ELF Beauty Inc (ELF)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	1,024,893	891,107	766,065	671,498	576,756	494,534	446,184	415,879	389,935	377,471	367,630	347,817	314,882	296,923	288,416	282,943	277,931	267,511	266,882	326,787
Receivables	US$ in thousands	123,797	121,061	86,683	90,531	67,928	66,237	53,912	52,281	45,567	47,180	44,374	43,127	40,185	44,555	33,844	29,825	29,721	35,082	27,715	22,623
Receivables turnover		8.28	7.36	8.84	7.42	8.49	7.47	8.28	7.95	8.56	8.00	8.28	8.06	7.84	6.66	8.52	9.49	9.35	7.63	9.63	14.44

March 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,024,893K ÷ $123,797K
= 8.28

The receivables turnover of ELF Beauty Inc has been fluctuating over the past several quarters. The company's ability to collect its accounts receivable efficiently can be analyzed through the receivables turnover ratio. A higher turnover ratio generally indicates more efficient management of credit sales and collection of receivables.

ELF Beauty Inc's receivables turnover ratio ranged from 6.66 to 14.44 over the last eight quarters. The ratio peaked at 14.44 in the third quarter of 2019 but has since fluctuated around the 7 to 9 range. In the most recent quarter, the receivables turnover was 8.28, suggesting that the company collected its receivables approximately 8.28 times during the period.

Overall, ELF Beauty Inc's receivables turnover ratio indicates that the company has been managing its accounts receivable efficiently, with some fluctuations in recent periods. Investors and analysts may want to monitor this ratio to assess the company's ability to collect outstanding receivables in a timely manner.