Monarch Casino & Resort Inc (MCRI)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	110,152	112,845	117,299	113,252	111,442	109,170	101,854	99,943	89,877	69,286	53,674	24,443	15,271	17,756	15,851	32,965	39,575	40,938	43,281	42,990
Revenue (ttm)	US$ in thousands	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	249,166	246,865	245,639	242,787
Gross profit margin		21.83%	22.72%	23.73%	23.33%	23.36%	23.28%	22.79%	23.35%	22.88%	20.10%	18.44%	11.72%	8.27%	9.71%	8.32%	13.76%	15.88%	16.58%	17.62%	17.71%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $110,152K ÷ $504,574K
= 21.83%

The gross profit margin of Monarch Casino & Resort, Inc. has remained relatively stable over the past eight quarters, fluctuating within a narrow range between 55.80% and 56.39%. This indicates the company's ability to effectively manage its cost of goods sold and generate a consistent level of profitability from its core operations. The slight variations in the gross profit margin may be attributed to changes in pricing strategies, input costs, or operational efficiencies during the respective quarters. Overall, the consistently high gross profit margin suggests that Monarch Casino & Resort, Inc. has a strong pricing power and cost control measures in place, which are essential for sustaining profitability in the competitive casino and resort industry.