Celsius Holdings Inc (CELH)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.15 | 7.09 | 9.86 | 7.60 | 7.75 | |
| DSO | days | 70.84 | 51.52 | 37.02 | 48.00 | 47.11 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.15
= 70.84
The days of sales outstanding (DSO) for Celsius Holdings Inc have shown fluctuation over the past five years. As of December 31, 2020, the DSO stood at 47.11 days, indicating that on average, it took the company approximately 47 days to collect its accounts receivable. Subsequently, by December 31, 2021, the DSO increased slightly to 48.00 days.
However, the company saw a notable improvement in its collection efficiency by December 31, 2022, as the DSO decreased to 37.02 days, reflecting a quicker turnaround in collecting receivables. This suggests a more effective or timely collection process by Celsius Holdings Inc during this period.
In contrast, there was a significant uptick in the DSO by December 31, 2023, reaching 51.52 days, which may indicate potential challenges in collecting accounts receivable promptly. Furthermore, by December 31, 2024, the DSO further increased to 70.84 days, signifying a prolonged collection period for the company's sales.
Overall, Celsius Holdings Inc's DSO trend reveals variations in the efficiency of its accounts receivable collection process over the years, highlighting both improvements and potential areas for enhancement in managing its receivables.
Peer comparison
Dec 31, 2024