Monarch Casino & Resort Inc (MCRI)

Working capital 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 current assets US$ in thousands 90,422 68,334 60,956 66,462 74,966 62,688 61,933 57,017 89,429 81,988 80,263 79,004 84,064 75,776 75,191 69,538 73,156 50,266 56,616 55,928
Total current liabilities US$ in thousands 146,463 120,099 136,067 130,168 123,367 116,551 106,499 113,325 117,744 140,555 130,698 134,414 141,178 135,402 123,902 115,530 109,444 59,563 61,007 62,727
Working capital turnover — — — — — — — — — — — — — — — — — — — —

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $525,742K ÷ ($90,422K – $146,463K)
= —

The working capital turnover ratio for Monarch Casino & Resort Inc is not available for the periods stated. This ratio typically measures a company's efficiency in utilizing its working capital to generate sales revenue. A higher turnover indicates that the company is efficiently using its current assets to support its operations and generate revenue. On the other hand, a lower turnover may suggest inefficiency in managing working capital, which can lead to potential liquidity issues or underutilization of resources. Without the specific data points, it is challenging to assess the company's performance in this aspect. It would be beneficial to track the working capital turnover ratio in the future to gain insight into Monarch Casino & Resort Inc's operational efficiency and financial health.