ELF Beauty Inc (ELF)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Payables turnover		11.03	10.47	10.10	10.81	16.51	13.80	21.16	24.06	19.26	11.73	13.48	14.39	14.13	11.04	10.07	9.06	14.96	13.84	18.16	15.79
Number of days of payables	days	33.08	34.86	36.15	33.78	22.10	26.46	17.25	15.17	18.95	31.12	27.08	25.36	25.82	33.07	36.23	40.31	24.40	26.37	20.10	23.12

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.03
= 33.08

ELF Beauty Inc's number of days of payables has exhibited fluctuating trends over the past few quarters. The company's payables turnover period has ranged from as low as 15.17 days to as high as 40.31 days, indicating variations in the time taken by the company to pay its suppliers.

In the most recent quarter, as of March 31, 2024, ELF Beauty Inc had a number of days of payables at 33.08 days, slightly higher than the previous quarter but within a relatively stable range. The increase from the prior quarter could suggest a possible delay in settling accounts payable, which may impact the company's liquidity and cash flow management.

It would be important for stakeholders to monitor ELF Beauty Inc's payables turnover closely to ensure efficient working capital management and vendor relationships. Additionally, analyzing the reasons behind the fluctuations in the number of days of payables could provide insights into the company's financial health and operational efficiency.