Celsius Holdings Inc (CELH)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 75,147 | 65,712 | 61,853 | 55,029 |
| Property, plant and equipment | US$ in thousands | 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 | 133 | 129 | 110 | 103 |
| Fixed asset turnover | 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 | 565.02 | 509.40 | 562.30 | 534.26 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,318,014K ÷ $24,868K
= 53.00
The fixed asset turnover ratio for Celsius Holdings Inc has shown a general decreasing trend over the past year, starting at a peak of 107.41 in Q1 2022 and gradually declining to 53.00 in Q4 2023. This downward trend suggests that the company may be generating less revenue relative to its investment in fixed assets. A fixed asset turnover ratio below 1 indicates that the company is not efficiently utilizing its fixed assets to generate sales. However, it is important to note that the fixed asset turnover ratio can vary by industry, so a direct comparison to industry benchmarks would provide more context for evaluating Celsius Holdings Inc's performance.
Peer comparison
Dec 31, 2023