Stock Analysis on Net

e.l.f. Beauty, Inc. (NYSE:ELF)

This company has been moved to the archive! The financial data has not been updated since August 9, 2024.

Analysis of Short-term (Operating) Activity Ratios 

Microsoft Excel

Short-term Activity Ratios (Summary)

e.l.f. Beauty, Inc., short-term (operating) activity ratios

Microsoft Excel
Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020
Turnover Ratios
Inventory turnover 1.57 2.32 1.66 1.97 2.20
Receivables turnover 8.27 8.52 8.61 7.92 9.52
Payables turnover 3.70 6.00 7.30 7.13 8.21
Working capital turnover 5.75 2.96 3.06 3.29 3.48
Average No. Days
Average inventory processing period 233 158 220 185 166
Add: Average receivable collection period 44 43 42 46 38
Operating cycle 277 201 262 231 204
Less: Average payables payment period 99 61 50 51 44
Cash conversion cycle 178 140 212 180 160

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).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. e.l.f. Beauty, Inc. inventory turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Receivables turnover An activity ratio equal to revenue divided by receivables. e.l.f. Beauty, Inc. receivables turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. e.l.f. Beauty, Inc. payables turnover ratio decreased from 2022 to 2023 and from 2023 to 2024.
Working capital turnover An activity ratio calculated as revenue divided by working capital. e.l.f. Beauty, Inc. working capital turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. e.l.f. Beauty, Inc. number of days of inventory outstanding improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. e.l.f. Beauty, Inc. number of days of receivables outstanding deteriorated from 2022 to 2023 and from 2023 to 2024.
Operating cycle Equal to average inventory processing period plus average receivables collection period. e.l.f. Beauty, Inc. operating cycle improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. e.l.f. Beauty, Inc. number of days of payables outstanding increased from 2022 to 2023 and from 2023 to 2024.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. e.l.f. Beauty, Inc. cash conversion cycle improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.

Inventory Turnover

e.l.f. Beauty, Inc., inventory turnover calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020
Selected Financial Data (US$ in thousands)
Cost of sales 299,836 188,448 140,423 111,912 101,728
Inventory, net 191,489 81,323 84,498 56,810 46,209
Short-term Activity Ratio
Inventory turnover1 1.57 2.32 1.66 1.97 2.20
Benchmarks
Inventory Turnover, Competitors2
Procter & Gamble Co. 5.82 6.05 6.09 6.20 6.41
Inventory Turnover, Industry
Consumer Staples 7.41 6.96 7.97 7.50

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).

1 2024 Calculation
Inventory turnover = Cost of sales ÷ Inventory, net
= 299,836 ÷ 191,489 = 1.57

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. e.l.f. Beauty, Inc. inventory turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Receivables Turnover

e.l.f. Beauty, Inc., receivables turnover calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020
Selected Financial Data (US$ in thousands)
Net sales 1,023,932 578,844 392,155 318,110 282,851
Accounts receivable, net 123,797 67,928 45,567 40,185 29,721
Short-term Activity Ratio
Receivables turnover1 8.27 8.52 8.61 7.92 9.52
Benchmarks
Receivables Turnover, Competitors2
Procter & Gamble Co. 13.74 14.99 15.59 16.11 16.98
Receivables Turnover, Industry
Consumer Staples 36.63 35.12 38.75 37.54

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).

1 2024 Calculation
Receivables turnover = Net sales ÷ Accounts receivable, net
= 1,023,932 ÷ 123,797 = 8.27

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. e.l.f. Beauty, Inc. receivables turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Payables Turnover

e.l.f. Beauty, Inc., payables turnover calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020
Selected Financial Data (US$ in thousands)
Cost of sales 299,836 188,448 140,423 111,912 101,728
Accounts payable 81,075 31,427 19,227 15,699 12,390
Short-term Activity Ratio
Payables turnover1 3.70 6.00 7.30 7.13 8.21
Benchmarks
Payables Turnover, Competitors2
Procter & Gamble Co. 2.66 2.93 2.83 2.70 2.92
Payables Turnover, Industry
Consumer Staples 7.27 6.61 6.91 7.01

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).

