ELF Beauty Inc (ELF)

Receivables turnover

		Mar 31, 2025	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
Revenue (ttm)	US$ in thousands	980,872	1,302,015	1,217,638	1,132,070	1,023,932	890,146	765,740	672,582	578,844	496,622	448,203	417,709	392,155	379,691	370,135	350,630	318,110	300,151	292,349	287,614
Receivables	US$ in thousands	—	187,744	146,559	155,701	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
Receivables turnover		—	6.94	8.31	7.27	8.27	7.35	8.83	7.43	8.52	7.50	8.31	7.99	8.61	8.05	8.34	8.13	7.92	6.74	8.64	9.64

March 31, 2025 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $980,872K ÷ $—K
= —

The receivables turnover ratio of ELF Beauty Inc fluctuated over the past few years. Starting from June 30, 2020, the ratio stood at 9.64, indicating that the company collected its accounts receivable approximately 9.64 times during that fiscal year. Subsequently, the ratio decreased to 6.74 by December 31, 2020, before showing an upward trend, peaking at 8.83 by September 30, 2023. The most recent available data shows a receivables turnover ratio of 7.35 as of December 31, 2023.

A higher receivables turnover ratio generally indicates that the company is efficient in collecting its outstanding receivables, whereas a lower ratio may suggest issues with collections or extending credit to customers. ELF Beauty Inc's ratio has shown some variability, which could be due to changes in customer payment behavior, the company's credit policies, or overall industry trends.

It is important for the company to closely monitor its receivables turnover ratio to ensure that it remains at an optimal level, balancing efficient collections with maintaining good customer relationships. Analyzing trends in the ratio over time can provide insights into the company's liquidity, credit management practices, and overall financial health.