Monster Beverage (BSP:M1NS34) ROCE % : 28.40% (As of Sep. 2024)

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What is Monster Beverage ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Monster Beverage's annualized ROCE % for the quarter that ended in Sep. 2024 was 28.40%.

Monster Beverage ROCE % Historical Data

The historical data trend for Monster Beverage's ROCE % 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 ROCE % Chart

Monster Beverage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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34.20

36.15

30.46

21.61

23.92

Monster Beverage Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															25.37	20.76	25.13	27.93	28.40

Monster Beverage ROCE % Calculation

Monster Beverage's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	9571.049	/	( ( (43500.653 - 5255.775)	+	(47462.02 - 5692.044) )	/ 2 )
	=	9571.049	/	( (38244.878	+	41769.976)	/ 2 )
	=	9571.049	/	40007.427
	=	23.92 %

Monster Beverage's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	10630.716	/	( ( (43416.835 - 6250.693)	+	(44597.57 - 6895.358) )	/ 2 )
	=	10630.716	/	( ( 37166.142	+	37702.212 )	/ 2 )
	=	10630.716	/	37434.177
	=	28.40 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Monster Beverage (BSP:M1NS34) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Monster Beverage ROCE % Related Terms

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Monster Beverage Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MNST:USA MNST:Mexico 0K34:UK MOB:Germany MOB:Germany MOB:Germany

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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