Celsius Holdings Inc (CELH)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,392,990 | 1,318,010 | 653,604 | 314,272 | 130,726 |
| Receivables | US$ in thousands | 270,342 | 186,021 | 66,290 | 41,329 | 16,872 |
| Receivables turnover | 5.15 | 7.09 | 9.86 | 7.60 | 7.75 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,392,990K ÷ $270,342K
= 5.15
Celsius Holdings Inc has been experiencing fluctuations in its receivables turnover over the past five years. The ratio, which measures how efficiently the company is collecting on its credit sales, stood at 7.75 in December 31, 2020, slightly dropped to 7.60 in 2021, then significantly improved to 9.86 in 2022. However, in the following years, there was a decline in receivables turnover, dropping to 7.09 in 2023 and further down to 5.15 in 2024.
Overall, the trend indicates that Celsius Holdings Inc was able to collect its receivables more efficiently in 2022 compared to the previous years. However, the subsequent decline in the receivables turnover rate in 2023 and 2024 suggests potential challenges in managing and collecting outstanding receivables, which could impact the company's cash flow and liquidity position. Further analysis and monitoring of receivables management practices may be necessary to address this issue.
Peer comparison
Dec 31, 2024