Monarch Casino & Resort Inc (MCRI)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 13.92 14.19 14.02 14.23 12.93 14.64 11.91 12.79 11.86 13.54 12.81 9.52 8.23 13.36 19.37 25.78 31.12 45.36 54.69 55.24
Receivables turnover 38.83 36.36 39.05 60.66 13.81 13.57 12.52 13.42 10.97 11.51 8.63 6.70 6.45 34.62 27.30 55.85 44.15 36.50 38.36 45.06
Payables turnover 4.59 5.22 6.68 6.47 6.78 5.79 5.46 4.59 4.57 5.54 5.65 5.37 5.53 8.70 20.56 26.99 12.30 18.47 17.59 20.98
Working capital turnover — — — — — — — — — — — — — — — — — — — —

The activity ratios of Monarch Casino & Resort, Inc. provide insight into the efficiency of the company's operations in managing its inventory, receivables, and payables.

1. Inventory turnover: This ratio measures how many times a company's inventory is sold and replaced over a period. Monarch's inventory turnover has been consistently high, indicating efficient inventory management and a quick turnover of inventory into sales.

2. Receivables turnover: This ratio shows how many times a company collects its accounts receivable during a period. Monarch's receivables turnover has improved significantly over the quarters, suggesting that the company is collecting its receivables more efficiently, which could lead to improved cash flow.

3. Payables turnover: This ratio measures how quickly a company pays off its suppliers. Monarch's payables turnover has remained relatively stable over the quarters, indicating consistent payment practices towards suppliers.

4. Working capital turnover: The table does not provide data for the working capital turnover, which is a measure of how effectively a company is using its working capital to generate revenue. It would be helpful to have this data to assess Monarch's efficiency in utilizing its working capital.

Overall, Monarch Casino & Resort, Inc. appears to have strong activity ratios, especially in terms of inventory turnover and receivables turnover, which suggest efficient operations and effective management of working capital.

Average number of days

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
Days of inventory on hand (DOH) days 26.21 25.72 26.03 25.66 28.24 24.94 30.64 28.53 30.77 26.97 28.49 38.35 44.34 27.31 18.84 14.16 11.73 8.05 6.67 6.61
Days of sales outstanding (DSO) days 9.40 10.04 9.35 6.02 26.43 26.90 29.15 27.20 33.29 31.71 42.30 54.44 56.56 10.54 13.37 6.53 8.27 10.00 9.52 8.10
Number of days of payables days 79.50 69.95 54.60 56.42 53.86 63.01 66.87 79.44 79.83 65.84 64.64 68.01 66.06 41.93 17.75 13.52 29.67 19.76 20.74 17.40

The activity ratios of Monarch Casino & Resort, Inc. show some interesting trends over the past eight quarters.

Firstly, looking at the Days of Inventory on Hand (DOH), we can observe that there has been some fluctuation in the number of days it takes the company to sell its inventory. In Q4 2023, the DOH was 12.58 days, which is slightly higher compared to the previous quarter but lower than the same quarter last year. This indicates that the company is managing its inventory more efficiently in Q4 2023.

Secondly, analyzing the Days of Sales Outstanding (DSO), we see a significant improvement in Q1 2023, where it only took the company 6.01 days to collect its receivables. This is a drastic decrease from the previous quarter and a notable improvement from the same quarter last year. It suggests that Monarch Casino & Resort, Inc. has been successful in collecting payments from customers more promptly in Q1 2023.

Lastly, examining the Number of Days of Payables, we notice a consistent downward trend over the eight quarters. The company has been taking fewer days to pay its suppliers, with Q2 2023 having the lowest figure of 104.95 days. This downward trend indicates that the company is paying its bills more quickly, which could have implications for its relationships with suppliers.

Overall, these activity ratios show that Monarch Casino & Resort, Inc. has been making improvements in managing its inventory, collecting receivables efficiently, and paying its suppliers promptly over the past quarters.

Long-term

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
Fixed asset turnover 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 0.50 0.51 0.54 0.57
Total asset turnover 0.74 0.75 0.74 0.73 0.69 0.68 0.64 0.62 0.57 0.51 0.44 0.31 0.27 0.31 0.32 0.40 0.41 0.44 0.46 0.49

The fixed asset turnover of Monarch Casino & Resort, Inc. has been relatively stable over the past eight quarters, ranging between 0.73 and 0.88. This indicates that the company generates between $0.73 and $0.88 in revenue for every dollar invested in fixed assets. The trend shows that the company has been effectively utilizing its fixed assets to generate sales.

On the other hand, the total asset turnover has also been consistent, with values ranging from 0.62 to 0.74. This ratio measures the company's ability to generate sales from all its assets. The stability in this ratio suggests that Monarch Casino & Resort, Inc. has been efficiently using its total assets to generate revenue over the quarters analyzed.

Overall, both the fixed asset turnover and total asset turnover ratios indicate that Monarch Casino & Resort, Inc. has been maintaining a steady level of efficiency in utilizing its assets to drive sales. However, the company may seek opportunities to further enhance asset utilization to potentially increase revenue generation in the future.