Monarch Casino & Resort Inc (MCRI)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 110,152 | 111,442 | 89,877 | 15,271 | 39,575 |
| Revenue | US$ in thousands | 501,012 | 476,398 | 395,377 | 184,413 | 249,166 |
| Gross profit margin | 21.99% | 23.39% | 22.73% | 8.28% | 15.88% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $110,152K ÷ $501,012K
= 21.99%
The gross profit margin of Monarch Casino & Resort, Inc. has shown a relatively stable trend over the past five years, with values ranging from 53.55% in 2019 to 56.99% in 2021. In the most recent period ending December 31, 2023, the gross profit margin stood at 55.96%. This metric indicates that the company is able to generate a strong profit from its core operations after accounting for the cost of goods sold. The slight decrease from the previous year may suggest potential challenges in managing production or purchasing costs. However, overall, the gross profit margin remains at a healthy level, reflecting Monarch Casino & Resort, Inc.'s ability to efficiently control production costs and pricing strategies to maintain profitability.
Peer comparison
Dec 31, 2023