Monarch Casino & Resort Inc (MCRI)

Net 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
Net income (ttm)	US$ in thousands	82,448	86,679	90,009	87,031	87,479	84,917	79,738	78,452	68,488	63,877	52,308	29,812	23,678	14,614	13,195	26,821	31,816	32,879	34,412	34,372
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
Net profit margin		16.34%	17.45%	18.21%	17.93%	18.33%	18.10%	17.84%	18.33%	17.43%	18.53%	17.97%	14.30%	12.82%	7.99%	6.93%	11.20%	12.77%	13.32%	14.01%	14.16%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $82,448K ÷ $504,574K
= 16.34%

The net profit margin of Monarch Casino & Resort, Inc. has shown some fluctuations over the past eight quarters. It ranged from a low of 16.44% in Q4 2023 to a high of 18.31% in Q4 2022. Despite these variations, the company has generally maintained a healthy level of net profit margin above 16% in each quarter. This indicates that the company effectively controls its expenses relative to its revenue, resulting in a significant portion of revenue translating into net profit. The slight decrease in net profit margin in recent quarters may warrant further investigation into potential cost management strategies or other factors influencing profitability. Overall, the company's net profit margin appears to be relatively stable and reflective of a sound financial performance.