Monster Beverage Corp (MNST)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	7,492,710	7,410,780	7,385,840	7,340,200	7,140,030	6,922,850	6,691,110	6,491,410	6,311,050	6,223,160	6,009,430	5,816,100	5,541,350	5,312,590	5,148,390	4,780,360	4,598,640	4,419,570	4,306,790	4,316,930
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	576,645	545,922	516,897	485,550	464,541	407,391	313,753	309,574	309,178	312,155	314,656	304,687	301,946	295,570
Fixed asset turnover		—	—	—	—	—	—	11.60	11.89	12.21	12.82	12.94	14.28	17.66	17.16	16.65	15.31	14.61	14.51	14.26	14.61

December 31, 2024 calculation

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

Monster Beverage Corp's fixed asset turnover ratio has shown a generally increasing trend over the past few years, peaking at 17.66 as of December 31, 2021. This indicates that the company is generating more revenue for each dollar invested in fixed assets during that period. However, there has been a notable decline in the fixed asset turnover ratio since then, with the ratio dropping to 11.60 as of June 30, 2023. This decrease may suggest potential inefficiencies in utilizing fixed assets to generate sales.

It is important to monitor the fixed asset turnover ratio closely to assess the company's ability to efficiently utilize its fixed assets to generate revenue. Factors such as changes in operational efficiency, asset utilization, and overall business performance can influence this ratio. Further analysis and comparison with industry benchmarks may provide insights into Monster Beverage Corp's operational efficiency and asset management practices.