Return on Assets (ROA)
since 2005
Calculation
Monster Beverage Corp., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 16.84% | = | 100 | × | 1,630,988) | ÷ | 9,686,522) |
| Dec 31, 2022 | 14.37% | = | 100 | × | 1,191,624) | ÷ | 8,293,105) |
| Dec 31, 2021 | 17.65% | = | 100 | × | 1,377,475) | ÷ | 7,804,784) |
| Dec 31, 2020 | 22.73% | = | 100 | × | 1,409,594) | ÷ | 6,202,716) |
| Dec 31, 2019 | 21.51% | = | 100 | × | 1,107,835) | ÷ | 5,150,352) |
| Dec 31, 2018 | 21.94% | = | 100 | × | 993,004) | ÷ | 4,526,891) |
| Dec 31, 2017 | 17.13% | = | 100 | × | 820,678) | ÷ | 4,791,012) |
| Dec 31, 2016 | 17.16% | = | 100 | × | 712,685) | ÷ | 4,153,471) |
| Dec 31, 2015 | 9.63% | = | 100 | × | 546,733) | ÷ | 5,675,189) |
| Dec 31, 2014 | 24.92% | = | 100 | × | 483,185) | ÷ | 1,938,875) |
| Dec 31, 2013 | 23.84% | = | 100 | × | 338,661) | ÷ | 1,420,509) |
| Dec 31, 2012 | 32.59% | = | 100 | × | 340,020) | ÷ | 1,043,325) |
| Dec 31, 2011 | 21.01% | = | 100 | × | 286,219) | ÷ | 1,362,399) |
| Dec 31, 2010 | 19.59% | = | 100 | × | 212,029) | ÷ | 1,082,131) |
| Dec 31, 2009 | 26.09% | = | 100 | × | 208,716) | ÷ | 800,070) |
| Dec 31, 2008 | 14.18% | = | 100 | × | 108,032) | ÷ | 761,837) |
| Dec 31, 2007 | 27.43% | = | 100 | × | 149,406) | ÷ | 544,603) |
| Dec 31, 2006 | 31.76% | = | 100 | × | 97,949) | ÷ | 308,372) |
| Dec 31, 2005 | 38.30% | = | 100 | × | 62,775) | ÷ | 163,890) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
- Net Income Trends
- Net income showed a general upward trajectory over the analyzed period. Beginning at 62,775 thousand USD, net income rose substantially, peaking multiple times, with marked increases in 2007, 2014, and a major climb post-2015. The highest value was reported in 2023, reaching 1,630,988 thousand USD. Despite this growth, there were occasional decreases such as in 2008 and a slight dip in 2022 compared to the previous year, indicating some volatility in profitability.
- Total Assets Trends
- Total assets increased significantly from 163,890 thousand USD in 2005 to 9,686,522 thousand USD in 2023. This reflects strong asset growth overall, although there were some fluctuations, notably a drop in 2012 and a decline from 2014 to 2016 before resuming steady growth. The pronounced asset rise particularly after 2013 suggests active investments or acquisition activities in those years, enhancing the company’s asset base.
- Return on Assets (ROA) Analysis
- ROA exhibited considerable variability across the years, starting at a high 38.3% in 2005 and then generally declining with intermittent recoveries. Notable dips occurred in 2008 and 2015, with a low point at 9.63% in 2014, followed by recovery to levels above 20% around 2013 and 2018-2020. In recent years, ROA declined again to under 17%, suggesting that despite asset growth and increased net income, efficiency in asset utilization to generate earnings has diminished somewhat.
- Overall Financial Performance Insights
- The data reflects substantial financial growth in terms of income and asset base. Net income and total assets both increased markedly over the period, demonstrating expansion and improved scale. However, the declining or fluctuating ROA highlights challenges in maintaining consistent asset efficiency. This may imply that while the company is growing larger and more profitable in absolute terms, it faces challenges optimizing asset use to sustain high relative returns.
