Celsius Holdings Inc (CELH)
Return on assets (ROA)
| 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 |
| Total assets | US$ in thousands | 1,536,400 | 1,222,070 | 314,018 | 131,290 | 90,382 |
| ROA | 14.76% | -15.32% | 1.25% | 6.49% | 11.03% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $226,801K ÷ $1,536,400K
= 14.76%
Celsius Holdings Inc's return on assets (ROA) has shown fluctuations over the past five years. In 2023, the ROA of 11.85% indicates that the company generated a positive return of 11.85% on its assets. This represents a significant improvement from the negative ROA of -16.27% in 2022. The negative ROA in 2022 suggests that the company incurred losses relative to its assets during that period.
Looking back further, the ROA was 1.25% in 2021 and 6.49% in 2020, showing a relatively stable performance during those years. The highest ROA of 11.03% was achieved in 2019, indicating that the company was able to generate a strong return on its assets that year.
Overall, the recent positive trend in ROA for Celsius Holdings Inc in 2023 is a promising sign of improved asset utilization and profitability. However, it is essential to monitor the company's performance consistently to ensure sustained profitability and efficiency in utilizing its assets effectively.
Peer comparison
Dec 31, 2023