Current Ratio
since 2016
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e.l.f. Beauty, Inc. pages available for free this week:
- Income Statement
- Cash Flow Statement
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Total Asset Turnover since 2016
- Analysis of Revenues
- Aggregate Accruals
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Calculation
e.l.f. Beauty, Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Mar 31, 2024 | = | ÷ | |||
| Mar 31, 2023 | = | ÷ | |||
| Mar 31, 2022 | = | ÷ | |||
| Mar 31, 2021 | = | ÷ | |||
| Mar 31, 2020 | = | ÷ | |||
| Dec 31, 2018 | = | ÷ | |||
| Dec 31, 2017 | = | ÷ | |||
| Dec 31, 2016 | = | ÷ |
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
- Current assets
- Current assets exhibited a generally increasing trend over the periods analyzed. Starting at 124,904 thousand USD at the end of 2016, the asset base grew steadily, peaking at 477,077 thousand USD by March 31, 2024. Notable increments occurred between March 31, 2022, and March 31, 2024, where current assets rose substantially from 193,029 to 477,077 thousand USD.
- Current liabilities
- Current liabilities showed a fluctuating pattern with an overall upward movement towards the latest period. Beginning at 80,270 thousand USD at the end of 2016, liabilities declined to a low of 43,015 thousand USD by the end of 2018, then increased significantly in subsequent years. Most markedly, between March 31, 2023, and March 31, 2024, current liabilities escalated from 107,976 to 299,115 thousand USD.
- Current ratio
- The current ratio demonstrated variability, initially increasing from 1.56 at the end of 2016 to a peak of 3.30 by the end of 2018, indicating improved short-term liquidity during that period. However, after reaching this high point, it generally declined, dropping to 1.59 by March 31, 2024. This reduction in the current ratio in recent years, despite the increased current assets, results from a proportionally greater rise in current liabilities, implying a relative decrease in liquidity.
- Summary insights
- The data indicates that while current assets have grown significantly over the observed periods, current liabilities have also increased, especially in the most recent years. The initial improvement in liquidity, as reflected by the rising current ratio through 2018, has reversed in subsequent periods, reaching a lower level by early 2024. This trend suggests increased short-term financial obligations that have outpaced asset growth, potentially signaling tighter liquidity conditions by the latest reporting date.
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 | ||
| Mar 31, 2023 | ||
| Mar 31, 2022 | ||
| Mar 31, 2021 | ||
| Mar 31, 2020 | ||
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Dec 31, 2016 |
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 | ||
| Mar 31, 2023 | ||
| Mar 31, 2022 | ||
| Mar 31, 2021 | ||
| Mar 31, 2020 | ||
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Dec 31, 2016 |
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).