Monster Beverage Corp (MNST)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		4.67	3.44	3.35	4.10	5.63
DOH	days	78.12	105.97	108.88	89.02	64.85

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.67
= 78.12

Monster Beverage Corp's days of inventory on hand (DOH) has shown a fluctuating trend over the past five years. As of December 31, 2020, the company had 64.85 days of inventory on hand, indicating that it took approximately 64.85 days for Monster Beverage Corp to sell its inventory.

By December 31, 2021, the DOH increased to 89.02 days, suggesting a longer period for the company to turn its inventory into sales. This upward trend continued into 2022, with the DOH further rising to 108.88 days, indicating a possible inefficiency in managing and selling inventory.

However, by December 31, 2023, there was a slight decrease in DOH to 105.97 days, although the company still had a significant inventory holding period. By the end of 2024, Monster Beverage Corp managed to reduce its DOH to 78.12 days, possibly indicating improved inventory management practices.

Overall, Monster Beverage Corp's varying DOH figures reflect changes in its inventory turnover efficiency over the years, with the recent decrease in 2024 potentially signaling a positive development in inventory management.