ELF Beauty Inc (ELF)

Fixed asset turnover

		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	Mar 31, 2020
Revenue (ttm)	US$ in thousands	1,302,015	1,217,635	1,132,690	1,024,893	891,107	766,065	671,498	576,756	494,534	446,184	415,879	389,935	377,471	367,630	347,817	314,882	296,923	288,416	282,943	277,931
Property, plant and equipment	US$ in thousands	19,878	15,563	14,040	13,974	12,805	7,624	7,581	7,874	8,726	8,934	9,339	10,577	12,231	13,945	15,561	13,770	16,790	16,270	16,146	17,171
Fixed asset turnover		65.50	78.24	80.68	73.34	69.59	100.48	88.58	73.25	56.67	49.94	44.53	36.87	30.86	26.36	22.35	22.87	17.68	17.73	17.52	16.19

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,302,015K ÷ $19,878K
= 65.50

ELF Beauty Inc's fixed asset turnover ratio has been showing a strong upward trend over the period from March 31, 2020, to December 31, 2024. The ratio started at 16.19 on March 31, 2020, and increased gradually reaching a peak of 100.48 on September 30, 2023, indicating that the company was generating $100.48 in revenue for each dollar invested in fixed assets.

Following the peak, there was a significant decrease observed, with the fixed asset turnover dropping to 69.59 by December 31, 2023. This decline continued into the following periods, with the ratio hovering in the range of 65.50 to 88.58 from March 31, 2024, to June 30, 2024. This might suggest potential inefficiencies in asset utilization or changes in the company's business operations during this period.

Overall, the fluctuation in ELF Beauty Inc's fixed asset turnover ratio indicates variations in how efficiently the company is utilizing its fixed assets to generate sales revenues. Further analysis would be needed to understand the reasons behind the fluctuations and assess the impact on the company's financial performance and operational efficiency.