Celsius Holdings Inc (CELH)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,362,097 | 1,370,868 | 1,489,877 | 1,413,783 | 1,318,014 | 1,148,543 | 952,019 | 780,156 | 653,605 | 579,896 | 486,572 | 397,625 | 314,272 | 245,682 | 187,612 | 152,576 | 130,726 | 119,176 | 102,761 | 88,846 |
| Receivables | US$ in thousands | 270,342 | 209,799 | 264,086 | 202,376 | 186,021 | 218,552 | 201,134 | 175,619 | 66,290 | 119,891 | 69,261 | 78,540 | 41,329 | 46,044 | 34,945 | 26,507 | 16,872 | 18,372 | 13,965 | 11,858 |
| Receivables turnover | 5.04 | 6.53 | 5.64 | 6.99 | 7.09 | 5.26 | 4.73 | 4.44 | 9.86 | 4.84 | 7.03 | 5.06 | 7.60 | 5.34 | 5.37 | 5.76 | 7.75 | 6.49 | 7.36 | 7.49 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,362,097K ÷ $270,342K
= 5.04
The receivables turnover ratio is a measure of how efficiently a company is able to collect its accounts receivable during a specific period. For Celsius Holdings Inc, the receivables turnover ratio fluctuated over the period from March 31, 2020, to December 31, 2024.
The ratio ranged from a low of 4.44 times on March 31, 2023, to a high of 9.86 times on December 31, 2022. Generally, a higher turnover ratio indicates that the company is collecting its accounts receivable more frequently and efficiently.
There were some fluctuations in the receivables turnover ratio during the period, suggesting variations in the company's ability to collect outstanding amounts from its customers. It is important to analyze the trend of the receivables turnover ratio over time to understand the company's efficiency in managing its accounts receivable effectively.
Peer comparison
Dec 31, 2024