Monster Beverage Corp (MNST)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		4.67	4.45	4.10	3.64	3.44	3.72	3.78	3.52	3.35	3.55	3.27	3.22	4.10	4.84	5.67	5.37	5.63	5.57	5.07	4.92
DOH	days	78.12	82.07	89.13	100.38	105.97	98.24	96.56	103.56	108.88	102.76	111.65	113.28	89.02	75.46	64.42	67.96	64.85	65.57	72.00	74.13

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 some fluctuations over the years. The DOH was relatively stable around 60-70 days from March 2020 to September 2021, indicating the company typically held inventory for about 2-3 months. However, there was a noticeable increase in DOH from December 2021 to March 2022, reaching a peak of 113.28 days, suggesting a significant increase in the time it takes to convert inventory into sales.

Subsequently, there was a gradual decrease in DOH from June 2022 to December 2024, indicating improved inventory management efficiency. The DOH ranged from around 80-100 days during this period, showing that Monster Beverage Corp was able to reduce the number of days required to sell its inventory.

Overall, fluctuations in DOH can provide insights into the company's inventory management practices and efficiency in controlling inventory levels. Investors and analysts may monitor these trends to assess operational performance and potential risks related to inventory management.