Switch to:

Monster Beverage Return-on-Tangible-Asset

: 45.50% (As of Sep. 2020)
View and export this data going back to 1995. Start your Free Trial

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Monster Beverage's annualized Net Income for the quarter that ended in Sep. 2020 was $1,391 Mil. Monster Beverage's average total tangible assets for the quarter that ended in Sep. 2020 was $3,057 Mil. Therefore, Monster Beverage's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2020 was 45.50%.

NAS:MNST' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 19.01   Med: 29.22   Max: 45.07
Current: 42.19
19.01
45.07

During the past 13 years, Monster Beverage's highest Return-on-Tangible-Asset was 45.07%. The lowest was 19.01%. And the median was 29.22%.

NAS:MNST's Return-on-Tangible-Asset is ranked higher than
98% of the 96 Companies
in the Beverages - Non-Alcoholic industry.

( Industry Median: 5.00 vs. NAS:MNST: 42.19 )

Monster Beverage Return-on-Tangible-Asset Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Monster Beverage Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.01 25.22 38.95 43.41 45.07

Monster Beverage Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.76 36.92 42.38 46.97 45.50
Competitive Comparison
* 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.

Monster Beverage Return-on-Tangible-Asset Distribution

* The bar in red indicates where Monster Beverage's Return-on-Tangible-Asset falls into.


Monster Beverage Return-on-Tangible-Asset Calculation

Monster Beverage's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2019 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2019 )  (A: Dec. 2018 )(A: Dec. 2019 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2019 )  (A: Dec. 2018 )(A: Dec. 2019 )
=1107.835/( (2149.37+2766.604)/ 2 )
=1107.835/2457.987
=45.07 %

Monster Beverage's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2020 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2020 )  (Q: Jun. 2020 )(Q: Sep. 2020 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2020 )  (Q: Jun. 2020 )(Q: Sep. 2020 )
=1390.616/( (2806.626+3306.503)/ 2 )
=1390.616/3056.5645
=45.50 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Sep. 2020) net income data.

Monster Beverage  (NAS:MNST) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.

Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.

Monster Beverage Return-on-Tangible-Asset Related Terms

Monster Beverage Return-on-Tangible-Asset Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)