e.l.f. Beauty (e.l.f. Beauty) EBIT : $145.2 Mil (TTM As of Dec. 2023)

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What is e.l.f. Beauty EBIT?

e.l.f. Beauty's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $34.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $145.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. e.l.f. Beauty's annualized ROC % for the quarter that ended in Dec. 2023 was 17.19%. e.l.f. Beauty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 82.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. e.l.f. Beauty's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.42%.

e.l.f. Beauty EBIT Historical Data

The historical data trend for e.l.f. Beauty's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

e.l.f. Beauty EBIT Chart

e.l.f. Beauty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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30.49

6.94

27.54

67.72

e.l.f. Beauty Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															23.85	9.99	60.63	40.18	34.40

Competitive Comparison of e.l.f. Beauty's EBIT

For the Household & Personal Products subindustry, e.l.f. Beauty's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

e.l.f. Beauty's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, e.l.f. Beauty's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where e.l.f. Beauty's EV-to-EBIT falls into.

e.l.f. Beauty EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $145.2 Mil.

e.l.f. Beauty (NYSE:ELF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

e.l.f. Beauty's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	127.344 * ( 1 - 11.6% )	/	( (446.514	+	862.943)	/ 2 )
=	112.572096	/	654.7285
=	17.19 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	746.936	-	132.659	-	( 167.763	-	max(0, 152.371	-	435.446	+	167.763	))
=	446.514

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1108.284	-	172.636	-	( 72.705	-	max(0, 302.939	-	454.9	+	72.705	))
=	862.943

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

e.l.f. Beauty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	137.604	/	( ( (7.624 + max(124.712, 0))	+	(12.805 + max(186.66, 0)) )	/	2 )
=	137.604	/	( ( 132.336	+	199.465 )	/	2 )
=	137.604	/	165.9005
=	82.94 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(86.683	+	147.228	+	33.772)	-	(132.659	+	0	+	10.312)
=	124.712

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(121.061	+	204.504	+	56.63)	-	(172.636	+	0	+	22.899)
=	186.66

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

e.l.f. Beauty's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	145.204	/	10191.533
	=	1.42 %

e.l.f. Beauty EBIT Related Terms

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e.l.f. Beauty (e.l.f. Beauty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » e.l.f. Beauty Inc (NYSE:ELF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

0EF:Germany 0EF:Germany

Address

570 10th Street, Oakland, CA, USA, 94607

Website

https://www.elfcosmetics.com

e.l.f. Beauty Inc is a cosmetic company based in the United States. The company offers cosmetic accessories for women which include eyeliner, mascara, false eyelashes, lipstick, the foundation for the face, moisturizer, cleanser, and other tools through its stores and e-commerce channels. The products that the company sells are marketed under the e.l.f. Cosmetics, W3LL PEOPLE and Keys Soulcare brands. It carries out the sales within the US and internationally, out of which maximum revenue is generated from the US.

Executives

Joshua Allen Franks	officer: SVP, Operations	C/O E.L.F. BEAUTY, INC., 570 10TH STREET, OAKLAND CA 94607
Scott Milsten	officer: See remarks	C/O E.L.F. BEAUTY, INC., 570 10TH STREET, OAKLAND CA 94607
Tarang Amin	director, 10 percent owner, officer: See remarks	C/O SCHIFF NUTRITION INTERNATIONAL, INC., 2002 SOUTH 5070 WEST, SALT LAKE CITY UT 84104
Richard G Wolford	director
Levitan Lauren Cooks	director	570 10TH STREET, OAKLAND CA 94607
Maureen C. Watson	director	570 10TH STREET, OAKLAND CA 94607
Beth M Pritchard	director	BORDERS GROUP INC, 100 PHOENIX DRIVE, ANN ARBOR MI 48108
Jennifer Catherine Hartnett	officer: Chief Commercial Officer	C/O E.L.F. BEAUTY, INC., 570 10TH STREET, OAKLAND CA 94607
Tiffany F. Daniele	director	C/O USHG ACQUISITION CORP., 853 BROADWAY, 17TH FLOOR, NEW YORK NY 10003
Mandy J Fields	officer: See Remarks	C/O E.L.F. BEAUTY, INC., 570 10TH STREET, OAKLAND CA 94607
Kory Marchisotto	officer: See Remarks	C/O E.L.F. BEAUTY, INC., 570 10TH STREET, OAKLAND CA 94607
Gayle Tait	director	C/O E.L.F. BEAUTY, INC., 570 10TH STREET, 3RD FLOOR, OAKLAND CA 94607
Baruch Richard F Jr	officer: See remarks	SCHIFF NUTRITION INTERNATIONAL INC, 2002 SOUTH 5070 WEST, SALT LAKE CITY UT 84104-4726
Sabrina Simmons	director	GAP INC., 2 FOLSOM STREET, SAN FRANCISCO CA 94105
Kenneth Jr Mitchell	director	C/O E.L.F. BEAUTY, INC., 570 10TH STREET, OAKLAND CA 94607