Monster Beverage (Monster Beverage) COGS-to-Revenue

: 0.46 (As of Dec. 2023)

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Monster Beverage's Cost of Goods Sold for the three months ended in Dec. 2023 was $792 Mil. Its Revenue for the three months ended in Dec. 2023 was $1,730 Mil.

Monster Beverage's COGS to Revenue for the three months ended in Dec. 2023 was 0.46.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Monster Beverage's Gross Margin % for the three months ended in Dec. 2023 was 54.24%.

Monster Beverage COGS-to-Revenue Historical Data

The historical data trend for Monster Beverage's COGS-to-Revenue 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

COGS-to-Revenue

0.40

0.41

0.44

0.50

0.47

Monster Beverage Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue																0.48	0.47	0.47	0.47	0.46

Monster Beverage COGS-to-Revenue Calculation

Monster Beverage's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3345.821	/	7140.027
	=	0.47

Monster Beverage's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	791.735	/	1730.108
	=	0.46

Monster Beverage (NAS:MNST) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Monster Beverage's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	791.735 / 1730.108
	=	54.24 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Monster Beverage COGS-to-Revenue 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 » COGS-to-Revenue

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