ELF Beauty Inc (ELF)

Payables turnover

		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	Mar 31, 2020
Cost of revenue (ttm)	US$ in thousands	1,192,474	1,113,146	1,013,122	894,584	763,468	643,612	575,256	519,001	442,122	408,023	385,464	370,337	266,889	260,156	246,267	221,884	221,910	206,971	194,555	185,325
Payables	US$ in thousands	65,293	93,617	79,989	81,075	72,917	63,736	53,237	31,427	32,049	19,279	16,023	19,227	22,756	19,299	17,113	15,699	20,108	20,544	21,484	12,390
Payables turnover		18.26	11.89	12.67	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

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,192,474K ÷ $65,293K
= 18.26

The payables turnover ratio measures how efficiently a company is managing its accounts payable by calculating how many times during a period the company pays off its suppliers. A higher payables turnover ratio indicates that the company is able to settle its obligations to suppliers more quickly.

Analyzing the payables turnover data of ELF Beauty Inc from March 31, 2020, to December 31, 2024, we observe fluctuations in the ratio over time. The payables turnover ratio ranged from a low of 9.06 on June 30, 2020, to a high of 24.06 on June 30, 2022.

The ratio increased significantly from June 30, 2022, to September 30, 2022, indicating a more efficient management of payables during that period. However, there was a notable decline in the ratio from September 30, 2022, to December 31, 2022.

ELF Beauty Inc experienced fluctuations in its payables turnover ratio during the periods under review, with the ratio generally showing an upward trend from March 31, 2020, to June 30, 2022. Subsequently, there were some fluctuations in the ratio until December 31, 2024.

Further analysis of the payables turnover ratio along with other financial metrics could provide a more comprehensive understanding of ELF Beauty Inc's financial performance and management of its accounts payable.