Celsius Holdings Inc (CELH)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 266,366 | 174,677 | -70,619 | -123,002 | -157,799 | -122,191 | 17,223 | 5,211 | -4,092 | -5,771 | 6,927 | 7,757 | 7,912 | 5,407 | 2,398 | 21 | -1,449 | -534 | -6,127 | -8,305 |
| Total assets | US$ in thousands | 1,536,400 | 1,545,620 | 1,399,250 | 1,292,270 | 1,222,070 | 1,327,650 | 349,638 | 343,924 | 314,018 | 294,978 | 241,548 | 148,178 | 131,290 | 128,099 | 98,899 | 94,928 | 90,382 | 74,422 | 43,637 | 43,968 |
| Operating ROA | 17.34% | 11.30% | -5.05% | -9.52% | -12.91% | -9.20% | 4.93% | 1.52% | -1.30% | -1.96% | 2.87% | 5.23% | 6.03% | 4.22% | 2.42% | 0.02% | -1.60% | -0.72% | -14.04% | -18.89% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $266,366K ÷ $1,536,400K
= 17.34%
Operating return on assets (ROA) measures a company's operating income generated per dollar of assets employed. Analyzing Celsius Holdings Inc's operating ROA over the past eight quarters reveals fluctuations in the company's efficiency in utilizing its assets to generate operating income.
In Q4 2023, the operating ROA stood at 17.34%, marking a significant improvement from the previous quarter which had an operating ROA of 11.30%. This increase indicates that Celsius Holdings Inc was able to generate higher operating income relative to its total assets in the most recent quarter.
However, looking back over the past year, the company's operating ROA has exhibited volatility. In Q2 2023 and Q1 2023, the operating ROA was negative at -5.05% and -9.52% respectively. This suggests that Celsius Holdings Inc faced challenges in efficiently utilizing its assets to generate operating income during these periods.
Comparing the latest quarter to the same period in the previous year, the company has made substantial progress. Q4 2023's operating ROA of 17.34% represents a notable improvement from the operating ROA of -12.91% in Q4 2022. This positive trend indicates that Celsius Holdings Inc has become more effective in converting its assets into operating income over the past year.
Overall, an upward trend in operating ROA, as seen in Q4 2023, signifies improved operational efficiency and profitability for Celsius Holdings Inc. However, the company should continue to closely monitor and manage its asset utilization to sustain and enhance its financial performance in the future.
Peer comparison
Dec 31, 2023