Monarch Casino & Resort Inc (MCRI)
Total 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 |
| Total assets | US$ in thousands | 691,583 | 680,873 | 692,942 | 690,459 | 671,877 |
| Total asset turnover | 0.75 | 0.74 | 0.69 | 0.57 | 0.27 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $521,937K ÷ $691,583K
= 0.75
The total asset turnover ratio measures a company's ability to generate revenue from its assets. A higher ratio indicates more efficient asset utilization.
For Monarch Casino & Resort Inc, we observe a significant improvement in total asset turnover over the years:
- December 31, 2020: 0.27
- December 31, 2021: 0.57
- December 31, 2022: 0.69
- December 31, 2023: 0.74
- December 31, 2024: 0.75
The trend indicates a steady increase in asset turnover, suggesting that the company has been more effective in generating sales relative to its total assets. This improvement may stem from better management of assets, streamlining operations, or increased demand for its services.
Overall, the rising total asset turnover ratio for Monarch Casino & Resort Inc reflects a positive trend in efficiency and could be a promising indicator of the company's operational performance and potential for future growth.
Peer comparison
Dec 31, 2024