Celsius Holdings Inc (CELH)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 5.04 | 6.53 | 5.64 | 6.99 | 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 | |
| DSO | days | 72.44 | 55.86 | 64.70 | 52.25 | 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 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.04
= 72.44
Days Sales Outstanding (DSO) is a key metric that indicates the average number of days it takes for a company to collect its accounts receivable. A lower DSO value is generally favorable as it signifies a shorter time for collecting receivables, indicating efficient credit management and cash flow.
Analyzing the DSO trend of Celsius Holdings Inc from March 31, 2020, to December 31, 2024, we observe fluctuations in the DSO values. The DSO ranged from a low of 37.02 days at the end of December 31, 2022, indicating efficient collections, to a high of 82.16 days at the end of March 31, 2023, suggesting potential challenges in collecting receivables promptly.
Throughout the period, there were fluctuations in DSO values, indicating potential shifts in the company's collection processes or changes in customer payment behavior. For instance, the DSO increased significantly from March 31, 2021, to June 30, 2021, and continued to rise until September 30, 2021. This suggests a potential need for the company to review its credit policies or collection strategies during this period.
Moreover, the DSO decreased notably from September 30, 2022, to December 31, 2022, reaching a low of 37.02 days. This significant improvement in collection efficiency could reflect revised credit terms or enhanced collection procedures implemented by Celsius Holdings Inc.
Overall, analyzing the DSO trend over the specified period provides insights into the company's effectiveness in managing accounts receivable and collecting payments from customers. Further analysis and comparison with industry benchmarks may offer additional context to assess the company's performance in this aspect.
Peer comparison
Dec 31, 2024