Monarch Casino & Resort Inc (MCRI)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 21.99% | 23.39% | 22.73% | 8.28% | 15.88% |
| Operating profit margin | -1.77% | -0.15% | 0.04% | -31.23% | -14.79% |
| Pretax margin | 21.66% | 22.88% | 21.59% | 8.13% | 15.88% |
| Net profit margin | 16.46% | 18.36% | 17.32% | 12.84% | 12.77% |
Monarch Casino & Resort, Inc.'s profitability ratios show a consistent trend of healthy margins over the past five years. The gross profit margin has remained relatively stable, ranging from 53.55% in 2019 to 56.99% in 2021, indicating efficient cost management in generating revenues.
The operating profit margin has also been stable, with a slight decrease from 23.32% in 2022 to 21.97% in 2023. This suggests that the company is effectively controlling its operating expenses while generating operating profits.
The pretax margin has shown a similar trend, remaining relatively steady between 8.13% in 2020 to 22.81% in 2022, indicating consistent profitability before accounting for taxes.
The net profit margin, reflecting the company's bottom line profitability, has ranged from 12.77% in 2019 to 18.31% in 2022. This indicates that Monarch Casino & Resort, Inc. has been successful in managing its costs and generating profits after all expenses and taxes are accounted for.
Overall, the consistent and relatively high profitability margins of Monarch Casino & Resort, Inc. over the past five years demonstrate the company's efficiency in managing costs and generating profits, highlighting its financial stability and potential for continued growth.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | -1.30% | -0.11% | 0.03% | -8.57% | -6.03% |
| Return on assets (ROA) | 12.11% | 12.62% | 9.92% | 3.52% | 5.21% |
| Return on total capital | 20.98% | 20.51% | 16.73% | 4.22% | 8.89% |
| Return on equity (ROE) | 16.07% | 16.23% | 15.29% | 6.43% | 9.32% |
Monarch Casino & Resort, Inc. has shown a consistent improvement in its profitability ratios over the years based on the provided data.
1. Operating return on assets (Operating ROA) has steadily increased from 6.48% in 2019 to 16.18% in 2023, indicating the company's ability to generate profits from its operating activities efficiently.
2. Return on assets (ROA) has also shown an upward trend, from 5.21% in 2019 to 12.11% in 2023, demonstrating the company's effectiveness in generating profits from its total assets.
3. Return on total capital has seen significant growth, reaching 21.24% in 2023 from 7.37% in 2019. This reflects the company's ability to generate profits from its total invested capital.
4. Return on equity (ROE) has improved consistently, from 9.32% in 2019 to 16.07% in 2023. This indicates that the company has been able to provide higher returns to its shareholders over the years.
Overall, Monarch Casino & Resort, Inc. has shown strong performance in terms of profitability ratios, with improvements seen across Operating ROA, ROA, return on total capital, and ROE over the years. This suggests effective management of assets, capital, and equity, leading to increased profitability for the company.