Monster Beverage Corp (MNST)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,953,355 | 1,913,748 | 1,821,151 | 1,670,297 | 1,584,722 | 1,603,250 | 1,629,784 | 1,782,808 | 1,797,465 | 1,786,886 | 1,801,023 | 1,682,312 | 1,633,154 | 1,547,898 | 1,484,740 | 1,456,466 | 1,402,939 | 1,392,405 | 1,336,535 | 1,315,166 |
| 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 |
| Operating ROA | 20.17% | 20.55% | 19.66% | 18.89% | 19.11% | 19.54% | 19.94% | 21.77% | 23.03% | 23.99% | 25.47% | 25.75% | 26.33% | 27.17% | 28.59% | 29.84% | 27.24% | 27.10% | 26.29% | 28.25% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,953,355K ÷ $9,686,520K
= 20.17%
Operating return on assets (ROA) measures the efficiency of Monster Beverage Corp. in generating operating profits relative to its total assets. Over the past eight quarters, Monster Beverage Corp. has shown relatively stable operating ROA figures, ranging between 18.89% to 21.77%.
The trend in operating ROA indicates that the company has been able to maintain a consistent level of profitability relative to its asset base. A higher operating ROA suggests that Monster Beverage Corp. is effectively utilizing its assets to generate operating income.
However, it is important to note that operating ROA is just one measure of financial performance, and should be considered alongside other financial ratios and key performance indicators to provide a comprehensive analysis of the company's overall financial health and operational efficiency.
Peer comparison
Dec 31, 2023