ELF Beauty Inc (ELF)

Return on assets (ROA)

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net income	US$ in thousands	112,089	127,663	61,530	21,770	6,232
Total assets	US$ in thousands	—	1,129,250	595,601	494,632	487,393
ROA		—	11.31%	10.33%	4.40%	1.28%

March 31, 2025 calculation

ROA = Net income ÷ Total assets
= $112,089K ÷ $—K
= —

The return on assets (ROA) of ELF Beauty Inc has shown a positive trend over the years, starting at 1.28% as of March 31, 2021, and increasing steadily to 4.40% by March 31, 2022. This upward trajectory continued with considerable growth, reaching 10.33% by March 31, 2023, and a further improvement to 11.31% by March 31, 2024. The ROA for March 31, 2025 is not available, represented as "—".

This progressive increase in ROA indicates that ELF Beauty Inc has been utilizing its assets more effectively to generate profits over the years, reflecting improved operational efficiency and profitability. The significant rise in ROA from 2021 to 2024 suggests that the company has been successful in increasing its earnings relative to its assets, which is a positive indicator of financial performance.