Celsius Holdings Inc (CELH)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,362,097 | 1,370,868 | 1,489,877 | 1,413,783 | 1,318,014 | 1,148,543 | 952,019 | 780,156 | 653,605 | 579,896 | 486,572 | 397,625 | 314,272 | 245,682 | 187,612 | 152,576 | 130,726 | 119,176 | 102,761 | 88,846 |
| Property, plant and equipment | US$ in thousands | 55,602 | 38,370 | 36,282 | 28,350 | 24,868 | 21,061 | 15,892 | 12,054 | 10,185 | 5,782 | 5,135 | 3,702 | 3,180 | 2,455 | 1,617 | 1,169 | 579 | 467 | 398 | 115 |
| Fixed asset turnover | 24.50 | 35.73 | 41.06 | 49.87 | 53.00 | 54.53 | 59.91 | 64.72 | 64.17 | 100.29 | 94.76 | 107.41 | 98.83 | 100.07 | 116.02 | 130.52 | 225.78 | 255.19 | 258.19 | 772.57 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,362,097K ÷ $55,602K
= 24.50
Fixed asset turnover is a financial ratio that measures a company's ability to generate sales revenue from its investments in fixed assets, such as property, plant, and equipment. A high fixed asset turnover ratio indicates that a company is effectively utilizing its fixed assets to generate sales, while a low ratio may suggest inefficient asset utilization.
In the case of Celsius Holdings Inc, the fixed asset turnover ratio has shown a declining trend over the analyzed periods. The ratio was exceptionally high at 772.57 on March 31, 2020, but gradually decreased to 24.50 by December 31, 2024. This decline indicates a potential decrease in the company's efficiency in generating sales from its fixed assets over time.
It is essential for Celsius Holdings Inc to closely monitor and potentially optimize its utilization of fixed assets to improve its fixed asset turnover ratio and enhance overall operational efficiency. Lowering the ratio may be a signal to reassess the company's capital expenditure decisions and ensure that fixed assets are being adequately utilized to support revenue generation.
Peer comparison
Dec 31, 2024