Celsius Holdings Inc (CELH)
Working capital 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 current assets | US$ in thousands | 1,324,580 | 1,363,470 | 1,384,990 | 1,315,020 | 1,204,900 | 1,215,150 | 1,072,260 | 993,111 | 917,971 | 1,027,020 | 303,728 | 298,208 | 262,361 | 252,562 | 205,306 | 112,218 | 93,151 | 90,941 | 61,901 | 56,662 |
| Total current liabilities | US$ in thousands | 365,535 | 289,460 | 312,984 | 315,269 | 276,613 | 335,517 | 269,225 | 191,731 | 161,295 | 271,293 | 105,834 | 111,751 | 93,124 | 93,421 | 54,257 | 38,643 | 26,365 | 28,772 | 30,076 | 29,233 |
| Working capital turnover | 1.42 | 1.28 | 1.39 | 1.41 | 1.42 | 1.31 | 1.19 | 0.97 | 0.86 | 0.77 | 2.46 | 2.13 | 1.86 | 1.54 | 1.24 | 2.07 | 1.96 | 1.92 | 3.23 | 3.24 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,362,097K ÷ ($1,324,580K – $365,535K)
= 1.42
The working capital turnover ratio of Celsius Holdings Inc has shown fluctuations over the past few years. In the most recent period of December 31, 2024, the working capital turnover ratio stood at 1.42. This indicates that for every $1 of working capital invested, the company generated $1.42 in revenue.
Analyzing the trend, we observe that the working capital turnover ratio peaked at 3.24 on March 31, 2020, which suggests that the company efficiently utilized its working capital to generate revenue during that period. However, the ratio declined in the subsequent quarters, reaching a low of 0.77 on September 30, 2022. This significant drop may imply inefficiencies in managing working capital and generating revenue during that period.
Subsequently, the ratio exhibited a slight recovery and hovered around the range of 1.0 to 2.5 in the following quarters, indicating varying levels of efficiency in utilizing working capital to generate revenue. It is essential for the company to closely monitor its working capital turnover ratio to ensure optimal utilization of resources and sustainable revenue generation in the future.
Peer comparison
Dec 31, 2024