Celsius Holdings Inc (CELH)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 9.15 | 2.99 | 2.21 | 0.97 | 3.79 | |
| DOH | days | 39.88 | 122.19 | 165.26 | 375.04 | 96.30 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.15
= 39.88
The days of inventory on hand (DOH) ratio for Celsius Holdings Inc shows a significant fluctuation over the years based on the provided data.
In December 31, 2020, the company had 96.30 days of inventory on hand, indicating that it took approximately 96 days for the company to sell its inventory. This could be a sign of efficient inventory management.
However, by December 31, 2021, this ratio increased substantially to 375.04 days, suggesting that the company was holding a much higher level of inventory compared to the previous year. This could potentially indicate issues with inventory management, possibly leading to higher storage costs or the risk of obsolete inventory.
In the following years, the DOH ratio decreased to 165.26 days in December 31, 2022, further dropping to 122.19 days by December 31, 2023, and significantly improving to 39.88 days by December 31, 2024. These reductions in DOH ratios could indicate improvements in inventory turnover, suggestive of better inventory management practices or changes in sales strategies.
Overall, the fluctuating trend in Celsius Holdings Inc's DOH ratio highlights the importance of monitoring inventory levels and turnover to ensure optimal use of resources and financial efficiency.
Peer comparison
Dec 31, 2024