to -2.43% in March 31, 2023, before recovering to 20.73% in the subsequent quarter.

The trend shows a general decline in the return on total capital from the earlier periods to the mid-2023, possibly indicating challenges or inefficiencies in capital utilization during this time frame. However, there was a notable recovery in the return on total capital thereafter, maintaining levels above 18% through March 31, 2025.

It would be advisable for stakeholders to further investigate the factors influencing these fluctuations to ensure sustainable performance in the company's capital efficiency in the future.