Monarch Casino & Resort Inc (MCRI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 92,503 | 110,152 | 111,442 | 89,877 | 15,271 |
| Revenue | US$ in thousands | 521,937 | 501,012 | 476,398 | 395,377 | 184,413 |
| Gross profit margin | 17.72% | 21.99% | 23.39% | 22.73% | 8.28% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $92,503K ÷ $521,937K
= 17.72%
The gross profit margin of Monarch Casino & Resort Inc has shown fluctuations over the past five years. In December 2020, the gross profit margin was at a relatively low level of 8.28%. However, there was a significant improvement in December 2021, with the margin increasing to 22.73%. This positive trend continued in December 2022, reaching 23.39%, indicating improved efficiency in generating revenue after deducting the cost of goods sold.
In December 2023, there was a slight decrease in the gross profit margin to 21.99%, which could be attributed to changes in operating costs or pricing strategies. The margin decreased further in December 2024 to 17.72%, signaling a potential challenge in maintaining profitability.
Overall, the increasing trend in the gross profit margin from 2020 to 2022 reflects the company's ability to effectively manage its production and sales costs. However, the decline in 2023 and 2024 suggests a need for Monarch Casino & Resort Inc to closely monitor and address factors impacting profitability to sustain long-term financial health.
Peer comparison
Dec 31, 2024