ELF Beauty Inc (ELF)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	642,572	614,224	516,428	471,702	411,017	385,304	356,960	333,449	312,429	305,468	294,093	282,622	269,646	264,602	254,653	248,708	242,171	242,447	231,688	222,008
ROE		19.87%	21.06%	23.55%	21.21%	14.97%	12.16%	9.51%	8.39%	6.97%	6.61%	6.21%	4.60%	2.31%	2.24%	3.78%	6.31%	7.38%	0.13%	0.86%	-0.28%

March 31, 2024 calculation

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

ELF Beauty Inc's return on equity (ROE) has shown a fluctuating trend over the past years, based on the data provided. ROE increased steadily from December 2019 to December 2023, reaching a peak of 23.55% in September 2023. This indicates that the company was generating higher profits relative to its shareholders' equity during this period. However, there was a slight decrease in ROE in the last reported quarter, March 2024, with a reading of 19.87%.

Overall, ELF Beauty Inc's ROE has been relatively strong in recent years, consistently above 15%. This suggests that the company has been effectively utilizing its equity capital to generate profits for its shareholders. Investors may view this positively as it indicates the company's ability to generate returns on the funds invested by its shareholders. However, monitoring future ROE trends will be important to assess the company's ongoing performance and financial health.