Celsius Holdings Inc (CELH)

Days of sales outstanding (DSO)

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
Receivables turnover 7.09 5.26 4.73 4.44 9.86 4.84 7.03 5.06 7.60 5.34 5.37 5.76 7.75 6.49 7.36 7.49 8.39 4.33 4.63 4.11
DSO days 51.52 69.45 77.11 82.16 37.02 75.46 51.96 72.10 48.00 68.41 67.99 63.41 47.11 56.27 49.60 48.72 43.50 84.20 78.81 88.74

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.09
= 51.52

To analyze Celsius Holdings Inc's days of sales outstanding (DSO) over the past eight quarters, we observe fluctuations in the collection period for accounts receivable. The DSO represents the average number of days it takes for the company to collect payments from its customers.

The DSO trend for Celsius Holdings Inc shows variability in the collection efficiency of the company. In Q1 2022, the DSO was 66.74 days, which decreased to 35.36 days in Q4 2022, indicating a significant improvement in collecting receivables. However, the trend reversed in the following quarters, with DSO increasing to 80.49 days in Q1 2023, reflecting a deterioration in the collection process.

Q4 2023 shows a decrease in DSO to 50.87 days compared to Q1 2023, suggesting an improvement in collecting payments from customers. Overall, the company's DSO has shown inconsistency, indicating possible challenges in managing accounts receivable efficiently in some quarters.

Further analysis of the reasons behind these fluctuations in DSO, such as changes in credit policies, customer payment behavior, or seasonal factors, would provide deeper insights into the company's receivables management performance.


Peer comparison

Dec 31, 2023