ELF Beauty Inc (ELF)

Inventory turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cost of revenue	US$ in thousands	—	299,836	188,448	140,423	111,912
Inventory	US$ in thousands	—	191,489	81,323	84,498	56,810
Inventory turnover		—	1.57	2.32	1.66	1.97

March 31, 2025 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $—K ÷ $—K
= —

The inventory turnover ratio for ELF Beauty Inc demonstrates the efficiency with which the company manages its inventory levels to generate sales. The trend over the past five years shows some fluctuations in the inventory turnover ratio.

In March 2021, the inventory turnover ratio was 1.97, indicating that ELF Beauty Inc converted its inventory into sales nearly two times during the year. By March 2022, the ratio decreased to 1.66, suggesting a slight decrease in the efficiency of inventory management.

There was a notable improvement in March 2023, with the inventory turnover ratio rising to 2.32, indicating that the company was able to sell and replenish its inventory at a faster rate. However, by March 2024, the ratio dropped to 1.57, displaying a decline in inventory turnover efficiency.

Unfortunately, the inventory turnover ratio for March 2025 is unavailable ("-"), making it challenging to assess the latest trend in inventory management for ELF Beauty Inc.

Overall, fluctuations in the inventory turnover ratio of ELF Beauty Inc highlight the importance of continuously monitoring and improving inventory management practices to optimize sales and profitability.