• Monster Beverage average return on tangible equity for 2023 was 31.27, a 3.1% increase from 2022.
• Monster Beverage average return on tangible equity for 2022 was 30.33, a 37.96% increase from 2021.
• Monster Beverage average return on tangible equity for 2021 was 48.89, a 26.75% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.