Monster Beverage Corp (MNST)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	7,492,710	7,140,030	6,311,050	5,541,350	4,598,640
Property, plant and equipment	US$ in thousands	—	—	516,897	313,753	314,656
Fixed asset turnover		—	—	12.21	17.66	14.61

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $7,492,710K ÷ $—K
= —

Monster Beverage Corp's fixed asset turnover ratio shows the efficiency of the company in generating revenue from its fixed assets. The trend in the fixed asset turnover ratio over the years indicates how effectively the company is utilizing its fixed assets to generate sales.

In December 2020 and 2021, the fixed asset turnover ratio was 14.61 and 17.66, respectively, reflecting an improvement in asset utilization efficiency. This increase suggests that the company was able to generate more revenue for each dollar invested in fixed assets during these periods.

However, the ratio decreased in December 2022 to 12.21, indicating a decline in the efficiency of utilizing fixed assets to generate sales. It is important for the company to investigate the reasons behind this decrease and take measures to improve asset productivity.

Notably, the data for December 2023 and 2024 is not available, denoted by "—". It is crucial for investors and stakeholders to closely monitor future financial reports to assess any potential changes in the company's fixed asset turnover and its implications for operational efficiency and profitability.