Monarch Casino & Resort Inc (MCRI)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 34,776 | -2,145 | -5,209 | -4,038 | -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 |
| Total assets | US$ in thousands | 691,583 | 671,140 | 672,376 | 677,265 | 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 |
| Operating ROA | 5.03% | -0.32% | -0.77% | -0.60% | -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% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $34,776K ÷ $691,583K
= 5.03%
Operating return on assets (ROA) is a key financial ratio that indicates how effectively a company is generating profits from its operational assets. Monarch Casino & Resort Inc's operating ROA has shown a volatile trend over the past few years.
From March 31, 2020, to June 30, 2021, the company experienced negative operating ROA figures, indicating that its operational assets were not efficiently utilized to generate profits during this period. However, there has been a gradual improvement in the operating ROA since then.
The data shows a turnaround in the company's performance, with operating ROA improving from negative figures to a positive 5.03% as of December 31, 2024. This positive figure suggests that Monarch Casino & Resort Inc has become more effective in generating profits from its operational assets.
Overall, the analysis of Monarch Casino & Resort Inc's operating ROA indicates a shift towards improved operational efficiency and profitability in recent periods, with the company making progress in leveraging its assets effectively to drive profitability.
Peer comparison
Dec 31, 2024