ELF Beauty Inc (ELF)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	724,096	626,020	532,788	459,983	390,396	328,770	294,386	272,811	251,732	242,832	235,610	224,763	206,198	195,662	191,063	187,273	181,123	173,550	167,949	163,570
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
Gross profit margin		70.65%	70.25%	69.55%	68.50%	67.69%	66.48%	65.98%	65.60%	64.56%	64.33%	64.09%	64.62%	65.48%	65.90%	66.25%	66.19%	65.17%	64.88%	62.93%	50.05%

March 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $724,096K ÷ $1,024,893K
= 70.65%

The gross profit margin of ELF Beauty Inc has shown a generally positive trend over the past few quarters, demonstrating strong profitability in its operations. The gross profit margin has consistently increased from 50.05% in December 2019 to 70.65% in March 2024. This indicates that the company has been effectively managing its cost of goods sold and generating more revenue from its products.

The company has been able to maintain a high level of gross profit margin above 60% since September 2021, showing its ability to efficiently produce and sell its products with a healthy markup. The increasing trend in the gross profit margin suggests that ELF Beauty Inc is effectively controlling its production costs, improving operational efficiency, and potentially enhancing its pricing strategy.

Overall, the sustained improvement in the gross profit margin reflects positively on ELF Beauty Inc's financial performance and management of its core operational activities.