Monarch Casino & Resort Inc (MCRI)

Gross profit margin

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
Gross profit (ttm) US$ in thousands 92,503 113,983 110,608 110,803 110,152 112,845 117,299 113,252 111,442 109,170 101,854 99,943 89,877 69,286 53,674 24,443 15,271 17,756 15,851 32,965
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
Gross profit margin 17.59% 21.95% 21.50% 21.71% 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%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $92,503K ÷ $525,742K
= 17.59%

The gross profit margin of Monarch Casino & Resort Inc has fluctuated over the years based on the data provided. It started at 13.76% in March 2020 and experienced some variability, dropping to 8.32% in June 2020 before gradually increasing to 23.36% by December 2022. From March 2023 to June 2024, the gross profit margin remained relatively stable in the range of 21.50% to 23.73%.

Overall, the gross profit margin trended positively, showing an improvement in the company's ability to generate gross profit relative to its revenue. However, there was a decrease between December 2024 at 17.59%, indicating a possible decline in profitability or an increase in the cost of goods sold during that period. Further analysis would be needed to determine the specific factors influencing these changes in the gross profit margin.