Monster Beverage Corp (MNST)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,630,990 | 1,191,620 | 1,377,480 | 1,409,590 | 1,107,840 |
| Total assets | US$ in thousands | 9,686,520 | 8,293,100 | 7,804,780 | 6,202,720 | 5,150,350 |
| ROA | 16.84% | 14.37% | 17.65% | 22.73% | 21.51% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,630,990K ÷ $9,686,520K
= 16.84%
Monster Beverage Corp.'s return on assets (ROA) has fluctuated over the past five years. In 2023, the ROA was 16.84%, showing a slight increase from 2022 but a decrease from 2021. This indicates that the company generated $0.1684 in net income for every dollar of assets held during the year. The ROA in 2023 remains relatively strong, although it is not at the peak levels seen in 2020 and 2019. Overall, Monster Beverage Corp. has historically been able to efficiently utilize its assets to generate profits, but the recent fluctuations in ROA suggest a need for further investigation into the company's operational efficiency and profitability drivers.
Peer comparison
Dec 31, 2023