Monster Beverage (Monster Beverage) Days Payable

: 63.64 (As of Dec. 2023)

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Monster Beverage's average Accounts Payable for the three months ended in Dec. 2023 was $552 Mil. Monster Beverage's Cost of Goods Sold for the three months ended in Dec. 2023 was $792 Mil. Hence, Monster Beverage's Days Payable for the three months ended in Dec. 2023 was 63.64.

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

MNST' s Days Payable Range Over the Past 10 Years
Min: 40.07 Med: 55.3 Max: 65.09
Current: 56.91

During the past 13 years, Monster Beverage's highest Days Payable was 65.09. The lowest was 40.07. And the median was 55.30.

MNST's Days Payable is ranked worse than
54.63% of 108 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 59.3 vs MNST: 56.91

Monster Beverage's Days Payable increased from Dec. 2022 (60.39) to Dec. 2023 (63.64). It may suggest that Monster Beverage delayed paying its suppliers.

Monster Beverage Days Payable Historical Data

The historical data trend for Monster Beverage's Days Payable 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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56.72

55.57

52.59

49.37

55.02

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 Payable	Get a 7-Day Free Trial															60.39	53.28	54.90	57.98	63.64

Competitive Comparison

For the Beverages - Non-Alcoholic subindustry, Monster Beverage's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable Distribution

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

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

Monster Beverage Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (444.265	+	564.379)	/	2 )	/	3345.821	*	365
=	504.322					/	3345.821	*	365
=	55.02

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (539.892	+	564.379)	/	2 )	/	791.735	*	365 / 4
=	552.1355					/	791.735	*	365 / 4
=	63.64

Monster Beverage Days Payable Related Terms

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Monster Beverage (Monster Beverage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Monster Beverage Corp (NAS:MNST) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MNST:Mexico MOB:Germany MOB:Germany 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.

Executives

Guy Carling	officer: President of EMEA	1 MONSTER WAY, CORONA CA 92879
Thomas J Kelly	officer: VP-Hansen Beverage Company	MONSTER BEVERAGE CORPORATION, 1 MONSTER WAY, CORONA CA 92879
Mark Vidergauz	director	C/O MONSTER BEVERAGE CORPORATION, 1 MONSTER WAY, CORONA CA 92879
Ana Demel	director	1 MONSTER WAY, CORONA CA 92879
Mark J Hall	officer: Senior VP, Hansen Bev Co	MONSTER BEVERAGE CORPORATION, 1 MONSTER WAY, CORONA CA 92879
James L Dinkins	director	C/O THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
Steven G Pizula	director	1 MONSTER WAY, CORONA CA 92879
Emelie Tirre	officer: President of the Americas	1 MONSTER WAY, CORONA CA 92879
Gary P Fayard	director	ONE COCA COLA PLAZA, ATLANTA GA 30313
Tiffany M. Hall	director	1 MONSTER WAY, CORONA CA 92879
Jeanne P Jackson	director	537 NEWPORT CENTER DRIVE, #306, NEWPORT BEACH CA 92660
Hilton H Schlosberg	director, officer: Vice Chairman and President	C/O MONSTER BEVERAGE CORP, 1 MONSTER WAY, CORONA CA 92879
Rodney C Sacks	director, officer: Chairman and CEO	C/O HANSEN NATURAL CORP, 550 MONICA CIRCLE, SUITE 201, CORONA CA 92880
Sydney Selati	director	1 MONSTER WAY, CORONA CA 92879
Benjamin Polk	director	C/O MONSTER BEVERAGE CORPORATION, 1 MONSTER WAY, CORONA CA 92879