ELF Beauty Inc (ELF)

Receivables turnover

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	US$ in thousands	1,016,910	576,650	389,406	314,020	276,544
Receivables	US$ in thousands	123,797	67,928	45,567	40,185	29,721
Receivables turnover		8.21	8.49	8.55	7.81	9.30

March 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $1,016,910K ÷ $123,797K
= 8.21

Based on the data provided, ELF Beauty Inc's receivables turnover ratio has shown some variability over the past five years. The company's receivables turnover ratio decreased from 9.30 in 2020 to 8.21 in 2024, indicating a potential decrease in the efficiency of collecting receivables. However, it is worth noting that the ratio remained relatively stable within a range of 7.81 to 8.55 from 2021 to 2023.

A higher receivables turnover ratio generally suggests that the company is able to collect its accounts receivable more quickly, which is a positive sign of efficiency in managing credit sales. On the other hand, a declining ratio may indicate potential issues with the collection of outstanding customer balances.

Overall, ELF Beauty Inc's receivables turnover ratio has fluctuated over the years, and further analysis would be needed to determine the underlying reasons for these changes and whether any actions need to be taken to improve the company's receivables management efficiency.