ELF Beauty Inc (ELF)

Operating return on assets (Operating ROA)

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating income	US$ in thousands	—	149,678	68,143	29,770	9,400
Total assets	US$ in thousands	—	1,129,250	595,601	494,632	487,393
Operating ROA		—	13.25%	11.44%	6.02%	1.93%

March 31, 2025 calculation

Operating ROA = Operating income ÷ Total assets
= $—K ÷ $—K
= —

Based on the data provided for ELF Beauty Inc's operating return on assets (Operating ROA), we observe a positive trend in performance over the years.

- In March 31, 2021, the operating ROA was 1.93%, indicating that for every dollar of assets the company had, it generated a return of 1.93 cents from its operations.
- By March 31, 2022, the operating ROA improved significantly to 6.02%, suggesting an enhancement in the company's operational efficiency and profitability.
- The trend continued to improve as of March 31, 2023, with the operating ROA reaching 11.44%. This indicates a substantial increase in the company's ability to generate earnings from its assets.
- Further improvement was seen by March 31, 2024, with the operating ROA reaching 13.25%, indicating a continued focus on maximizing returns from the assets employed.
- However, it is important to note that the data is not available for March 31, 2025, which limits the ability to provide a complete analysis for that period.

Overall, the increasing trend in ELF Beauty Inc's operating return on assets reflects the company's efficiency in utilizing its assets to generate profits, indicating positive financial performance and effective management of resources.