Current Ratio
since 2016
Calculation
e.l.f. Beauty, Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Mar 31, 2024 | 1.59 | = | 477,077) | ÷ | 299,115) |
| Mar 31, 2023 | 2.81 | = | 303,325) | ÷ | 107,976) |
| Mar 31, 2022 | 2.97 | = | 193,029) | ÷ | 65,017) |
| Mar 31, 2021 | 2.32 | = | 170,144) | ÷ | 73,331) |
| Mar 31, 2020 | 2.59 | = | 132,360) | ÷ | 51,123) |
| Dec 31, 2018 | 3.30 | = | 141,743) | ÷ | 43,015) |
| Dec 31, 2017 | 2.41 | = | 123,644) | ÷ | 51,361) |
| Dec 31, 2016 | 1.56 | = | 124,904) | ÷ | 80,270) |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).
1 US$ in thousands
The liquidity profile exhibits a period of significant expansion followed by a sharp compression in the most recent fiscal year. While current assets have grown consistently over the analyzed period, a disproportionate increase in current liabilities in 2024 has impacted the overall liquidity position.
- Current Asset Growth
- Current assets demonstrated a sustained upward trajectory, increasing from US$ 124.9 million in December 2016 to US$ 477.1 million by March 31, 2024. This represents a substantial expansion of short-term resources, with the most aggressive growth occurring between 2022 and 2024.
- Current Liability Trends
- Current liabilities initially declined from US$ 80.3 million in 2016 to a low of US$ 43.0 million in 2018. After maintaining a relatively stable range between US$ 51.1 million and US$ 73.3 million from 2020 to 2022, liabilities surged to US$ 108.0 million in 2023 and escalated sharply to US$ 299.1 million by March 31, 2024.
- Current Ratio Fluctuations
- The current ratio experienced a significant increase in the early part of the period, peaking at 3.30 in December 2018, which indicated a very strong liquidity cushion. From 2020 to 2023, the ratio remained healthy, fluctuating between 2.32 and 2.97. However, a marked decline to 1.59 was observed by March 31, 2024, returning the ratio to levels similar to those seen in 2016. This downward shift is directly correlated with the rapid acceleration of current liabilities outstripping the growth rate of current assets in the final reporting period.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
e.l.f. Beauty, Inc., current ratio, long-term trends, comparison to competitors
| e.l.f. Beauty, Inc. | Procter & Gamble Co. | |
|---|---|---|
| Mar 31, 2024 | 1.59 | 0.73 |
| Mar 31, 2023 | 2.81 | 0.63 |
| Mar 31, 2022 | 2.97 | 0.65 |
| Mar 31, 2021 | 2.32 | 0.70 |
| Mar 31, 2020 | 2.59 | 0.85 |
| Dec 31, 2018 | 3.30 | 0.83 |
| Dec 31, 2017 | 2.41 | 0.88 |
| Dec 31, 2016 | 1.56 | 1.10 |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).
Comparison to Industry (Consumer Staples)
e.l.f. Beauty, Inc., current ratio, long-term trends, comparison to industry (consumer staples)
| e.l.f. Beauty, Inc. | Consumer Staples | |
|---|---|---|
| Mar 31, 2024 | 1.59 | 0.85 |
| Mar 31, 2023 | 2.81 | 0.84 |
| Mar 31, 2022 | 2.97 | 0.87 |
| Mar 31, 2021 | 2.32 | 0.93 |
| Mar 31, 2020 | 2.59 | 0.92 |
| Dec 31, 2018 | 3.30 | 0.87 |
| Dec 31, 2017 | 2.41 | 1.02 |
| Dec 31, 2016 | 1.56 | 1.04 |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).