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Monster Beverage Corp (NAS:MNST)
Days Inventory
57.15 (As of Mar. 2016)

Monster Beverage Corp's average inventory for the three months ended in Mar. 2016 was $161 Mil. Monster Beverage Corp's cost of goods sold for the three months ended in Mar. 2016 was $257 Mil. Hence, Monster Beverage Corp's days inventory for the three months ended in Mar. 2016 was 57.15.

MNST' s Days Inventory Range Over the Past 10 Years
Min: 55.36   Max: 79.07
Current: 57.66

55.36
79.07

During the past 13 years, Monster Beverage Corp's highest Days Inventory was 79.07. The lowest was 55.36. And the median was 70.93.

MNST's Days Inventory is ranked lower than
54% of the 103 Companies
in the Global Beverages - Soft Drinks industry.

( Industry Median: 54.02 vs. MNST: 57.66 )

Monster Beverage Corp's days inventory declined from Mar. 2015 (65.91) to Mar. 2016 (57.15).

Inventory can be measured by Days Sales of Inventory (DSI). Monster Beverage Corp's days sales of inventory (DSI) for the three months ended in Mar. 2016 was 21.60.

Inventory turnover measures how fast the company turns over its inventory within a year. Monster Beverage Corp's inventory turnover for the three months ended in Mar. 2016 was 1.60.

Inventory to revenue ratio determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Monster Beverage Corp's inventory to revenue ratio for the three months ended in Mar. 2016 was 0.24.


Definition

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Monster Beverage Corp's Days Inventory for the fiscal year that ended in Dec. 2015 is calculated as

Days Inventory (A: Dec. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2014 ) + Inventory (A: Dec. 2015 )) / 2 ) / COGS (A: Dec. 2015 )*Days in Period
=( (174.573 + 156.121) / 2 ) / 1090.263*365
=165.347 / 1090.263*365
=55.36

Monster Beverage Corp's Days Inventory for the quarter that ended in Mar. 2016 is calculated as:

Days Inventory (Q: Mar. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Dec. 2015 ) + Inventory (Q: Mar. 2016 )) / 2 ) / COGS (Q: Mar. 2016 )*Days in Period
=( (156.121 + 165.929) / 2 ) / 257.088*365 / 4
=161.025 / 257.088*365 / 4
=57.15

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

Monster Beverage Corp's Days Sales of Inventory for the three months ended in Mar. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=161.025/680.186*365 / 4
=21.60

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Monster Beverage Corp's Inventory Turnover for the three months ended in Mar. 2016 is calculated as

3. Inventory to Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Monster Beverage Corp's Inventory to Revenue for the three months ended in Mar. 2016 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=161.025 / 680.186
=0.24

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Monster Beverage Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysInventory 68.4273.2479.0777.1576.4869.6865.7972.1864.2455.36

Monster Beverage Corp Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysInventory 81.1277.8761.0464.1463.3365.9157.7653.3759.5257.15
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