Celsius Holdings Inc (CELH)
Total asset 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 |
| Total assets | US$ in thousands | 1,536,400 | 1,222,070 | 314,018 | 131,290 | 90,382 |
| Total asset turnover | 0.86 | 0.53 | 1.00 | 1.00 | 0.83 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,318,010K ÷ $1,536,400K
= 0.86
The total asset turnover ratio for Celsius Holdings Inc has varied over the past five years. In 2023, the ratio stood at 0.86, indicating that the company generated $0.86 in revenue for every dollar of total assets. This represents an improvement from the previous year, where the ratio was 0.53, suggesting that the company was more efficient in utilizing its assets to generate revenue.
In 2021 and 2020, the total asset turnover was at 1.00, demonstrating that Celsius Holdings Inc generated revenue equal to its total assets during those years. This implies a high level of efficiency in asset utilization. In contrast, in 2019, the ratio was 0.83, indicating a slight decrease in asset turnover efficiency compared to the more recent years.
Overall, fluctuations in total asset turnover suggest varying levels of efficiency in utilizing assets to generate revenue over the five-year period. Further analysis would be needed to understand the specific factors driving these changes and evaluate the effectiveness of the company's asset management strategies.
Peer comparison
Dec 31, 2023