ELF Beauty Inc (ELF)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	—	642,572	411,017	312,429	269,646
ROE		—	19.87%	14.97%	6.97%	2.31%

March 31, 2025 calculation

ROE = Net income ÷ Total stockholders’ equity
= $112,089K ÷ $—K
= —

ELF Beauty Inc's return on equity (ROE) has shown a positive trend over the years. It increased from 2.31% as of March 31, 2021, to 6.97% as of March 31, 2022, indicating improvement in utilizing shareholder equity to generate profits. The trend continued with a significant jump to 14.97% as of March 31, 2023, and further increased to 19.87% by March 31, 2024.

The steady growth in ROE signifies that ELF Beauty Inc has been effectively using its equity to generate higher returns for its shareholders. It indicates management's ability to efficiently allocate resources and generate profits from the company's operations.

However, there is a missing data point for March 31, 2025, denoted by the symbol "—", which makes it challenging to analyze the latest performance. Nonetheless, the overall increasing trend in ROE up to March 31, 2024, reflects positively on ELF Beauty Inc's financial performance and efficiency in utilizing shareholder equity.