ELF Beauty Inc (ELF)

Pretax margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	140,990	64,074	25,431	3,690	24,069
Revenue	US$ in thousands	1,016,910	576,650	389,406	314,020	276,544
Pretax margin		13.86%	11.11%	6.53%	1.18%	8.70%

March 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $140,990K ÷ $1,016,910K
= 13.86%

ELF Beauty Inc's pretax margin has shown a positive trend over the past five years, indicating an improvement in the company's ability to generate profits before tax relative to its revenue. The pretax margin increased from 8.70% in 2020 to 13.86% in 2024, reaching its highest point during this period. This upward trend suggests better cost management, higher operational efficiency, or improved revenue generation strategies. The company's ability to maintain and increase its pretax margin demonstrates its favorable financial performance and potential for sustainable profitability.