Celsius Holdings Inc (CELH)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 75,147 | 65,712 | 61,853 | 55,029 |
| Receivables | US$ in thousands | 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 | 8,956 | 15,159 | 13,356 | 13,379 |
| Receivables turnover | 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 | 8.39 | 4.33 | 4.63 | 4.11 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,318,014K ÷ $186,021K
= 7.09
The receivables turnover for Celsius Holdings Inc has fluctuated over the past eight quarters, ranging from a low of 4.53 in Q1 2023 to a high of 10.32 in Q4 2022. The average receivables turnover for this period is 6.32. The lower turnover ratios suggest that the company is taking longer to collect its accounts receivable, which may indicate a potential issue with credit policies or collection efforts. Conversely, the higher turnover ratios indicate a more efficient collection process. Overall, the trend in receivables turnover should be monitored to ensure timely collections and efficient working capital management.
Peer comparison
Dec 31, 2023