Celsius Holdings Inc (CELH)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 226,801 | 155,462 | -110,383 | -152,734 | -187,282 | -154,117 | 18,408 | 10,030 | 3,936 | -6,340 | 7,785 | 8,563 | 8,524 | 5,685 | 1,892 | -1,139 | 9,972 | 10,295 | 5,202 | 3,326 |
| 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 |
| ROA | 14.76% | 10.06% | -7.89% | -11.82% | -15.32% | -11.61% | 5.26% | 2.92% | 1.25% | -2.15% | 3.22% | 5.78% | 6.49% | 4.44% | 1.91% | -1.20% | 11.03% | 13.83% | 11.92% | 7.56% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $226,801K ÷ $1,536,400K
= 14.76%
The return on assets (ROA) of Celsius Holdings Inc experienced fluctuations over the past eight quarters. In Q4 2023, the ROA stood at 11.85%, showing a significant improvement compared to the previous quarter's 7.42%. This indicates that the company effectively utilized its assets to generate earnings during this period. However, in Q2 2023 and Q1 2023, the ROA turned negative, at -10.17% and -13.46% respectively, signaling that the company may have struggled to generate profits relative to its asset base during these quarters.
Looking back further, in Q4 2022 and Q3 2022, the ROA remained negative at -16.27% and -13.11% respectively, indicating ongoing challenges in asset utilization and profitability. The company then showed a positive turnaround in Q2 2022 and Q1 2022, with ROA figures of 4.36% and 2.92% respectively, suggesting an improvement in asset efficiency and profitability.
Overall, while the recent increase in ROA in Q4 2023 is a positive sign, the company's ROA performance has been volatile and inconsistent over the past eight quarters. It will be essential for Celsius Holdings Inc to focus on sustaining and enhancing its asset efficiency to ensure long-term profitability and financial stability.
Peer comparison
Dec 31, 2023