Monster Beverage (BSP:M1NS34) COGS-to-Revenue : 0.46 (As of Mar. 2024)

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What is Monster Beverage COGS-to-Revenue?

Monster Beverage's Cost of Goods Sold for the three months ended in Mar. 2024 was R$4,342 Mil. Its Revenue for the three months ended in Mar. 2024 was R$9,457 Mil.

Monster Beverage's COGS to Revenue for the three months ended in Mar. 2024 was 0.46.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Monster Beverage's Gross Margin % for the three months ended in Mar. 2024 was 54.09%.

Monster Beverage COGS-to-Revenue Historical Data

The historical data trend for Monster Beverage's COGS-to-Revenue 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 COGS-to-Revenue Chart

Monster Beverage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.40

0.41

0.44

0.50

0.47

Monster Beverage Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.47	0.47	0.47	0.46	0.46

Monster Beverage COGS-to-Revenue Calculation

Monster Beverage's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	16393.853	/	34984.704
	=	0.47

Monster Beverage's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4342.231	/	9457.128
	=	0.46

Monster Beverage (BSP:M1NS34) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Monster Beverage's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	4342.231 / 9457.128
	=	54.09 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Monster Beverage COGS-to-Revenue 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 » COGS-to-Revenue

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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