ELF Beauty Inc (ELF)

Days of inventory on hand (DOH)

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Inventory turnover		—	1.57	2.32	1.66	1.97
DOH	days	—	233.11	157.51	219.63	185.29

March 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The days of inventory on hand (DOH) is a key efficiency ratio that measures how long a company holds inventory before selling it. For ELF Beauty Inc, the trend in DOH over the years indicates their inventory management performance.

- As of March 31, 2021, ELF Beauty Inc had 185.29 days of inventory on hand, which suggests the company was holding inventory for a significant period before selling it.
- By March 31, 2022, the DOH increased to 219.63 days, indicating a deterioration in inventory turnover efficiency from the previous year.
- The company made improvements by March 31, 2023, bringing down the DOH to 157.51 days, indicating better inventory management practices.
- However, by March 31, 2024, the DOH increased significantly to 233.11 days, reflecting a potential slowdown in inventory turnover and possibly tying up capital in excess inventory.
- The data for March 31, 2025, is not available, possibly indicating that the company is yet to report its financial information for that period.

ELF Beauty Inc should continually monitor and optimize its inventory management practices to ensure efficient use of resources and maintain a healthy balance between inventory levels and sales demand. fluctuations in DOH may impact cash flow and profitability.