Celsius Holdings Inc (CELH)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,200,628 | 691,089 | 738,245 | 712,255 | 684,875 | 602,642 | 521,550 | 449,362 | 382,735 | 346,386 | 294,019 | 236,142 | 186,104 | 141,735 | 103,824 | 84,024 | 69,751 | 65,535 | 58,031 | 50,263 |
| Payables | US$ in thousands | 41,287 | 30,900 | 47,423 | 40,196 | 42,840 | — | — | 16,536 | 36,248 | 27,595 | 25,235 | 50,541 | 35,820 | 41,098 | 19,510 | 18,520 | 11,854 | — | 8,793 | 11,169 |
| 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,200,628K ÷ $41,287K
= 29.08
The payables turnover ratio for Celsius Holdings Inc has shown fluctuations over the period under consideration. The ratio was 4.50 on March 31, 2020, indicating that the company rotated its accounts payables approximately 4.50 times during that period. The ratio increased to 6.60 by June 30, 2020, and fluctuated in the subsequent quarters.
There is a missing value for September 30, 2020, and this could be due to various reasons such as changes in reporting practices or incomplete data. The payables turnover ratio declined to 3.45 on September 30, 2021, indicating a decrease in the efficiency of managing payables during that period.
The ratio significantly increased to 27.17 on March 31, 2023, and then dropped to 15.99 by December 31, 2023, before showing fluctuations in the following periods. The ratio reached its peak at 29.08 on December 31, 2024.
The increasing trend in the payables turnover ratio indicates that Celsius Holdings Inc has been managing its accounts payables more efficiently, paying off its suppliers more frequently. However, the fluctuations in the ratio suggest changes in the company's payment practices or the nature of its business operations. Further analysis and information on the company's payables management strategy would be needed to fully interpret the significance of these fluctuations.
Peer comparison
Dec 31, 2024