Monarch Casino & Resort Inc (MCRI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 521,937 | 501,012 | 476,398 | 395,377 | 184,413 |
| Property, plant and equipment | US$ in thousands | 575,287 | 580,497 | 578,050 | 580,807 | 572,507 |
| Fixed asset turnover | 0.91 | 0.86 | 0.82 | 0.68 | 0.32 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $521,937K ÷ $575,287K
= 0.91
The fixed asset turnover ratio for Monarch Casino & Resort Inc has been showing an increasing trend over the years, suggesting that the company is becoming more efficient in generating revenue from its fixed assets.
In 2020, the fixed asset turnover was 0.32, indicating that for every dollar invested in fixed assets, the company generated $0.32 in revenue. By the end of 2024, this ratio had increased to 0.91, showing significant improvement in asset utilization efficiency.
This indicates that Monarch Casino & Resort Inc has been able to make better use of its fixed assets to generate sales as time progressed. The steady increase in the fixed asset turnover ratio reflects improved operational efficiency and productivity within the company.
Peer comparison
Dec 31, 2024