Celsius Holdings Inc (CELH)
Working capital 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 current assets | US$ in thousands | 1,324,580 | 1,204,900 | 917,971 | 262,361 | 93,151 |
| Total current liabilities | US$ in thousands | 365,535 | 276,613 | 161,295 | 93,124 | 26,365 |
| Working capital turnover | 1.45 | 1.42 | 0.86 | 1.86 | 1.96 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,392,990K ÷ ($1,324,580K – $365,535K)
= 1.45
The working capital turnover ratio for Celsius Holdings Inc has exhibited some fluctuations over the past five years. The ratio decreased from 1.96 in 2020 to 1.86 in 2021 and experienced a significant decline to 0.86 in 2022. However, there was a partial recovery as the ratio increased to 1.42 in 2023 and further to 1.45 in 2024.
The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales. A higher ratio indicates better efficiency in managing working capital. The fluctuations in Celsius Holdings Inc's working capital turnover ratio suggest varying levels of efficiency in converting working capital into sales over the years.
It is essential for the company to closely monitor and manage its working capital components, such as inventory, accounts receivable, and accounts payable, to optimize this ratio and improve overall operational efficiency and financial performance.
Peer comparison
Dec 31, 2024