ELF Beauty Inc (ELF)
Return on total capital
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 149,678 | 68,143 | 29,770 | 9,400 | 29,950 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 642,572 | 411,017 | 312,429 | 269,646 | 242,171 |
| Return on total capital | 23.29% | 16.58% | 9.53% | 3.49% | 12.37% |
March 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $149,678K ÷ ($—K + $642,572K)
= 23.29%
ELF Beauty Inc's return on total capital has shown a positive trend over the past five years, with a notable increase from 3.49% in 2021 to 23.29% in 2024. This indicates that the company has become more efficient at generating profits relative to the total capital employed in its operations. The significant improvement in return on total capital suggests that ELF Beauty Inc has been effectively utilizing its resources to generate higher returns for its stakeholders. Overall, the upward trajectory in return on total capital reflects positively on the company's financial performance and management of its capital resources.
Peer comparison
Mar 31, 2024