Monarch Casino & Resort Inc (MCRI)

Fixed asset turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 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
Revenue (ttm) US$ in thousands 525,742 519,325 514,417 510,431 504,574 496,616 494,378 485,510 477,157 469,036 446,939 427,969 392,852 344,759 291,098 208,535 184,745 182,882 190,498 239,503
Property, plant and equipment US$ in thousands 575,287 577,518 586,091 585,434 580,497 576,126 577,795 581,360 578,050 581,183 587,947 586,543 580,807 570,903 565,877 569,544 572,507 520,423 512,140 508,589
Fixed asset turnover 0.91 0.90 0.88 0.87 0.87 0.86 0.86 0.84 0.83 0.81 0.76 0.73 0.68 0.60 0.51 0.37 0.32 0.35 0.37 0.47

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $525,742K ÷ $575,287K
= 0.91

The fixed asset turnover ratio of Monarch Casino & Resort Inc has been showing an increasing trend over the past few years. Starting at 0.47 in March 31, 2020, the ratio gradually declined to 0.32 by December 31, 2020, indicating that the company was generating less revenue relative to its investment in fixed assets during that period.

However, from March 31, 2021, the fixed asset turnover ratio began to improve, reaching 0.91 by December 31, 2024. This suggests that the company has been more efficient in utilizing its fixed assets to generate sales over the years.

A fixed asset turnover ratio of 0.91 as of December 31, 2024 indicates that Monarch Casino & Resort Inc generated $0.91 in revenue for every dollar invested in fixed assets. This signifies that the company has been effectively utilizing its fixed assets to generate sales, which is a positive indicator of operational efficiency and effective asset management.