ELF Beauty Inc (ELF)

Receivables 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
Revenue (ttm)	US$ in thousands	1,302,015	1,217,635	1,132,690	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
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	29,721
Receivables turnover		6.94	8.31	7.27	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

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,302,015K ÷ $187,744K
= 6.94

The receivables turnover ratio for ELF Beauty Inc has fluctuated over the years, indicating varying levels of efficiency in collecting outstanding receivables from customers.

From March 31, 2020, to December 31, 2024, the receivables turnover ratio ranged from a high of 9.49 in June 30, 2020, to a low of 6.66 in December 31, 2020. This signifies that, on average, the company converted its accounts receivable into cash 6.66 times during the year.

The overall trend shows a general improvement in receivables turnover from December 31, 2020, onwards, with some fluctuations. The ratio increased to its peak at 9.35 during March 31, 2020, but experienced a slight decline in the following periods.

In conclusion, ELF Beauty Inc should continue to monitor and manage its receivables turnover ratio effectively to ensure a steady and efficient collection process, which is crucial for maintaining healthy cash flows and overall financial health.