ELF Beauty Inc (ELF)

Total asset 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
Total assets	US$ in thousands	—	1,264,830	1,237,020	1,204,830	1,129,250	1,108,280	746,936	657,881	595,601	555,925	542,141	513,857	494,632	490,950	493,012	498,392	487,393	480,905	473,424	462,068
Total asset turnover		—	1.03	0.98	0.94	0.91	0.80	1.03	1.02	0.97	0.89	0.83	0.81	0.79	0.77	0.75	0.70	0.65	0.62	0.62	0.62

March 31, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $980,872K ÷ $—K
= —

ELF Beauty Inc's total asset turnover has shown a positive trend over the past few years. The ratio increased from 0.62 as of June 30, 2020, to 1.03 as of September 30, 2024, indicating that the company is generating more revenue relative to its total assets.

The ratio peaked at 1.03 as of September 30, 2024, which suggests that ELF Beauty Inc has been effectively utilizing its assets to generate sales. This could be attributed to efficient asset management or improved revenue generation strategies.

However, it is worth noting that there was a slight dip in the total asset turnover ratio from September 30, 2024, to December 31, 2024, dropping to 1.03 before reverting back to the same level by March 31, 2025.

Overall, the increasing trend in total asset turnover indicates that ELF Beauty Inc has been improving its efficiency in generating sales relative to its asset base, which can be a positive sign for investors and stakeholders.