Celsius Holdings Inc (CELH)

Days of inventory on hand (DOH)

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Inventory turnover 2.99 3.03 3.42 2.91 2.21 2.25 1.81 1.28 0.97 1.16 1.63 2.28 3.79 4.18 2.47 2.39 2.87 4.44 3.49 2.44
DOH days 122.19 120.35 106.76 125.32 165.26 162.21 201.28 284.55 375.04 314.98 224.39 160.26 96.31 87.32 147.88 152.77 127.30 82.12 104.59 149.89

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.99
= 122.19

Celsius Holdings Inc's days of inventory on hand (DOH) have shown fluctuations over the past eight quarters. In Q4 2023, the DOH was 122.19 days, showing a decrease compared to the previous quarter Q3 2023 at 120.35 days. This indicates that the company held its inventory for slightly longer in Q4 2023.

Looking further back, in Q2 2023, the DOH was 106.76 days, signaling a decrease from the previous quarter but still within a reasonable range. In Q1 2023, there was a slight increase to 125.32 days compared to Q2 2023, suggesting that the company may have been holding inventory for a longer period in that quarter.

Comparing these recent quarters to the previous year, there has been a general trend of improvement in managing inventory levels. In Q4 2022, the DOH was at its highest at 165.26 days, showing a significant reduction to 122.19 days in Q4 2023. Similarly, Q3 2022 saw a DOH of 162.21 days, which decreased to 120.35 days in Q3 2023.

Overall, Celsius Holdings Inc seems to be making strides in more efficiently managing its inventory levels, as evidenced by the decreasing trend in the days of inventory on hand over the analyzed period. It is essential for the company to continue monitoring and optimizing its inventory management practices to ensure effective use of resources and improved financial performance.


Peer comparison

Dec 31, 2023