Monster Beverage Corp (MNST)

Return on assets (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
Net income (ttm)	US$ in thousands	1,630,988	1,565,683	1,435,376	1,294,865	1,191,624	1,211,264	1,226,082	1,356,484	1,377,475	1,746,845	1,757,294	1,664,901	1,628,542	1,548,626	1,499,895	1,480,999	1,463,649	1,405,082	1,373,892	1,351,535
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
ROA		16.84%	16.81%	15.50%	14.64%	14.37%	14.76%	15.00%	16.57%	17.65%	23.45%	24.85%	25.48%	26.26%	27.18%	28.88%	30.34%	28.42%	27.35%	27.02%	29.03%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,630,988K ÷ $9,686,520K
= 16.84%

The return on assets (ROA) for Monster Beverage Corp. has shown a generally positive trend over the past eight quarters. The ROA ranged from 14.37% to 16.84% during this period.

In the most recent quarter, Q4 2023, the ROA was at 16.84%, reflecting an increase from the previous quarters. This suggests that the company is efficiently generating profits relative to its total assets.

Looking at the quarterly ROA figures, there were fluctuations, with some quarters showing slight decreases or increases. For instance, ROA was relatively high in Q1 2022 at 16.57% but then dipped in subsequent quarters before showing an upward trend in the most recent quarters.

Overall, Monster Beverage Corp. has been effectively utilizing its assets to generate returns for its shareholders, as indicated by the improving trend in ROA over the past year. This metric is important for investors and analysts as it provides insight into the company's ability to generate profits from its assets. Moving forward, monitoring the ROA will be crucial to assessing the company's efficiency and profitability.