ELF Beauty Inc (ELF)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Net income (ttm)	US$ in thousands	98,363	107,990	122,241	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
Total assets	US$ in thousands	1,264,830	1,237,020	1,204,830	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
ROA		7.78%	8.73%	10.15%	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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $98,363K ÷ $1,264,830K
= 7.78%

The return on assets (ROA) of ELF Beauty Inc has shown fluctuations over the reported periods. The ROA started at 3.95% as of March 31, 2020, and experienced a gradual decline, reaching a low of 1.23% by December 31, 2020. However, from there, the ROA began to improve, with an upward trend observed through the following periods.

By March 31, 2024, the ROA had increased to 11.31%, indicating a significant recovery and growth in the company's efficiency in generating profits from its assets. Despite a slight decline in the following periods, the ROA remained relatively stable above 7%, suggesting continued profitability and effective asset utilization by ELF Beauty Inc. Overall, the increasing trend in ROA signals improved efficiency and effectiveness in generating returns relative to the company's asset base over the reporting periods.