ELF Beauty Inc (ELF)

Operating 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
Operating income (ttm)	US$ in thousands	149,678	140,693	132,148	107,346	68,143	62,284	47,964	40,029	29,770	25,716	23,036	17,562	9,400	12,308	18,897	26,031	29,950	9,901	10,042	7,253
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
Operating profit margin		14.60%	15.79%	17.25%	15.99%	11.81%	12.59%	10.75%	9.63%	7.63%	6.81%	6.27%	5.05%	2.99%	4.15%	6.55%	9.20%	10.78%	3.70%	3.76%	2.22%

March 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $149,678K ÷ $1,024,893K
= 14.60%

The operating profit margin of ELF Beauty Inc has shown fluctuating trends over the past few quarters. The company's operating profit margin ranged from a low of 2.22% in June 2019 to a high of 17.25% in September 2023.

Overall, the operating profit margin has generally improved from the end of 2019 through the third quarter of 2023 before a slight decline in the most recent quarter. The company experienced a significant increase in operating profit margin from 2.99% in March 2021 to 17.25% in September 2023, indicating improved operational efficiency and cost management during this period.

However, there was a slight decrease in operating profit margin from December 2023 to March 2024, dropping from 15.79% to 14.60%. This could suggest potential challenges or increased costs impacting profitability in the most recent quarter.

ELF Beauty Inc should continue to monitor and analyze the factors influencing its operating profit margin to sustain and improve profitability levels in the future.