Monarch Casino & Resort Inc (MCRI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -8,871 | -730 | 176 | -57,594 | -36,849 |
| Revenue | US$ in thousands | 501,012 | 476,398 | 395,377 | 184,413 | 249,166 |
| Operating profit margin | -1.77% | -0.15% | 0.04% | -31.23% | -14.79% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-8,871K ÷ $501,012K
= -1.77%
The operating profit margin for Monarch Casino & Resort, Inc. has exhibited some fluctuations over the years. The margin was relatively stable around 22% in 2021 and 2022 but experienced a significant increase to 23.32% in 2022. This suggests that the company was able to effectively control its operating expenses and generate stronger revenues during that period.
However, there was a notable drop in the operating profit margin to 8.28% in 2020, indicating a decrease in profitability, possibly due to the challenges posed by the COVID-19 pandemic on the hospitality industry.
The subsequent recovery in 2019 with an operating profit margin of 15.88% showcases an improvement in performance compared to the previous year, although it was still below the levels seen in 2021 and 2022.
Overall, the operating profit margin trend for Monarch Casino & Resort, Inc. indicates some variability in profitability levels over the years, with a mix of positive and challenging periods. It is essential for investors and stakeholders to monitor the company's ability to maintain and improve its operating profit margin over time to assess its operational efficiency and financial health.
Peer comparison
Dec 31, 2023