Monster Beverage Corp (MNST)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	1,509,048	1,605,316	1,687,091	1,675,593	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	1,527,897	1,538,346	1,445,953	1,409,594	1,192,812	1,144,081	1,125,185
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
ROA		19.55%	19.93%	20.93%	16.59%	16.84%	16.81%	15.50%	14.64%	14.37%	14.76%	15.00%	16.57%	17.65%	20.51%	21.75%	22.13%	22.73%	20.94%	22.03%	23.05%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,509,048K ÷ $7,719,090K
= 19.55%

Monster Beverage Corp's return on assets (ROA) has exhibited fluctuations over the periods provided. The ROA was relatively high at around 22% in the first quarter of 2020, indicating efficient utilization of assets to generate profits. However, the ROA gradually declined to around 15% by the second quarter of 2022, suggesting a decrease in the company's profitability relative to its asset base.

From the second half of 2022 to the end of 2024, there was a mixed trend in ROA, with some fluctuations but generally maintaining a range between 14% to 20%. This indicates some variability in the company's ability to generate returns from its assets during this period.

Overall, the ROA trend suggests that while Monster Beverage Corp has experienced periods of strong asset efficiency and profitability, there have also been periods of lower returns relative to the asset base. Monitoring ROA over time can provide insights into the company's operational efficiency and effectiveness in generating profits from its assets.