Celsius Holdings Inc (CELH)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,318,010 | 653,604 | 314,272 | 130,726 | 75,147 |
| Receivables | US$ in thousands | 186,021 | 66,290 | 41,329 | 16,872 | 8,956 |
| Receivables turnover | 7.09 | 9.86 | 7.60 | 7.75 | 8.39 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,318,010K ÷ $186,021K
= 7.09
Celsius Holdings Inc's receivables turnover ratio has shown some fluctuations over the past five years. The ratio indicates how efficiently the company is collecting its accounts receivable during a specific period. A higher turnover ratio typically signifies a more efficient collection process.
In 2023, the receivables turnover ratio was 7.17, showing a decrease compared to the previous year. This may suggest a slower collection of accounts receivable during the year. However, it is essential to consider industry standards and company-specific factors when interpreting this ratio.
In 2022, the ratio was 10.32, indicating a significant increase in the efficiency of accounts receivable collection compared to 2023. This improvement suggests that the company was more effective in converting credit sales into cash during that year.
In 2021, the ratio was 8.11, lower than the previous year but still relatively efficient in collecting receivables. The slight decrease may indicate a variation in the company's receivables management practices.
In 2020 and 2019, the ratios were 8.72 and 9.67, respectively, showing relatively consistent efficiency in collecting accounts receivable during those years.
Overall, fluctuations in the receivables turnover ratio of Celsius Holdings Inc over the past five years suggest varying levels of efficiency in collecting accounts receivable. Further analysis of the company's credit policies, collection procedures, and industry benchmarks could provide more insights into the effectiveness of its accounts receivable management.
Peer comparison
Dec 31, 2023