Stock Analysis on Net
Stock Analysis on Net

Monster Beverage Corp. (NASDAQ:MNST)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 7, 2024.

Common-Size Balance Sheet: Assets
Quarterly Data

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Monster Beverage Corp., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Inventories
Prepaid expenses and other current assets
Prepaid income taxes
Current assets
Investments
Property and equipment, net
Deferred income taxes, net
Goodwill
Other intangible assets, net
Other assets
Noncurrent assets
Total assets

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Cash and cash equivalents
The proportion of cash and cash equivalents as a percentage of total assets displayed a generally upward trend from 13.28% in March 2019 to 25.52% in March 2024. Notable increases occurred from June 2021 through December 2021, followed by some fluctuation but maintaining a higher level above 18% in the later periods.
Short-term investments
Short-term investments showed volatility during the period. Starting at 5.66% in March 2019, the ratio rose to peak at 22.42% in December 2021. Following this high, it gradually decreased towards 9.75% by March 2024, indicating a reduction in short-term investment holdings relative to total assets in recent quarters.
Accounts receivable, net
The accounts receivable percentage fluctuated moderately between 10.49% and 14.64%, with no distinct trend but mild cyclicality. The values stayed mostly within the 11-14% range, suggesting stability in receivables relative to total assets.
Inventories
Inventory as a portion of total assets exhibited a gradual upward movement over time, rising from 6.46% in March 2019 to a peak of 11.28% in December 2022, before easing slightly to 9.31% by March 2024. This indicates an increasing investment in inventory over the period.
Prepaid expenses and other current assets
These assets remained relatively stable, ranging between approximately 0.89% and 1.75%, without pronounced trend, reflecting a consistent portion of total assets allocated to prepaid and other current assets.
Prepaid income taxes
This item showed minor fluctuations, mostly below 0.6%, with no clear upward or downward trajectory across the full period.
Current assets
Current assets as a percentage of total assets increased steadily from 40.97% in March 2019 to a peak around 61.04% in June 2023, maintaining high levels thereafter. This upward trend suggests a growing proportion of assets held in liquid or short-term form.
Investments
Investments as a percentage of total assets were generally low and irregular, mostly fluctuating below 1.3%. There were brief increases in some quarters but no sustained trend was evident.
Property and equipment, net
This asset class showed a gradual increase over time, climbing from 5.18% in March 2019 to around 9.14% in March 2024, signaling growing capital investment in property and equipment assets.
Deferred income taxes, net
Deferred income taxes varied with some notable volatility in the earlier years, including a spike to 3.9% in December 2020, then steadily declined to approximately 1.74% by March 2024, indicating a reduction in deferred tax assets relative to total assets.
Goodwill
Goodwill declined steadily from 28.6% in March 2019 to 14.04% in March 2024, reflecting either amortization, impairment, or reduced acquisition activity causing a decreasing share of goodwill on total assets.
Other intangible assets, net
Other intangible assets demonstrated a decreasing trend from 22.4% in March 2019 to 14.17% in March 2024, suggesting an erosion of intangible asset value relative to total assets over the five-year period.
Other assets
Other assets remained relatively minor, fluctuating between approximately 0.89% and 1.77%, with no significant trend evident.
Noncurrent assets
The portion of noncurrent assets relative to total assets decreased from 59.03% in March 2019 to about 40.23% in March 2024. This marks a substantial shift in asset composition, indicating a move away from long-term assets towards current assets.
Total assets
By definition, total assets as a percentage of total assets remained constant at 100% across all periods.