ELF Beauty Inc (ELF)

Payables 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
Payables	US$ in thousands	—	81,075	31,427	19,227	15,699
Payables turnover		—	3.70	6.00	7.30	7.13

March 31, 2025 calculation

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

The payables turnover ratio for ELF Beauty Inc has fluctuated over the years.

- In March 2021, the payables turnover was 7.13, indicating that the company paid its suppliers approximately 7.13 times during that year.
- This ratio slightly increased to 7.30 by March 2022, suggesting a slightly more efficient management of payables.
- However, by March 2023, the payables turnover decreased to 6.00, potentially indicating a longer period within which the company paid its suppliers.
- The trend worsened significantly by March 2024, with a payables turnover of 3.70, signifying a further delay in paying suppliers.
- Unfortunately, the data is unavailable for March 31, 2025, making it challenging to assess the more recent state of payables turnover.

Overall, the company has seen fluctuations in its payables turnover, which may reflect changes in its payment practices and relationships with suppliers. It would be important for ELF Beauty Inc to closely monitor and manage its payables turnover to ensure an optimal balance between timely payments and maintaining good supplier relationships.