Celsius Holdings Inc (CELH)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.99 | 10.56 | 5.20 | 5.88 | 4.32 | |
| Number of days of payables | days | 22.83 | 34.57 | 70.25 | 62.03 | 84.58 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.99
= 22.83
Celsius Holdings Inc's number of days of payables has shown a decreasing trend over the past five years. In 2023, the company took an average of 22.83 days to pay its payables, compared to 34.57 days in 2022, 70.25 days in 2021, 62.03 days in 2020, and 84.58 days in 2019. This indicates that the company has been more efficient in managing its payables, possibly negotiating better payment terms with its suppliers or improving cash flow management. A lower number of days of payables suggests that Celsius Holdings Inc is able to pay its obligations more quickly, potentially improving its liquidity position and reducing the risk of late payments or financial distress.
Peer comparison
Dec 31, 2023