Celsius Holdings Inc (CELH)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 9.15 | 3.50 | 4.09 | 3.61 | 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 | |
| DOH | days | 39.88 | 104.35 | 89.33 | 101.21 | 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 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.15
= 39.88
Celsius Holdings Inc's days of inventory on hand (DOH) have exhibited fluctuating trends over the reported periods. The DOH indicates the average number of days it takes for the company to sell its inventory.
From March 31, 2020, to June 30, 2021, the company experienced an increasing trend in DOH, reaching a peak of 375.04 days on December 31, 2021. This prolonged DOH period could suggest potential issues with inventory management, such as overstocking or slow-moving inventory.
However, there was a significant improvement in inventory management from March 31, 2022, to September 30, 2024, as the DOH decreased consistently. This decline indicates that Celsius Holdings Inc was able to reduce the time it takes to sell its inventory, which can lead to improved cash flow and profitability.
Notably, the DOH dropped to a particularly low level of 39.88 days on December 31, 2024. This sharp decrease may reflect more efficient inventory turnover or strategic initiatives implemented by the company.
Overall, monitoring the DOH over time can provide insights into the company's inventory management effectiveness and operational efficiency, which are crucial factors impacting its financial performance and competitiveness.
Peer comparison
Dec 31, 2024