Monarch Casino & Resort Inc (MCRI)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 11.67 | 14.27 | 13.49 | 14.66 | 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 |
| Receivables turnover | 44.63 | 43.49 | 44.96 | 49.73 | 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 |
| Payables turnover | 2.63 | 8.21 | 6.28 | 5.03 | 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 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
A. Inventory Turnover Ratio:
The inventory turnover ratio measures the number of times a company sells and replaces its inventory during a specific period. For Monarch Casino & Resort Inc, the inventory turnover has shown a fluctuating trend over the years, starting at 25.78 in March 2020 and gradually decreasing to 11.67 by December 2024. This indicates a decreasing efficiency in managing and selling inventory during this period.
B. Receivables Turnover Ratio:
The receivables turnover ratio reflects the efficiency of a company in collecting its accounts receivable. Monarch Casino & Resort Inc had a sharp increase in receivables turnover from 6.45 in December 2020 to 44.63 by December 2024. This suggests that the company improved its ability to collect outstanding payments from customers over the years.
C. Payables Turnover Ratio:
The payables turnover ratio assesses how quickly a company pays off its suppliers. Monarch Casino & Resort Inc's payables turnover ratio fluctuated over the years, indicating changes in its payment practices. The ratio ranged from the highest of 26.99 in March 2020 to the lowest of 2.63 in December 2024. A lower ratio could suggest delayed payment to suppliers or better credit terms negotiated.
D. Working Capital Turnover Ratio:
The working capital turnover ratio shows how effectively a company generates revenue from its working capital. Since the data provided is not available for Monarch Casino & Resort Inc for this metric, it is challenging to assess the company's efficiency in utilizing its working capital to generate sales.
In summary, the analysis of Monarch Casino & Resort Inc's activity ratios reveals varying trends in inventory turnover, improvements in receivables turnover, fluctuations in payables turnover, and a lack of data for working capital turnover. These ratios provide insights into the company's operational efficiency, liquidity management, and effectiveness in managing its resources.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 31.28 | 25.58 | 27.07 | 24.90 | 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 |
| Days of sales outstanding (DSO) | days | 8.18 | 8.39 | 8.12 | 7.34 | 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 |
| Number of days of payables | days | 138.76 | 44.47 | 58.14 | 72.50 | 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 |
The activity ratios for Monarch Casino & Resort Inc provide insight into the efficiency of the company's operations.
1. Days of Inventory on Hand (DOH):
- Monarch Casino & Resort Inc's DOH fluctuated over the years, ranging from a low of 14.16 days on March 31, 2020, to a high of 44.34 days on December 31, 2020.
- The company managed to decrease its DOH to 24.90 days on March 31, 2024, indicating an improvement in inventory management efficiency.
- Overall, the trend in DOH shows some volatility but generally suggests effective management of inventory levels over the years.
2. Days of Sales Outstanding (DSO):
- Monarch Casino & Resort Inc's DSO ranged from a low of 6.02 days on March 31, 2023, to a high of 56.56 days on December 31, 2020.
- The company showed a significant improvement in collecting receivables as seen in the decreasing trend in DSO, reaching 8.18 days on December 31, 2024.
- The declining DSO indicates efficient accounts receivable management and a quicker conversion of sales into cash.
3. Number of Days of Payables:
- The number of days of payables for Monarch Casino & Resort Inc varied, with a low of 13.52 days on March 31, 2020, and a high of 138.76 days on December 31, 2024.
- Despite the fluctuation, there is a general trend of reducing the days of payables, indicating that the company is paying its obligations more promptly in recent years.
- The decreasing trend in days of payables suggests better liquidity management and potentially stronger relationships with suppliers.
In conclusion, Monarch Casino & Resort Inc has shown improvements in inventory turnover, receivables collection, and payables management over the years, indicating enhanced operational efficiency and effective working capital management.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 0.76 | 0.77 | 0.77 | 0.75 | 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 |
The fixed asset turnover of Monarch Casino & Resort Inc has shown a positive trend over the years, increasing from 0.47 in March 2020 to 0.91 in December 2024. This indicates that the company has been able to generate more revenue relative to its investment in fixed assets. The consistently improving fixed asset turnover ratio suggests efficient utilization of assets to generate sales, which is a positive sign for the company's operational performance.
Similarly, the total asset turnover ratio has also improved steadily over the years, rising from 0.40 in March 2020 to 0.76 in December 2024. This indicates that the company has been able to generate more sales relative to its total assets. The increasing trend in the total asset turnover ratio reflects the company's effectiveness in generating revenue from all its assets, including both fixed and current assets.
Overall, the improving trend in both fixed asset turnover and total asset turnover ratios suggests that Monarch Casino & Resort Inc has been successful in efficiently utilizing its assets to drive revenue growth and improve its operational efficiency over the years.