Monster Beverage Corp (MNST)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		4.18	3.98	5.01	7.08	6.09
DOH	days	87.40	91.67	72.88	51.58	59.89

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.18
= 87.40

Monster Beverage Corp.'s days of inventory on hand (DOH) has been fluctuating over the past five years. In 2023, the company had an average of 105.97 days of inventory on hand, a slight decrease from the 108.88 days in 2022. This indicates that the company held inventory for a little over three months on average in 2023 before selling it.

Comparing this to previous years, the company had a higher DOH in 2022 and 2021 compared to 2020 and 2019. This could suggest potential inefficiencies in managing inventory levels or changes in demand patterns. In 2020, the DOH was notably lower at 64.85 days, implying a more efficient inventory turnover process during that period.

Overall, the trend in Monster Beverage Corp.'s DOH indicates variability in inventory management practices over the years. Further analysis of the company's operations, supply chain management, and market conditions would provide more insights into the factors impacting its inventory turnover efficiency.