Monster Beverage Corp (MNST)

Total asset 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
Total assets	US$ in thousands	9,686,520	9,314,340	9,263,340	8,844,360	8,293,100	8,204,800	8,175,010	8,187,460	7,804,780	7,449,410	7,071,540	6,534,370	6,202,720	5,697,680	5,193,810	4,881,500	5,150,350	5,137,370	5,084,330	4,655,850
Total asset turnover		0.73	0.74	0.72	0.73	0.76	0.76	0.74	0.71	0.71	0.71	0.73	0.73	0.74	0.78	0.83	0.88	0.82	0.80	0.78	1.06

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,079,110K ÷ $9,686,520K
= 0.73

Monster Beverage Corp.'s total asset turnover ratio over the past eight quarters has ranged between 0.71 and 0.76, indicating that, on average, the company generates $0.71 to $0.76 in revenue for every $1 of total assets.

The consistent range of this ratio suggests that the company has been fairly efficient in utilizing its assets to generate sales. However, the slight fluctuations in the ratio over the quarters may signal changes in operational efficiency or changes in the company's asset base.

Overall, the average total asset turnover of around 0.74 indicates that Monster Beverage Corp. is effectively utilizing its assets to drive revenue generation, although further analysis of the company's operations and financial health would be necessary to provide a more in-depth assessment.