Monster Beverage (LTS:0K34) Days Payable : 54.89 (As of Sep. 2024)

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What is Monster Beverage Days Payable?

Monster Beverage's average Accounts Payable for the three months ended in Sep. 2024 was $530 Mil. Monster Beverage's Cost of Goods Sold for the three months ended in Sep. 2024 was $881 Mil. Hence, Monster Beverage's Days Payable for the three months ended in Sep. 2024 was 54.89.

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

LTS:0K34' s Days Payable Range Over the Past 10 Years
Min: 40.07 Med: 55.3 Max: 65.09
Current: 57.49

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.

LTS:0K34's Days Payable is ranked worse than
52.29% of 109 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 59.57 vs LTS:0K34: 57.49

Monster Beverage's Days Payable declined from Sep. 2023 (57.98) to Sep. 2024 (54.89). It may suggest that Monster Beverage accelerated 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 Days Payable Chart

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
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															57.98	63.64	57.46	54.11	54.89

Competitive Comparison of Monster Beverage's Days Payable

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's Days Payable Distribution in the Beverages - Non-Alcoholic Industry

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 Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (511.137	+	549.028)	/	2 )	/	881.174	*	365 / 4
=	530.0825					/	881.174	*	365 / 4
=	54.89

Monster Beverage Days Payable Related Terms

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Monster Beverage Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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

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 US 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, Bang 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 Headlines

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