Celsius Holdings Inc (CELH)
Total asset 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 |
| Total assets | US$ in thousands | 1,766,880 | 1,536,400 | 1,222,070 | 314,018 | 131,290 |
| Total asset turnover | 0.79 | 0.86 | 0.53 | 1.00 | 1.00 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,392,990K ÷ $1,766,880K
= 0.79
Total asset turnover for Celsius Holdings Inc has remained relatively stable around 1.00 in 2020 and 2021. However, a noticeable decline is observed in 2022 to 0.53, indicating that the company is generating less revenue relative to its total assets during that period. The ratio improves slightly in 2023 to 0.86, but remains below the levels seen in the prior years. In 2024, the total asset turnover further decreases to 0.79, suggesting that the efficiency of utilizing its assets to generate sales has declined. Overall, fluctuations in total asset turnover may indicate changes in the company's operational effectiveness and efficiency in generating revenue from its total assets over the years.
Peer comparison
Dec 31, 2024