Monster Beverage Corp (MNST)

Days of inventory on hand (DOH)

		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
Inventory turnover		4.18	4.39	4.48	4.18	3.98	4.18	3.88	3.88	5.01	5.83	6.91	6.67	7.08	7.22	6.60	6.40	6.09	7.11	7.36	7.16
DOH	days	87.40	83.07	81.41	87.41	91.67	87.28	94.12	94.15	72.91	62.60	52.83	54.74	51.59	50.56	55.28	57.00	59.89	51.37	49.62	50.97

December 31, 2023 calculation

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

Monster Beverage Corp.'s days of inventory on hand (DOH) has fluctuated over the past eight quarters. In Q4 2023, the company had 105.97 days of inventory on hand, which increased from the previous quarter. Despite this increase, the current DOH is still lower compared to Q2 and Q1 of 2022 when it peaked at 111.65 days and 113.28 days, respectively. Over the past two years, the company has seen some volatility in its inventory management, with fluctuations in DOH ranging from 96.56 days to 113.28 days. It will be important to monitor the trend in DOH to assess the company's efficiency in managing its inventory levels moving forward.