Monarch Casino & Resort Inc (MCRI)

Total 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
Total assets US$ in thousands 691,583 671,140 672,376 677,265 680,873 664,265 665,221 663,809 692,942 688,665 693,735 691,104 690,459 672,428 666,848 664,974 671,877 599,146 597,505 594,465
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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $525,742K ÷ $691,583K
= 0.76

The total asset turnover of Monarch Casino & Resort Inc has shown a fluctuating trend over the past few years. Starting at 0.40 in March 31, 2020, it decreased to 0.27 by December 31, 2020. However, the ratio began to increase steadily from March 31, 2021, reaching 0.77 by December 31, 2024. This indicates that the company's efficiency in generating sales from its total assets has improved significantly over the years. The higher the total asset turnover ratio, the better, as it signifies that the company is effectively utilizing its assets to generate revenue.