Monster Beverage Corp (MNST)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,079,410 | 6,273,310 | 5,542,050 | 4,587,750 | 4,196,920 |
| Property, plant and equipment | US$ in thousands | 890,796 | 516,897 | 313,753 | 314,656 | 298,640 |
| Fixed asset turnover | 7.95 | 12.14 | 17.66 | 14.58 | 14.05 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $7,079,410K ÷ $890,796K
= 7.95
Monster Beverage Corp.'s fixed asset turnover has seen fluctuations over the past five years. In 2023, the company had a fixed asset turnover of 8.02, indicating that it generated $8.02 in sales for every dollar invested in fixed assets. This represents a decrease from the previous year's ratio of 12.21. Despite the decline, the company's fixed asset turnover remains relatively high compared to earlier years, suggesting that Monster Beverage is utilizing its fixed assets efficiently to generate sales. Further analysis is needed to understand the factors influencing this trend and to assess the company's overall asset management performance.
Peer comparison
Dec 31, 2023