ELF Beauty Inc (ELF)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	140,990	138,068	131,034	104,623	64,074	56,988	41,861	34,731	25,431	21,474	17,978	11,983	3,690	5,951	12,177	20,018	24,069	3,419	3,121	-152
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
Pretax margin		13.76%	15.49%	17.10%	15.58%	11.11%	11.52%	9.38%	8.35%	6.52%	5.69%	4.89%	3.45%	1.17%	2.00%	4.22%	7.07%	8.66%	1.28%	1.17%	-0.05%

March 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $140,990K ÷ $1,024,893K
= 13.76%

ELF Beauty Inc's pretax margin has demonstrated fluctuations over the past few quarters. The pretax margin, which represents the percentage of each dollar of revenue that translates into earnings before taxes, has shown a generally upward trend from the negative territory in the second half of 2020 to 13.76% in March 2024.

The company's pretax margin peaked at 17.10% in September 2023 before experiencing a slight decline in the subsequent quarter. Despite the fluctuations, the pretax margin has generally been showing improvement, signifying the company's ability to control costs and generate more profit from its operations.

It is important for investors and stakeholders to monitor this metric closely to assess the company's efficiency in managing its expenses and generating profits. Additionally, understanding the factors driving the changes in the pretax margin will be crucial for evaluating ELF Beauty Inc's financial performance and future prospects.