Celsius Holdings Inc (CELH)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 684,875 | 602,642 | 521,550 | 449,362 | 382,735 | 346,386 | 294,019 | 236,142 | 186,104 | 141,735 | 103,824 | 84,024 | 69,751 | 65,535 | 58,031 | 50,263 | 43,845 | 39,058 | 36,952 | 33,013 |
| Inventory | US$ in thousands | 229,275 | 198,704 | 152,545 | 154,280 | 173,289 | 153,933 | 162,138 | 184,094 | 191,222 | 122,311 | 63,827 | 36,892 | 18,404 | 15,679 | 23,512 | 21,038 | 15,292 | 8,787 | 10,589 | 13,557 |
| Inventory turnover | 2.99 | 3.03 | 3.42 | 2.91 | 2.21 | 2.25 | 1.81 | 1.28 | 0.97 | 1.16 | 1.63 | 2.28 | 3.79 | 4.18 | 2.47 | 2.39 | 2.87 | 4.44 | 3.49 | 2.44 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $684,875K ÷ $229,275K
= 2.99
Inventory turnover is a key financial ratio used to measure how efficiently a company manages its inventory. It indicates how many times a company's inventory is sold and replaced over a specific period.
Celsius Holdings Inc's inventory turnover has shown improvement over the last four quarters, increasing from 2.21 in Q4 2022 to 3.03 in Q3 2023. This suggests that the company is managing its inventory more efficiently, selling and replenishing its inventory at a faster rate.
The highest inventory turnover was recorded in Q2 2023 at 3.42, indicating a peak in inventory management efficiency during that period. This may have been influenced by factors such as effective inventory control, strong demand for Celsius Holdings Inc's products, or streamlined supply chain operations.
Overall, the trend of increasing inventory turnover indicates that Celsius Holdings Inc is effectively managing its inventory levels and turning its inventory into sales more rapidly. This is a positive sign for the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023
Dec 31, 2023