Celsius Holdings Inc (CELH)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 43,845 | 39,058 | 36,952 | 33,013 |
| Payables | US$ in thousands | 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 | 10,160 | 5,119 | 4,263 | 5,750 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $684,875K ÷ $42,840K
= 15.99
The payables turnover ratio measures how efficiently Celsius Holdings Inc is paying off its suppliers. A higher turnover ratio indicates that the company is paying its suppliers more frequently or quickly.
Analyzing the data provided, we observe fluctuations in the payables turnover ratio over the last eight quarters. In Q4 2023, the payables turnover ratio was 15.99, which decreased from the previous quarter's ratio of 21.41 in Q3 2023. This decrease may indicate that the company took longer to pay its suppliers in Q4 2023 compared to Q3 2023.
Looking further back, we see a similar trend in the payables turnover ratio. Q1 2023 had a ratio of 27.17, the highest among the quarters in the dataset, indicating the company paid its suppliers more frequently in that period. In contrast, Q1 2022 had a significantly lower ratio of 4.67, suggesting a slower payment cycle for suppliers.
Overall, the fluctuation in the payables turnover ratio for Celsius Holdings Inc indicates varying levels of efficiency in managing supplier payments over the analyzed periods. Further analysis and comparison with industry benchmarks can provide additional insights into the company's payables management effectiveness.
Peer comparison
Dec 31, 2023