Monster Beverage (BSP:M1NS34) Receivables Turnover : 1.42 (As of Dec. 2023)

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What is Monster Beverage Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Monster Beverage's Revenue for the three months ended in Dec. 2023 was R$8,477 Mil. Monster Beverage's average Accounts Receivable for the three months ended in Dec. 2023 was R$5,965 Mil. Hence, Monster Beverage's Receivables Turnover for the three months ended in Dec. 2023 was 1.42.

Monster Beverage Receivables Turnover Historical Data

The historical data trend for Monster Beverage's Receivables Turnover 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 Receivables Turnover Chart

Monster Beverage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.41

8.38

7.38

6.37

6.26

Monster Beverage Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.46	1.53	1.42	1.46	1.42

Competitive Comparison of Monster Beverage's Receivables Turnover

For the Beverages - Non-Alcoholic subindustry, Monster Beverage's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover Distribution in the Beverages - Non-Alcoholic Industry

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

* The bar in red indicates where Monster Beverage's Receivables Turnover falls into.

Monster Beverage Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

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

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	34984.704	/ (	(5330.391	+	5850.185)	/	2 )
=	34984.704	/	5590.288
=	6.26

Monster Beverage's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	8477.183	/ (	(6080.468	+	5850.185)	/	2 )
=	8477.183	/	5965.3265
=	1.42

Monster Beverage (BSP:M1NS34) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Monster Beverage Receivables Turnover Related Terms

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Monster Beverage (BSP:M1NS34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Monster Beverage Corp (BSP:M1NS34) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MNST:USA MNST:Mexico MOB:Germany 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 (BSP:M1NS34) Headlines

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