Monarch Casino & Resort Inc (MCRI)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 108,527 | 109,022 | 85,371 | 14,998 | 39,576 |
| Revenue | US$ in thousands | 501,012 | 476,398 | 395,377 | 184,413 | 249,166 |
| Pretax margin | 21.66% | 22.88% | 21.59% | 8.13% | 15.88% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $108,527K ÷ $501,012K
= 21.66%
The pretax margin of Monarch Casino & Resort, Inc. has exhibited some fluctuations over the past five years, ranging from a low of 8.13% in 2020 to a high of 22.81% in 2022. In 2023, the pretax margin decreased slightly to 21.64%. This metric indicates the company's ability to generate operating profits before accounting for taxes relative to its total revenue. The fluctuation in the pretax margin could be attributed to various factors such as changes in operating expenses, revenue growth, or tax liabilities. Overall, a pretax margin above 20% in recent years suggests that Monarch Casino & Resort, Inc. has been effectively managing its operating costs and generating healthy profits before taxes.
Peer comparison
Dec 31, 2023