ELF Beauty Inc (ELF)

Days of inventory on hand (DOH)

		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
Inventory turnover		4.67	3.73	4.37	5.87	6.38	5.44	5.02	5.48	4.38	3.13	3.39	4.52	3.91	3.24	3.21	3.69	4.01	5.60	5.29	5.26
DOH	days	78.13	97.77	83.49	62.21	57.19	67.08	72.72	66.60	83.28	116.59	107.77	80.82	93.45	112.78	113.72	98.97	91.01	65.12	69.01	69.46

March 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.67
= 78.13

The days of inventory on hand (DOH) for ELF Beauty Inc has shown fluctuations over the past few quarters. The company's DOH ranged from a low of 57.19 days to a high of 116.59 days.

In recent quarters, the DOH has been somewhat volatile, with fluctuations seen between 62.21 days and 97.77 days. This suggests some variability in the management of inventory levels.

Overall, the average DOH over the period analyzed was approximately 83.01 days, indicating that on average, the company holds inventory for about 83 days before it is sold. This level of inventory holding could impact the company's working capital and overall liquidity position.

It would be beneficial for ELF Beauty Inc to closely monitor and potentially optimize its inventory management practices to ensure efficient use of resources and maintain a healthy balance between inventory levels and sales demand.