Celsius Holdings Inc (CELH)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 633,139 | 545,901 | 430,469 | 330,794 | 270,870 | 233,510 | 192,553 | 161,483 | 128,168 | 103,946 | 83,787 | 68,551 | 60,974 | 53,641 | 44,729 | 38,582 | 31,301 | 26,653 | 24,901 | 22,017 |
| 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 |
| Gross profit margin | 48.04% | 47.53% | 45.22% | 42.40% | 41.44% | 40.27% | 39.57% | 40.61% | 40.78% | 42.31% | 44.66% | 44.93% | 46.64% | 45.01% | 43.53% | 43.43% | 41.65% | 40.56% | 40.26% | 40.01% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $633,139K ÷ $1,318,014K
= 48.04%
Celsius Holdings Inc has shown a consistent improvement in its gross profit margin over the past eight quarters. The gross profit margin has steadily increased from 40.61% in Q1 2022 to 48.04% in Q4 2023. This upward trend indicates that the company has been effectively managing its production costs and optimizing its pricing strategies. The increasing gross profit margin suggests that Celsius Holdings Inc has been able to generate more revenue relative to its cost of goods sold, which is a positive sign of operational efficiency and profitability. Overall, the sustained improvement in the gross profit margin highlights the company's ability to enhance its financial performance and create value for its shareholders.
Peer comparison
Dec 31, 2023