Celsius Holdings Inc (CELH)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 15.99 | — | — | 27.17 | 10.56 | 12.55 | 11.65 | 4.67 | 5.20 | 3.45 | 5.32 | 4.54 | 5.88 | — | 6.60 | 4.50 | 4.32 | 7.63 | 8.67 | 5.74 | |
| Number of days of payables | days | 22.83 | — | — | 13.43 | 34.57 | 29.08 | 31.33 | 78.12 | 70.25 | 105.84 | 68.59 | 80.45 | 62.03 | — | 55.31 | 81.11 | 84.58 | 47.84 | 42.11 | 63.57 |
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 fluctuating trends over the past eight quarters. In Q4 2023, the company's payables were 22.83 days, which increased from 17.05 days in Q3 2023. This increase could indicate that the company is taking longer to pay its suppliers, potentially impacting its cash flow. However, compared to Q4 2022 where payables were 34.57 days, the current figure is lower, suggesting improved efficiency in managing payables.
Looking at the broader trend, Celsius Holdings Inc has generally shown a decreasing number of days of payables since Q1 2022, where it was exceptionally high at 78.12 days. This improvement may indicate better working capital management and stronger supplier relationships. However, it is essential to monitor these fluctuations closely to ensure that the company's payables are effectively managed to support its financial health and operations.
Peer comparison
Dec 31, 2023