1 2024 Calculation
Payables turnover = Cost of sales ÷ Accounts payable
= 299,836 ÷ 81,075 = 3.70

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. e.l.f. Beauty, Inc. payables turnover ratio decreased from 2022 to 2023 and from 2023 to 2024.

Working Capital Turnover

e.l.f. Beauty, Inc., working capital turnover calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020
Selected Financial Data (US$ in thousands)
Current assets 477,077 303,325 193,029 170,144 132,360
Less: Current liabilities 299,115 107,976 65,017 73,331 51,123
Working capital 177,962 195,349 128,012 96,813 81,237
 
Net sales 1,023,932 578,844 392,155 318,110 282,851
Short-term Activity Ratio
Working capital turnover1 5.75 2.96 3.06 3.29 3.48
Benchmarks
Working Capital Turnover, Competitors2
Procter & Gamble Co.
Working Capital Turnover, Industry
Consumer Staples

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).

1 2024 Calculation
Working capital turnover = Net sales ÷ Working capital
= 1,023,932 ÷ 177,962 = 5.75

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. e.l.f. Beauty, Inc. working capital turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

Average Inventory Processing Period

e.l.f. Beauty, Inc., average inventory processing period calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020
Selected Financial Data
Inventory turnover 1.57 2.32 1.66 1.97 2.20
Short-term Activity Ratio (no. days)
Average inventory processing period1 233 158 220 185 166
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Procter & Gamble Co. 63 60 60 59 57
Average Inventory Processing Period, Industry
Consumer Staples 49 52 46 49

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).

1 2024 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 1.57 = 233

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. e.l.f. Beauty, Inc. number of days of inventory outstanding improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Average Receivable Collection Period

e.l.f. Beauty, Inc., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020
Selected Financial Data
Receivables turnover 8.27 8.52 8.61 7.92 9.52
Short-term Activity Ratio (no. days)
Average receivable collection period1 44 43 42 46 38
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Procter & Gamble Co. 27 24 23 23 21
Average Receivable Collection Period, Industry
Consumer Staples 10 10 9 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).

1 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 8.27 = 44

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. e.l.f. Beauty, Inc. number of days of receivables outstanding deteriorated from 2022 to 2023 and from 2023 to 2024.

Operating Cycle

e.l.f. Beauty, Inc., operating cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020
Selected Financial Data
Average inventory processing period 233 158 220 185 166
Average receivable collection period 44 43 42 46 38
Short-term Activity Ratio
Operating cycle1 277 201 262 231 204
Benchmarks
Operating Cycle, Competitors2
Procter & Gamble Co. 90 84 83 82 78
Operating Cycle, Industry
Consumer Staples 59 62 55 59

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).

1 2024 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 233 + 44 = 277

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. e.l.f. Beauty, Inc. operating cycle improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Average Payables Payment Period

e.l.f. Beauty, Inc., average payables payment period calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020
Selected Financial Data
Payables turnover 3.70 6.00 7.30 7.13 8.21
Short-term Activity Ratio (no. days)
Average payables payment period1 99 61 50 51 44
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Procter & Gamble Co. 137 125 129 135 125
Average Payables Payment Period, Industry
Consumer Staples 50 55 53 52

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).

1 2024 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 3.70 = 99

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. e.l.f. Beauty, Inc. number of days of payables outstanding increased from 2022 to 2023 and from 2023 to 2024.

Cash Conversion Cycle

e.l.f. Beauty, Inc., cash conversion cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020
Selected Financial Data
Average inventory processing period 233 158 220 185 166
Average receivable collection period 44 43 42 46 38
Average payables payment period 99 61 50 51 44
Short-term Activity Ratio
Cash conversion cycle1 178 140 212 180 160
Benchmarks
Cash Conversion Cycle, Competitors2
Procter & Gamble Co. -47 -41 -46 -53 -47
Cash Conversion Cycle, Industry
Consumer Staples 9 7 2 7

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).

1 2024 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 233 + 4499 = 178

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. e.l.f. Beauty, Inc. cash conversion cycle improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.