ELF Beauty Inc (ELF)

Total asset 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
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	453,104
Total asset turnover		1.03	0.98	0.94	0.91	0.80	1.03	1.02	0.97	0.89	0.82	0.81	0.79	0.77	0.75	0.70	0.65	0.62	0.61	0.61	0.61

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,302,015K ÷ $1,264,830K
= 1.03

The total asset turnover of ELF Beauty Inc has shown a general increasing trend over the period between March 31, 2020, and December 31, 2024. The ratio started at 0.61 in March 2020 and subsequently increased to 1.03 by September 30, 2023. There was a slight drop to 0.80 by December 31, 2023, followed by a recovery to 1.03 by June 30, 2024, and maintained at that level until December 31, 2024.

This improvement in total asset turnover indicates that ELF Beauty Inc has become more efficient in utilizing its total assets to generate revenue over time. A higher total asset turnover generally suggests that the company is generating more sales relative to its total assets, which can be seen as a positive sign of operational efficiency and effectiveness.

Although there was a slight decline in the ratio in some quarters, the overall trend suggests that ELF Beauty Inc has been able to effectively manage and utilize its assets to drive revenue growth. Maintaining a total asset turnover ratio above 1 indicates that the company is turning over its assets more than once per year, which can help maximize profitability and shareholder value.