Monarch Casino & Resort Inc (MCRI)

Operating 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
Operating income (ttm)	US$ in thousands	-3,237	1,433	1,729	-1,960	-3,163	2,256	3,666	5,445	-375	-17,643	-30,436	-48,687	-55,972	-31,774	-32,975	-22,128	-13,007	-11,644	-7,102	-6,855
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
Operating profit margin		-0.64%	0.29%	0.35%	-0.40%	-0.66%	0.48%	0.82%	1.27%	-0.10%	-5.12%	-10.46%	-23.35%	-30.30%	-17.37%	-17.31%	-9.24%	-5.22%	-4.72%	-2.89%	-2.82%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-3,237K ÷ $504,574K
= -0.64%

Monarch Casino & Resort, Inc. has demonstrated relatively stable operating profit margins over the past eight quarters. The operating profit margin has fluctuated between 21.97% and 23.62%, with a slight downward trend in the most recent quarter. The average operating profit margin over the period was approximately 23.06%, indicating a consistent level of profitability in the company's operations.

It is important to note that a higher operating profit margin generally indicates better efficiency in managing costs and generating revenue from core business activities. Monarch Casino & Resort's operating profit margins, though slightly below the average, remain within a healthy range for the industry.

Overall, the company's ability to maintain stable operating profit margins reflects effective cost controls and revenue management strategies. Further analysis could provide insights into specific factors influencing the variations in operating profit margins across different quarters.