Celsius Holdings Inc (CELH)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,200,630 | 684,875 | 382,735 | 186,103 | 69,752 |
| Payables | US$ in thousands | 41,287 | 42,840 | 36,248 | 35,820 | 11,854 |
| Payables turnover | 29.08 | 15.99 | 10.56 | 5.20 | 5.88 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,200,630K ÷ $41,287K
= 29.08
The payables turnover ratio for Celsius Holdings Inc has shown a strong upward trend over the past five years. Starting at 5.88 in December 31, 2020, the ratio has steadily increased to 29.08 by December 31, 2024. This indicates that the company is managing its accounts payables more efficiently, taking less time to settle its outstanding obligations with suppliers. A higher payables turnover ratio generally reflects a more favorable liquidity position and effective management of working capital. Celsius Holdings Inc's consistent improvement in payables turnover suggests that the company is effectively managing its vendor relationships and optimizing its cash flow.
Peer comparison
Dec 31, 2024