Monarch Casino & Resort Inc (MCRI)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 680,873 | 664,265 | 665,221 | 663,809 | 692,942 | 688,665 | 693,735 | 691,104 | 690,459 | 672,428 | 666,848 | 664,974 | 671,877 | 599,146 | 597,505 | 594,465 | 610,878 | 565,158 | 533,181 | 496,614 |
| Operating ROA | -0.48% | 0.22% | 0.26% | -0.30% | -0.46% | 0.33% | 0.53% | 0.79% | -0.05% | -2.62% | -4.56% | -7.32% | -8.33% | -5.30% | -5.52% | -3.72% | -2.13% | -2.06% | -1.33% | -1.38% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-3,237K ÷ $680,873K
= -0.48%
Operating return on assets (operating ROA) is a key profitability ratio that measures a company's ability to generate operating income from its assets. For Monarch Casino & Resort, Inc., the trend in operating ROA over the past eight quarters shows a generally positive trajectory.
The company's operating ROA has been improving steadily, with the ratio increasing from 14.46% in Q1 2022 to 17.56% in Q2 2023. This indicates that Monarch Casino & Resort, Inc. has been effectively utilizing its assets to generate operating income during this period.
The highest operating ROA was observed in Q2 2023 at 17.56%, while the lowest was recorded in Q1 2022 at 14.46%. This suggests that the company's profitability performance has been fluctuating but has shown an overall positive trend.
Overall, the consistent improvement in Monarch Casino & Resort, Inc.'s operating ROA is a positive indication of the company's operational efficiency and profitability. Investors and stakeholders may view this trend favorably as it demonstrates the company's ability to generate profits from its asset base.
Peer comparison
Dec 31, 2023