ELF Beauty Inc (ELF)

Fixed asset turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	US$ in thousands	—	1,023,930	578,844	392,155	318,110
Property, plant and equipment	US$ in thousands	—	—	7,874	10,577	37,561
Fixed asset turnover		—	—	73.51	37.08	8.47

March 31, 2025 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $—K ÷ $—K
= —

The fixed asset turnover ratio measures a company's ability to generate revenue from its fixed assets. ELF Beauty Inc's fixed asset turnover has shown a significant increase over the years, reflecting improved efficiency in utilizing its fixed assets to generate sales.

In March 2021, the fixed asset turnover was 8.47, indicating that ELF Beauty Inc generated $8.47 in revenue for every dollar invested in fixed assets. This ratio experienced a substantial jump to 37.08 by March 2022, demonstrating a sharp increase in revenue generation efficiency.

By March 2023, the fixed asset turnover ratio surged to 73.51, signaling a remarkable improvement in utilizing fixed assets to drive sales. The data for March 31, 2024, and March 31, 2025, is not available, which may suggest a data gap or changes in reporting practices.

Overall, ELF Beauty Inc's escalating fixed asset turnover ratios indicate enhanced operational efficiency and effective management of fixed assets to drive revenue growth. This trend underscores the company's optimal utilization of its fixed assets to support its business operations and achieve higher sales turnover.