Monster Beverage Corp (MNST)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	8,228,740	7,873,150	7,841,460	7,395,360	7,025,040	6,815,760	6,809,180	6,866,670	6,566,950	6,245,000	5,905,500	5,459,440	5,160,860	4,629,320	4,221,540	3,870,950	4,171,280	4,107,980	4,057,590	3,698,820
ROE		19.82%	19.89%	18.30%	17.51%	16.96%	17.77%	18.01%	19.75%	20.98%	27.97%	29.76%	30.50%	31.56%	33.45%	35.53%	38.26%	35.09%	34.20%	33.86%	36.54%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,630,988K ÷ $8,228,740K
= 19.82%

To analyze Monster Beverage Corp.'s return on equity (ROE) over the past eight quarters, we observe a consistent trend of ROE values ranging from 16.96% to 19.89%. The ROE has shown a slight fluctuation with a peak of 19.89% in Q3 2023 and a low of 16.96% in Q4 2022. Overall, the ROE values indicate that Monster Beverage Corp. has been effectively utilizing its equity to generate profits for its shareholders. A higher and stable ROE signifies the company's ability to generate strong returns on the shareholders' investments. The trend suggests that Monster Beverage Corp. has been maintaining a healthy financial performance and efficiency in utilizing its equity to generate earnings throughout the observed period.