Celsius Holdings Inc (CELH)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 29.08 | 15.99 | 10.56 | 5.20 | 5.88 | |
| Number of days of payables | days | 12.55 | 22.83 | 34.57 | 70.25 | 62.03 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 29.08
= 12.55
The number of days of payables for Celsius Holdings Inc has shown a fluctuating trend over the past five years.
As of December 31, 2020, the company took an average of 62.03 days to pay its suppliers. This increased to 70.25 days by December 31, 2021, indicating a slight delay in settling its payables.
However, there was a significant improvement in efficiency by December 31, 2022, as the number of days of payables decreased to 34.57 days. This downward trend continued over the next two years, with the number dropping to 22.83 days as of December 31, 2023, and further decreasing to 12.55 days by December 31, 2024.
Overall, the company has demonstrated a positive trend in managing its payables efficiently, as reflected in the decreasing number of days it takes to settle its obligations to suppliers over the analyzed period.
Peer comparison
Dec 31, 2024