ELF Beauty Inc (ELF)

Return on equity (ROE)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income	US$ in thousands	127,663	61,530	21,770	6,232	17,884
Total stockholders’ equity	US$ in thousands	642,572	411,017	312,429	269,646	242,171
ROE		19.87%	14.97%	6.97%	2.31%	7.38%

March 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $127,663K ÷ $642,572K
= 19.87%

The return on equity (ROE) of ELF Beauty Inc has shown a positive trend over the past five years, reflecting the company's ability to generate profits from its shareholders' equity.

In 2020, the ROE stood at 7.38%, indicating a moderate return on equity for that year. Subsequently, there was a significant increase in ROE in 2021 to 2.31%, followed by a substantial improvement to 6.97% in 2022. This upward trajectory continued in 2023, reaching 14.97%, which was a notable jump from the previous year.

The most recent data available for March 31, 2024, shows a further increase in ROE to 19.87%, reflecting a strong performance and improved efficiency in utilizing shareholder equity to generate returns.

Overall, ELF Beauty Inc's ROE has been on an upward trend, indicating that the company has been effectively using its shareholders' equity to generate profits and create value for its investors. This improvement in ROE over the years suggests a positive outlook for the company in terms of financial performance and shareholder returns.