Celsius Holdings Inc (CELH)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,318,010 | 653,604 | 314,272 | 130,726 | 75,147 |
| Property, plant and equipment | US$ in thousands | 24,868 | 10,185 | 3,180 | 579 | 133 |
| Fixed asset turnover | 53.00 | 64.17 | 98.83 | 225.78 | 565.02 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,318,010K ÷ $24,868K
= 53.00
Celsius Holdings Inc's fixed asset turnover has shown a decreasing trend over the past five years. The ratio has declined from 565.02 in 2019 to 53.00 in 2023, indicating a significant decrease in the efficiency of the company's fixed assets in generating sales. This declining trend may suggest that the company is not effectively utilizing its fixed assets to generate revenue. Further investigation is needed to understand the reasons behind this decrease and to identify potential areas for improvement in asset utilization and operational efficiency.
Peer comparison
Dec 31, 2023
Company name
Symbol
Fixed asset turnover
Celsius Holdings Inc
CELH
53.00
Coca-Cola Consolidated Inc.
COKE
5.03
Monster Beverage Corp
MNST
7.95
National Beverage Corp
FIZZ
7.46