Monarch Casino & Resort Inc (MCRI)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	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	249,166	246,865	245,639	242,787
Total assets	US$ in thousands	680,873	664,265	665,221	663,809	692,942	688,665	693,735	691,104	690,459	672,428	666,848	664,974	671,877	599,146	597,505	594,465	610,878	565,158	533,181	496,614
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

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $504,574K ÷ $680,873K
= 0.74

The total asset turnover ratio for Monarch Casino & Resort, Inc. has been relatively stable over the past few quarters, hovering around 0.7. This indicates that for each dollar of total assets invested in the company, it generates approximately 0.7 times in revenue. The consistency of this ratio suggests that the company is efficiently utilizing its assets to generate sales. However, there has been a gradual improvement in the total asset turnover ratio from Q1 2022 to Q4 2023, indicating an increasing efficiency in generating revenue from its assets over time. This improvement may be attributed to effective asset management strategies implemented by the company, which have resulted in a more productive use of its total assets. Overall, the trend in total asset turnover indicates a positive performance in terms of asset utilization and revenue generation for Monarch Casino & Resort, Inc.