Comparison to Competitors
Monster Beverage Corp., ROA, long-term trends, comparison to competitors
| Monster Beverage Corp. | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 16.84% | 10.97% | 6.95% | 9.03% | 11.96% |
| Dec 31, 2022 | 14.37% | 10.29% | 3.82% | 9.67% | 14.67% |
| Dec 31, 2021 | 17.65% | 10.36% | 6.41% | 8.25% | 22.06% |
| Dec 31, 2020 | 22.73% | 8.87% | 5.24% | 7.66% | 17.98% |
| Dec 31, 2019 | 21.51% | 10.33% | 6.00% | 9.31% | 16.76% |
| Dec 31, 2018 | 21.94% | 7.73% | 5.39% | 16.12% | 19.88% |
| Dec 31, 2017 | 17.13% | 1.42% | 4.63% | 6.09% | 14.05% |
| Dec 31, 2016 | 17.16% | 7.48% | 2.70% | 8.54% | 18.91% |
| Dec 31, 2015 | 9.63% | 8.16% | 11.56% | 7.83% | 20.24% |
| Dec 31, 2014 | 24.92% | 7.71% | 3.27% | 9.24% | 21.29% |
| Dec 31, 2013 | 23.84% | 9.53% | 5.40% | 8.70% | 22.47% |
| Dec 31, 2012 | 32.59% | 10.47% | 4.01% | 8.28% | 23.36% |
| Dec 31, 2011 | 21.01% | 10.72% | 3.76% | 8.84% | 24.21% |
| Dec 31, 2010 | 19.59% | 16.19% | 4.32% | 9.27% | 20.71% |
| Dec 31, 2009 | 26.09% | 14.02% | 4.53% | 14.92% | 18.35% |
| Dec 31, 2008 | 14.18% | 14.33% | 4.60% | 14.29% | 20.90% |
| Dec 31, 2007 | 27.43% | 13.82% | 3.81% | 16.34% | — |
| Dec 31, 2006 | 31.76% | 16.95% | 5.51% | 18.85% | — |
| Dec 31, 2005 | 38.30% | 16.56% | 4.57% | 12.85% | — |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Food, Beverage & Tobacco)
Monster Beverage Corp., ROA, long-term trends, comparison to sector (food, beverage & tobacco)
| Monster Beverage Corp. | Food, Beverage & Tobacco | |
|---|---|---|
| Dec 31, 2023 | 16.84% | 9.72% |
| Dec 31, 2022 | 14.37% | 9.51% |
| Dec 31, 2021 | 17.65% | 10.44% |
| Dec 31, 2020 | 22.73% | 9.04% |
| Dec 31, 2019 | 21.51% | 10.02% |
| Dec 31, 2018 | 21.94% | 11.48% |
| Dec 31, 2017 | 17.13% | 5.50% |
| Dec 31, 2016 | 17.16% | 8.27% |
| Dec 31, 2015 | 9.63% | 10.50% |
| Dec 31, 2014 | 24.92% | 8.80% |
| Dec 31, 2013 | 23.84% | 10.00% |
| Dec 31, 2012 | 32.59% | 9.86% |
| Dec 31, 2011 | 21.01% | 9.62% |
| Dec 31, 2010 | 19.59% | 10.87% |
| Dec 31, 2009 | 26.09% | 11.66% |
| Dec 31, 2008 | 14.18% | 12.02% |
| Dec 31, 2007 | 27.43% | 9.75% |
| Dec 31, 2006 | 31.76% | 11.94% |
| Dec 31, 2005 | 38.30% | 9.75% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Staples)
Monster Beverage Corp., ROA, long-term trends, comparison to industry (consumer staples)
| Monster Beverage Corp. | Consumer Staples | |
|---|---|---|
| Dec 31, 2023 | 16.84% | 8.28% |
| Dec 31, 2022 | 14.37% | 8.95% |
| Dec 31, 2021 | 17.65% | 8.75% |
| Dec 31, 2020 | 22.73% | 8.24% |
| Dec 31, 2019 | 21.51% | 6.41% |
| Dec 31, 2018 | 21.94% | 8.40% |
| Dec 31, 2017 | 17.13% | 7.42% |
| Dec 31, 2016 | 17.16% | 7.94% |
| Dec 31, 2015 | 9.63% | 7.69% |
| Dec 31, 2014 | 24.92% | 7.96% |
| Dec 31, 2013 | 23.84% | 8.75% |
| Dec 31, 2012 | 32.59% | 8.63% |
| Dec 31, 2011 | 21.01% | 8.89% |
| Dec 31, 2010 | 19.59% | 9.45% |
| Dec 31, 2009 | 26.09% | 9.43% |
| Dec 31, 2008 | 14.18% | 9.11% |
| Dec 31, 2007 | 27.43% | 8.07% |
| Dec 31, 2006 | 31.76% | 8.42% |
| Dec 31, 2005 | 38.30% | 9.55% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).