Celsius Holdings Inc (CELH)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 29.08 | 22.37 | 15.57 | 17.72 | 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 | |
| Number of days of payables | days | 12.55 | 16.32 | 23.45 | 20.60 | 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 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 29.08
= 12.55
The analysis of the number of days of payables for Celsius Holdings Inc reveals fluctuations over the years. The company's payables turnover period ranged from as high as 105.84 days in September 30, 2021, to as low as 12.55 days in December 31, 2024. A higher number of days of payables indicates that the company is taking longer to pay its suppliers and could potentially be facing liquidity issues or strained relationships with vendors. On the other hand, a lower number of days of payables may signify efficient management of working capital and strong vendor relationships. It is important for investors and stakeholders to monitor these ratios to assess the company's financial health and management of its payables effectively.
Peer comparison
Dec 31, 2024