Total Asset Turnover
since 2016
Calculation
e.l.f. Beauty, Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Mar 31, 2024 | 0.91 | = | 1,023,932) | ÷ | 1,129,247) |
| Mar 31, 2023 | 0.97 | = | 578,844) | ÷ | 595,601) |
| Mar 31, 2022 | 0.79 | = | 392,155) | ÷ | 494,632) |
| Mar 31, 2021 | 0.65 | = | 318,110) | ÷ | 487,393) |
| Mar 31, 2020 | 0.62 | = | 282,851) | ÷ | 453,104) |
| Dec 31, 2018 | 0.61 | = | 267,435) | ÷ | 435,856) |
| Dec 31, 2017 | 0.65 | = | 269,888) | ÷ | 417,244) |
| Dec 31, 2016 | 0.55 | = | 229,567) | ÷ | 414,729) |
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
- Net Sales
- Net sales demonstrated a consistent upward trajectory over the analyzed periods, increasing from $229,567 thousand at the end of 2016 to $1,023,932 thousand by the end of the first quarter of 2024. The growth trend was steady with noticeable acceleration beginning in the period ending March 31, 2023, where sales jumped significantly, continuing into March 31, 2024.
- Total Assets
- Total assets showed a moderate increase from $414,729 thousand at the end of 2016 to $1,129,247 thousand by March 31, 2024. Growth in assets was relatively gradual until March 31, 2023, after which a more substantial increase occurred. This pattern suggests expansion and possible investment in the company's asset base alongside sales growth.
- Total Asset Turnover Ratio
- The total asset turnover ratio fluctuated moderately within the range of 0.55 to 0.65 between 2016 and 2021, indicating relatively stable efficiency in utilizing assets to generate sales. From March 31, 2022 onward, there was a marked improvement, with the ratio peaking at 0.97 in March 2023 before slightly declining to 0.91 in March 2024. This improvement points to enhanced asset utilization, reflecting more effective management or higher sales productivity relative to the asset base during the recent periods.
- Overall Analysis
- Over the entire timeframe, the company exhibited strong growth in net sales, accompanied by an increase in total assets. The rising total asset turnover ratio since 2022 indicates improved efficiency in asset use, suggesting the company is generating increased revenue for each dollar invested in assets. The surge in both sales and assets during the last two periods signals a phase of accelerated growth, possibly indicating successful strategic initiatives or market expansion efforts.
Comparison to Competitors
e.l.f. Beauty, Inc., total asset turnover, long-term trends, comparison to competitors
| e.l.f. Beauty, Inc. | Procter & Gamble Co. | |
|---|---|---|
| Mar 31, 2024 | 0.91 | 0.69 |
| Mar 31, 2023 | 0.97 | 0.68 |
| Mar 31, 2022 | 0.79 | 0.68 |
| Mar 31, 2021 | 0.65 | 0.64 |
| Mar 31, 2020 | 0.62 | 0.59 |
| Dec 31, 2018 | 0.61 | 0.56 |
| Dec 31, 2017 | 0.65 | 0.54 |
| Dec 31, 2016 | 0.55 | 0.51 |
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., total asset turnover, long-term trends, comparison to industry (consumer staples)
| e.l.f. Beauty, Inc. | Consumer Staples | |
|---|---|---|
| Mar 31, 2024 | 0.91 | 1.56 |
| Mar 31, 2023 | 0.97 | 1.51 |
| Mar 31, 2022 | 0.79 | 1.47 |
| Mar 31, 2021 | 0.65 | 1.41 |
| Mar 31, 2020 | 0.62 | 1.32 |
| Dec 31, 2018 | 0.61 | 1.39 |
| Dec 31, 2017 | 0.65 | 1.34 |
| Dec 31, 2016 | 0.55 | 1.35 |
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).