Monarch Casino & Resort Inc (MCRI)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 501,012 | 476,398 | 395,377 | 184,413 | 249,166 |
| Total current assets | US$ in thousands | 74,966 | 89,429 | 84,064 | 73,156 | 79,155 |
| Total current liabilities | US$ in thousands | 123,367 | 117,744 | 141,178 | 109,444 | 79,465 |
| Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $501,012K ÷ ($74,966K – $123,367K)
= —
To calculate the working capital turnover for Monarch Casino & Resort, Inc., we need information on both sales and working capital. Working capital turnover is a ratio that measures how efficiently a company is using its working capital to generate revenue. The formula for working capital turnover is:
Working Capital Turnover = Net Sales / Average Working Capital
Since the specific figures for net sales and working capital are not provided in the table, we are unable to calculate the working capital turnover for Monarch Casino & Resort, Inc. Without this data, a thorough analysis of the company's working capital turnover over the years is not possible. It is essential to have complete financial information to assess the company's operational efficiency and financial performance accurately.
Peer comparison
Dec 31, 2023