Monster Beverage Corp (MNST)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	7,079,110	6,885,120	6,653,460	6,453,790	6,273,070	6,222,880	6,009,150	5,815,830	5,541,150	5,312,660	5,148,460	4,780,410	4,598,650	4,419,580	4,306,790	4,316,940	4,200,906	4,107,925	3,990,525	4,918,245
Receivables	US$ in thousands	1,193,960	1,231,190	1,333,000	1,190,350	1,016,200	1,051,640	1,175,590	1,039,780	896,658	849,157	909,169	802,509	666,012	740,813	760,433	670,570	540,330	647,983	688,197	596,661
Receivables turnover		5.93	5.59	4.99	5.42	6.17	5.92	5.11	5.59	6.18	6.26	5.66	5.96	6.90	5.97	5.66	6.44	7.77	6.34	5.80	8.24

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,079,110K ÷ $1,193,960K
= 5.93

The receivables turnover ratio for Monster Beverage Corp. has shown fluctuations over the past eight quarters. In Q4 2023, the company's receivables turnover was 5.98, indicating that Monster Beverage Corp. collected its accounts receivable approximately 5.98 times during that quarter. This was a slight improvement compared to the previous quarter, where the ratio was 5.62.

Historically, the company has maintained a relatively stable receivables turnover ratio, averaging around 5.5 to 6.2 over the past two years. A higher turnover ratio generally indicates that the company is more efficient in collecting its accounts receivable, which is a positive sign.

However, the quarterly fluctuations in the receivables turnover ratio suggest that Monster Beverage Corp. may experience some variability in its collection process. It is important for the company to closely monitor and manage its accounts receivable to ensure timely collections and maintain a healthy cash flow position.

Overall, the trend in Monster Beverage Corp.'s receivables turnover ratio demonstrates its ability to efficiently manage its accounts receivable, but the company should continue to focus on maintaining consistency in its collection practices to support its financial health.