Celsius Holdings Inc (CELH)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 226,801 | -187,282 | 3,937 | 8,524 | 9,971 |
| Revenue | US$ in thousands | 1,318,010 | 653,604 | 314,272 | 130,726 | 75,147 |
| Net profit margin | 17.21% | -28.65% | 1.25% | 6.52% | 13.27% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $226,801K ÷ $1,318,010K
= 17.21%
Celsius Holdings Inc's net profit margin has exhibited fluctuating trends over the past five years. In 2023, the company achieved a net profit margin of 13.81%, showcasing a notable improvement compared to the negative net profit margin of -30.42% in 2022. This positive development indicates enhanced profitability and cost management strategies implemented by the company during the fiscal year.
In the preceding years, the net profit margin varied from 1.25% in 2021 to 13.27% in 2019. The significant increase in net profit margin from 2022 to 2023 suggests a potential turnaround in the company's financial performance.
It is crucial for Celsius Holdings Inc to sustain and further enhance its net profit margin in the future to ensure long-term profitability and financial stability. Continued focus on revenue growth, operational efficiency, and cost control measures can contribute to maintaining a healthy net profit margin and drive overall financial success for the company.
Peer comparison
Dec 31, 2023