Celsius Holdings Inc (CELH)
Total asset 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 |
| Total assets | US$ in thousands | 1,766,880 | 1,704,320 | 1,718,890 | 1,646,140 | 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 |
| Total asset turnover | 0.77 | 0.80 | 0.87 | 0.86 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,362,097K ÷ $1,766,880K
= 0.77
Total asset turnover is a financial ratio that measures the efficiency of a company in generating sales revenue from its assets. In the case of Celsius Holdings Inc, the total asset turnover has fluctuated over the period from March 31, 2020, to December 31, 2024.
The company's total asset turnover started at 0.94 in March 2020 and showed an increasing trend, reaching a peak of 1.39 in June 2022. This indicates that Celsius Holdings Inc was generating $1.39 in sales for every $1 of assets invested during that period. However, the ratio then experienced a significant decline, dropping to 0.44 by September 30, 2022, before slowly recovering to 0.77 by December 31, 2024.
The fluctuation in total asset turnover may suggest changes in the company's efficiency in utilizing its assets to generate revenue. A higher ratio indicates better asset utilization, while a lower ratio may signal inefficiencies in asset management or a slowdown in revenue generation relative to the assets employed.
It would be important for stakeholders to closely monitor the total asset turnover ratio to assess changes in Celsius Holdings Inc's asset utilization efficiency and overall financial performance. Further analysis and comparison with industry benchmarks can provide deeper insights into the company's operational efficiency and effectiveness in utilizing its assets.
Peer comparison
Dec 31, 2024