Monarch Casino & Resort Inc (MCRI)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	108,527	110,909	114,862	110,895	109,022	106,230	98,893	96,406	85,371	65,227	50,506	22,551	14,998	17,757	15,852	32,966	39,576	40,938	43,226	42,893
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
Pretax margin		21.51%	22.33%	23.23%	22.84%	22.85%	22.65%	22.13%	22.53%	21.73%	18.92%	17.35%	10.81%	8.12%	9.71%	8.32%	13.76%	15.88%	16.58%	17.60%	17.67%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $108,527K ÷ $504,574K
= 21.51%

The pretax margin of Monarch Casino & Resort, Inc. has shown consistency over the past eight quarters, ranging from 21.64% to 23.22%. This indicates the company's ability to effectively control its operating expenses in relation to its revenue before accounting for taxes. With the margins remaining relatively stable, it suggests the company has been maintaining efficiency in its operations and effectively managing costs. Despite minor fluctuations, the pretax margin has generally been in the low 20% range, showcasing a consistent level of profitability before the impact of taxes.