Celsius Holdings Inc (CELH)
Total asset 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 |
| Total assets | US$ in thousands | 1,536,400 | 1,545,620 | 1,399,250 | 1,292,270 | 1,222,070 | 1,327,650 | 349,638 | 343,924 | 314,018 | 294,978 | 241,548 | 148,178 | 131,290 | 128,099 | 98,899 | 94,928 | 90,382 | 74,422 | 43,637 | 43,968 |
| Total asset turnover | 0.86 | 0.74 | 0.68 | 0.60 | 0.53 | 0.44 | 1.39 | 1.16 | 1.00 | 0.83 | 0.78 | 1.03 | 1.00 | 0.93 | 1.04 | 0.94 | 0.83 | 0.88 | 1.42 | 1.25 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,318,014K ÷ $1,536,400K
= 0.86
Celsius Holdings Inc's total asset turnover has shown fluctuations over the past eight quarters. Total asset turnover is defined as the ratio of net sales to average total assets, indicating how efficiently the company is utilizing its assets to generate revenue.
The trend in the total asset turnover ratio indicates how effectively the company is generating sales from its assets. A higher ratio suggests that the company is efficiently using its assets to generate revenue, while a lower ratio may indicate inefficiencies in asset utilization.
In this case, we observe that the total asset turnover ratio has been increasing from Q1 2022 to Q4 2023, which generally implies improved efficiency in asset utilization. However, the ratio fluctuated throughout the quarters, with some periods showing higher efficiency (e.g., Q2 2022 and Q1 2022) and others showing lower efficiency (e.g., Q4 2022 and Q1 2023).
It is essential for Celsius Holdings Inc to monitor and analyze the total asset turnover ratio continuously to ensure optimal asset utilization and overall operational efficiency. Further investigation into the factors influencing the fluctuations in this ratio may provide insights into the company's operational performance and potential areas for improvement.
Peer comparison
Dec 31, 2023