Celsius Holdings Inc (CELH)
Working capital 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 current assets | US$ in thousands | 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 | 51,509 | 48,942 | 32,563 | 32,620 |
| Total current liabilities | US$ in thousands | 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 | 26,683 | 11,073 | 9,356 | 9,231 |
| Working capital turnover | 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 | 3.03 | 1.74 | 2.67 | 2.35 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,318,014K ÷ ($1,204,900K – $276,613K)
= 1.42
The working capital turnover of Celsius Holdings Inc has fluctuated over the past eight quarters. The ratio indicates how efficiently the company is utilizing its working capital to generate sales.
In the most recent quarter, Q4 2023, the working capital turnover was 1.42, which means that for every dollar of working capital invested, the company generated $1.42 in sales. This represents an improvement compared to the previous quarter, Q3 2023, where the ratio was 1.31.
Looking further back, the working capital turnover has generally been increasing since Q1 2022, when it was at 2.13. However, there was a significant dip in Q4 2022 to 0.86 before recovering in the following quarters.
Overall, the trend suggests that Celsius Holdings Inc has been more efficient in using its working capital to generate sales, with some fluctuations along the way. Further analysis of the company's financial performance and working capital management practices would provide a more comprehensive understanding of this metric.
Peer comparison
Dec 31, 2023