ELF Beauty Inc (ELF)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	980,872	1,302,015	1,217,638	1,132,070	1,023,932	890,146	765,740	672,582	578,844	496,622	448,203	417,709	392,155	379,691	370,135	350,630	318,110	300,151	292,349	287,614
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	24,928	7,581	7,874	8,726	8,934	9,339	10,577	12,231	13,945	15,561	37,561	38,710	39,417	31,687
Fixed asset turnover		—	—	—	—	—	—	30.72	88.72	73.51	56.91	50.17	44.73	37.08	31.04	26.54	22.53	8.47	7.75	7.42	9.08

March 31, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $980,872K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its investment in fixed assets. ELF Beauty Inc's fixed asset turnover has shown a steady increase over the past few quarters, indicating an improvement in the efficiency of its fixed asset utilization.

From June 30, 2020, to September 30, 2022, the fixed asset turnover ratio increased consistently from 9.08 to 50.17, peaking at 88.72 by June 30, 2023. This significant increase suggests that ELF Beauty Inc has been able to generate a higher level of sales relative to its investment in fixed assets.

However, there was a sharp decline in the fixed asset turnover ratio in subsequent quarters, dropping to 30.72 by September 30, 2023. The following quarters, December 31, 2023, and onwards, show the ratio as not available.

This fluctuation in the fixed asset turnover ratio may indicate changes in the company's operational efficiency or investment decisions regarding fixed assets. Further analysis would be needed to determine the specific factors driving these fluctuations in the ratio.