Monster Beverage Corp (MNST)

Total 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
Total assets	US$ in thousands	7,719,090	8,053,300	8,060,900	10,098,100	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
Total asset turnover		0.97	0.92	0.92	0.73	0.74	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,492,710K ÷ $7,719,090K
= 0.97

Monster Beverage Corp's total asset turnover has been fluctuating over the past few years. The ratio decreased from 0.88 as of March 31, 2020, to a low of 0.71 by March 31, 2022, indicating that the company generated less in sales for each dollar of assets during this period.

However, there was a slight increase in total asset turnover to 0.76 by December 31, 2022, suggesting a potential improvement in the company's efficiency in utilizing its assets to generate revenue.

The ratio remained fairly stable around 0.73 to 0.74 in the subsequent quarters up to March 31, 2024. Notably, there was a significant increase to 0.97 by December 31, 2024, indicating that Monster Beverage Corp had substantially improved its ability to generate sales relative to its total assets.

Overall, the trend in total asset turnover for Monster Beverage Corp reflects fluctuations followed by a notable improvement towards the end of the period under review.