Monster Beverage (LTS:0K34) Days Inventory : 106.90 (As of Dec. 2023)

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What is Monster Beverage Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Monster Beverage's Average Total Inventories for the three months ended in Dec. 2023 was $927 Mil. Monster Beverage's Cost of Goods Sold for the three months ended in Dec. 2023 was $792 Mil. Hence, Monster Beverage's Days Inventory for the three months ended in Dec. 2023 was 106.90.

The historical rank and industry rank for Monster Beverage's Days Inventory or its related term are showing as below:

LTS:0K34' s Days Inventory Range Over the Past 10 Years
Min: 52.42 Med: 65.97 Max: 104.02
Current: 99.15

During the past 13 years, Monster Beverage's highest Days Inventory was 104.02. The lowest was 52.42. And the median was 65.97.

LTS:0K34's Days Inventory is ranked worse than
74.07% of 108 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 66.165 vs LTS:0K34: 99.15

Monster Beverage's Days Inventory declined from Dec. 2022 (112.63) to Dec. 2023 (106.90).

Inventory Turnover measures how fast the company turns over its inventory within a year. Monster Beverage's Inventory Turnover for the three months ended in Dec. 2023 was 0.85.

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's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.54.

Monster Beverage Days Inventory Historical Data

The historical data trend for Monster Beverage's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Monster Beverage Days Inventory Chart

Monster Beverage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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69.26

67.54

69.50

88.97

104.02

Monster Beverage Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															112.63	104.93	90.84	90.51	106.90

Competitive Comparison of Monster Beverage's Days Inventory

For the Beverages - Non-Alcoholic subindustry, Monster Beverage's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Monster Beverage's Days Inventory Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Monster Beverage's Days Inventory distribution charts can be found below:

* The bar in red indicates where Monster Beverage's Days Inventory falls into.

Monster Beverage Days Inventory Calculation

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

Monster Beverage's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (935.631	+	971.406)	/	2 )	/	3345.821	*	365
=	953.5185					/	3345.821	*	365
=	104.02

Monster Beverage's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (883.582	+	971.406)	/	2 )	/	791.735	*	365 / 4
=	927.494					/	791.735	*	365 / 4
=	106.90

Monster Beverage (LTS:0K34) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Monster Beverage's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	791.735	/	927.494
	=	0.85

2. 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's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	927.494	/	1730.108
	=	0.54

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.

Monster Beverage Days Inventory Related Terms

Thank you for viewing the detailed overview of Monster Beverage's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Monster Beverage (LTS:0K34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Monster Beverage Corp (LTS:0K34) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MNST:USA MNST:Mexico MOB:Germany M1NS34:Brazil MNST:Austria

Address

1 Monster Way, Corona, CA, USA, 92879

Website

https://www.monsterbevcorp.com

Monster Beverage is a leader in the energy drink subsegment of the nonalcoholic beverage market, generating two thirds of revenue in the U.S. and Canada. The well-known Monster trademark includes brands such as Monster Energy, Monster Ultra, Java Monster, and Juice Monster. The firm also owns other energy drink brands, such as Reign, NOS, Burn, and Mother, and brews and distributes beers and flavored malt beverages following the acquisition of a craft brewer in 2022. Monster controls branding and innovation but outsources beverage manufacturing and packaging to copackers and finished goods distribution to bottlers in the global Coca-Cola system (pursuant to a 20-year agreement inked in 2015). Coke is the largest shareholder of Monster with a 19.5% stake.

Monster Beverage (LTS:0K34) Headlines

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