Monarch Casino & Resort Inc (MCRI)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	82,448	87,479	68,488	23,678	31,816
Revenue	US$ in thousands	501,012	476,398	395,377	184,413	249,166
Net profit margin		16.46%	18.36%	17.32%	12.84%	12.77%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $82,448K ÷ $501,012K
= 16.46%

The net profit margin of Monarch Casino & Resort, Inc. has shown fluctuation over the past five years. In 2023, the net profit margin decreased to 16.44% from 18.31% in 2022. Despite this decrease, the company still maintained a relatively healthy level of profitability. The net profit margin was higher in 2023 compared to the margins in 2021, 2020, and 2019, indicating improved profitability in the most recent year. It is important for the company to continue monitoring and managing its expenses and revenue generation to sustain and potentially improve its profit margins in the future.