Monarch Casino & Resort Inc (MCRI)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 680,873 | 692,942 | 690,459 | 671,877 | 610,878 |
| Operating ROA | -1.30% | -0.11% | 0.03% | -8.57% | -6.03% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $-8,871K ÷ $680,873K
= -1.30%
Monarch Casino & Resort, Inc.'s operating return on assets (operating ROA) has shown a promising trend over the past five years. The company's operating ROA increased steadily from 6.48% in 2019 to 16.18% in 2023. This indicates that the company has been able to improve its efficiency in generating operating income from its assets over the years.
In 2020, there was a significant jump in the operating ROA from 2.27% to 13.02%, demonstrating a marked improvement in the company's asset utilization and profitability. This positive momentum was sustained in 2021 and further strengthened in 2022 and 2023, reflecting Monarch Casino & Resort, Inc.'s effective management of its assets to drive operating performance.
Overall, the consistent increase in operating ROA suggests that the company has been successful in optimizing its asset base to generate higher operating returns, which could be attributed to improved operational efficiencies, cost management, or revenue growth strategies. This signifies a positive financial performance and operational effectiveness for Monarch Casino & Resort, Inc.
Peer comparison
Dec 31, 2023