ELF Beauty Inc (ELF)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	127,663	129,382	121,599	100,038	61,530	46,840	33,949	27,963	21,770	20,190	18,273	12,996	6,232	5,915	9,620	15,690	17,884	311	1,981	-621
Total assets	US$ in thousands	1,129,250	1,108,280	746,936	657,881	595,601	555,925	542,141	513,857	494,632	490,950	493,012	498,392	487,393	480,905	473,424	462,068	453,104	456,251	437,027	435,981
ROA		11.31%	11.67%	16.28%	15.21%	10.33%	8.43%	6.26%	5.44%	4.40%	4.11%	3.71%	2.61%	1.28%	1.23%	2.03%	3.40%	3.95%	0.07%	0.45%	-0.14%

March 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $127,663K ÷ $1,129,250K
= 11.31%

ELF Beauty Inc's return on assets (ROA) has shown a positive trend across the periods under consideration. The ROA increased from -0.14% in June 2019 to 11.31% in March 2024, indicating a notable improvement in the company's ability to generate profits relative to its assets. This upward trend suggests that ELF Beauty Inc has been effectively utilizing its assets to generate earnings over time. It's important to note that the ROA fluctuated throughout the periods, but the general trajectory has been positive. Investors and analysts may view this improvement favorably as it indicates the company's increasing efficiency in deploying its assets to generate returns for shareholders.