Monster Beverage Corp (MNST)

Number of days of payables

		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
Payables turnover		7.19	7.19	6.68	7.71	8.39	6.94	6.97	7.26	7.35	6.94	7.29	7.35	7.94	8.18	8.58	7.38	8.02	7.41	7.53	8.04
Number of days of payables	days	50.78	50.76	54.66	47.36	43.53	52.61	52.36	50.25	49.67	52.60	50.07	49.64	45.97	44.63	42.53	49.43	45.50	49.27	48.48	45.37

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.19
= 50.78

The number of days of payables for Monster Beverage Corp. has shown some fluctuations over the past eight quarters. In Q4 2023, the company had an average of 61.57 days of payables, which increased slightly compared to the previous quarter. The trend over the past year indicates some variability in the payment cycle, with Q2 2023 recording the highest number of days of payables at 64.84 days. Overall, the company appears to be taking about 60-65 days on average to pay its creditors, with Q1 2023 showing the lowest number of days at 56.11. This trend suggests that Monster Beverage Corp. may have been managing its trade credit terms conservatively.