Celsius Holdings Inc (CELH)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 7.09 | 9.86 | 7.60 | 7.75 | 8.39 | |
| DSO | days | 51.52 | 37.02 | 48.00 | 47.11 | 43.50 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.09
= 51.52
Based on the data provided, Celsius Holdings Inc's Days Sales Outstanding (DSO) has shown some fluctuation over the past five years. DSO represents the average number of days it takes for the company to collect payment after making a sale.
In 2023, the DSO increased to 50.87 days from 35.36 days in 2022. This suggests that the company took longer to collect payments from customers in 2023 compared to the previous year. The increase in DSO may indicate issues with the company's credit policies, collection processes, or the quality of its receivables.
Comparing 2023 to 2021, the DSO increased from 44.99 days to 50.87 days, showing a trend of lengthening collection periods over the two-year period. This could potentially strain the company's cash flow and liquidity if not managed effectively.
However, when comparing 2023 to 2020 and 2019, the DSO of 50.87 days appears to be relatively higher, indicating a less efficient collection process in the most recent year.
Overall, the increasing trend in DSO over the past few years for Celsius Holdings Inc may warrant further investigation into the company's credit and collection practices to ensure timely cash inflows and efficient working capital management.
Peer comparison
Dec 31, 2023