Celsius Holdings Inc (CELH)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.99 | 2.21 | 0.97 | 3.79 | 2.87 | |
| DOH | days | 122.19 | 165.26 | 375.04 | 96.30 | 127.30 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.99
= 122.19
Celsius Holdings Inc's days of inventory on hand (DOH) has fluctuated significantly over the past five years, indicating potential challenges in managing inventory levels efficiently.
The DOH was highest in 2021 at 375.04 days, reflecting an excessive amount of inventory relative to sales. This could suggest issues such as overproduction, slow-moving inventory, or inadequate inventory management practices during that period.
In contrast, the DOH decreased sharply to 96.30 days in 2020, indicating a more efficient inventory management or possibly a decrease in average inventory levels. A lower DOH is generally preferable as it implies faster inventory turnover and reduced holding costs.
However, the DOH increased again to 165.26 days in 2022 and then slightly decreased to 122.19 days in 2023. These fluctuations may indicate inconsistent inventory management practices or challenges in forecasting demand accurately.
Overall, Celsius Holdings Inc may benefit from analyzing the factors contributing to these fluctuations in DOH to optimize inventory levels, minimize holding costs, and improve overall operational efficiency.
Peer comparison
Dec 31, 2023