ELF Beauty Inc (ELF)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	282,225	376,166	353,137	329,263	299,836	264,126	232,952	212,599	188,448	167,852	153,817	144,898	140,423	136,859	134,525	125,867	111,912	104,489	101,286	100,341
Inventory	US$ in thousands	—	214,786	238,798	199,563	191,489	204,504	147,228	98,053	81,323	81,250	81,288	70,339	84,498	85,248	76,816	54,528	56,810	68,567	64,486	52,752
Inventory turnover		—	1.75	1.48	1.65	1.57	1.29	1.58	2.17	2.32	2.07	1.89	2.06	1.66	1.61	1.75	2.31	1.97	1.52	1.57	1.90

March 31, 2025 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $282,225K ÷ $—K
= —

The inventory turnover for ELF Beauty Inc has fluctuated over the past few years, indicating varying efficiency in managing its inventory. In June 2020, the inventory turnover was 1.90, which means the company sold and replaced its inventory 1.90 times during that period. The turnover decreased to 1.57 by September 2020, indicating a slower rate of inventory turnover.

Throughout the subsequent quarters, the inventory turnover continued to fluctuate, reaching a low of 1.29 by December 2023. This suggests that ELF Beauty Inc may have faced challenges in efficiently managing its inventory during that period.

However, the inventory turnover saw improvement in the following quarters, reaching a high of 2.32 by March 2023. This signifies that the company was able to sell and replace its inventory at a faster pace during that time.

As of the most recent data point available, March 31, 2025, the inventory turnover is not provided. Overall, ELF Beauty Inc's inventory turnover has shown fluctuations, and the company may benefit from implementing strategies to improve inventory management efficiency to support its operational performance.