Celsius Holdings Inc (CELH)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,200,630 | 684,875 | 382,735 | 186,103 | 69,752 |
| Inventory | US$ in thousands | 131,165 | 229,275 | 173,289 | 191,222 | 18,404 |
| Inventory turnover | 9.15 | 2.99 | 2.21 | 0.97 | 3.79 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,200,630K ÷ $131,165K
= 9.15
Celsius Holdings Inc's inventory turnover has shown variability over the past five years. In 2020, the inventory turnover was 3.79, suggesting that the company's inventory turnover rate was relatively healthy, indicating efficient management of inventory. However, by the end of 2021, the inventory turnover declined significantly to 0.97, signaling that the company may be struggling with managing its inventory effectively.
In 2022, there was a slight improvement in inventory turnover to 2.21, but it remained below the 2020 levels. The following year, in 2023, the inventory turnover further increased to 2.99, reflecting efforts to better manage and move inventory. The most notable improvement occurred by the end of 2024, with an inventory turnover of 9.15, indicating a significant enhancement in inventory management efficiency.
Overall, the fluctuation in inventory turnover over the years suggests that Celsius Holdings Inc has experienced challenges in optimizing its inventory levels and turnover rate. It is crucial for the company to continue monitoring and improving its inventory management practices to ensure smooth operations and financial performance.
Peer comparison
Dec 31, 2024