Monster Beverage Corp (MNST)
Total 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 |
| Total assets | US$ in thousands | 9,686,520 | 8,293,100 | 7,804,780 | 6,202,720 | 5,150,350 |
| Total asset turnover | 0.73 | 0.76 | 0.71 | 0.74 | 0.81 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,079,410K ÷ $9,686,520K
= 0.73
Monster Beverage Corp.'s total asset turnover has exhibited some fluctuations over the past five years. The ratio peaked in 2019 at 0.82 before experiencing a decline in subsequent years. In 2023, the total asset turnover stands at 0.74, showing a slight decrease from the previous year. This ratio indicates that the company generated $0.74 in revenue for every dollar of total assets in 2023. While the recent trend suggests a somewhat lower efficiency in utilizing its assets to generate sales compared to previous years, further analysis and comparison with industry peers are necessary to fully assess Monster Beverage Corp.'s performance in this aspect.
Peer comparison
Dec 31, 2023