Name: e.l.f. Beauty, Inc. (NYSE:ELF) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Current Assets: Selected Items

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e.l.f. Beauty, Inc., consolidated balance sheet: assets

US$ in thousands

	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash and cash equivalents	108,183)	120,778)	43,353)	57,768)	46,167)
Accounts receivable, net	123,797)	67,928)	45,567)	40,185)	29,721)
Inventory, net	191,489)	81,323)	84,498)	56,810)	46,209)
Prepaid expenses and other current assets	53,608)	33,296)	19,611)	15,381)	10,263)
Current assets	477,077)	303,325)	193,029)	170,144)	132,360)
Property and equipment, net	13,974)	7,874)	10,577)	13,770)	17,171)
Finance lease assets	—)	245)	664)	1,100)	2,094)
Property and equipment, net, including finance lease assets	13,974)	8,119)	11,241)	14,870)	19,265)
Intangible assets, net	225,094)	78,041)	86,163)	94,286)	102,410)
Goodwill	340,600)	171,620)	171,620)	171,620)	171,321)
Other assets	72,502)	34,496)	32,579)	36,473)	27,748)
Noncurrent assets	652,170)	292,276)	301,603)	317,249)	320,744)
Total assets	1,129,247)	595,601)	494,632)	487,393)	453,104)

Based on: 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31).

Total assets exhibited an accelerating growth trajectory over the five-year period, culminating in a substantial expansion in 2024, where total assets reached US$ 1,129,247 thousand, nearly doubling the previous year's balance of US$ 595,601 thousand.

Current Asset Expansion: Current assets grew from US$ 132,360 thousand in 2020 to US$ 477,077 thousand in 2024. This growth was primarily driven by significant increases in inventory and accounts receivable. Inventory experienced a sharp surge in the final year, rising from US$ 81,323 thousand in 2023 to US$ 191,489 thousand in 2024, indicating a substantial scale-up in product holdings. Accounts receivable also trended upward consistently, increasing more than fourfold over the period to reach US$ 123,797 thousand in 2024.
Noncurrent Asset Dynamics: Noncurrent assets remained relatively stable between 2020 and 2023, fluctuating around the US$ 300 million range, before increasing sharply to US$ 652,170 thousand in 2024. This surge is almost entirely attributable to the growth in goodwill and intangible assets. Goodwill rose from US$ 171,620 thousand to US$ 340,600 thousand in 2024, while net intangible assets grew from US$ 78,041 thousand to US$ 225,094 thousand, suggesting a major acquisition or strategic investment during the 2024 fiscal year.
Fixed Asset Trends: Property and equipment, net, including finance lease assets, showed a steady decline from US$ 19,265 thousand in 2020 to a low of US$ 8,119 thousand in 2023. This downward trend suggests a period of depreciation outweighing new capital expenditures. However, this trend reversed in 2024 with an increase to US$ 13,974 thousand, indicating a renewal of investment in physical infrastructure.
Liquidity and Other Assets: Cash and cash equivalents showed a general upward trend, peaking in 2023 at US$ 120,778 thousand before moderately declining to US$ 108,183 thousand in 2024. Other assets also saw a significant increase in 2024, rising to US$ 72,502 thousand from US$ 34,496 thousand in the prior year, contributing to the overall growth of the balance sheet.

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