Monarch Casino & Resort Inc (MCRI)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 21.83% | 22.72% | 23.73% | 23.33% | 23.36% | 23.28% | 22.79% | 23.35% | 22.88% | 20.10% | 18.44% | 11.72% | 8.27% | 9.71% | 8.32% | 13.76% | 15.88% | 16.58% | 17.62% | 17.71% |
| Operating profit margin | -0.64% | 0.29% | 0.35% | -0.40% | -0.66% | 0.48% | 0.82% | 1.27% | -0.10% | -5.12% | -10.46% | -23.35% | -30.30% | -17.37% | -17.31% | -9.24% | -5.22% | -4.72% | -2.89% | -2.82% |
| 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% |
| Net profit margin | 16.34% | 17.45% | 18.21% | 17.93% | 18.33% | 18.10% | 17.84% | 18.33% | 17.43% | 18.53% | 17.97% | 14.30% | 12.82% | 7.99% | 6.93% | 11.20% | 12.77% | 13.32% | 14.01% | 14.16% |
Monarch Casino & Resort, Inc.'s profitability ratios have been relatively stable over the quarters, indicating consistent performance in managing its costs and generating profits. The company has maintained a healthy gross profit margin ranging between 55.80% and 56.39% over the past eight quarters, showing efficiency in controlling direct costs associated with revenue generation.
The operating profit margin, reflecting the company's ability to generate profits from its core operations, has fluctuated slightly, ranging from 22.82% to 23.62%. This indicates that Monarch Casino & Resort, Inc. has been successful in managing its operating expenses while generating operating income.
The pretax margin, representing the percentage of each dollar of revenue that translates into pre-tax profit, has ranged from 22.16% to 23.22%. This suggests that the company has been effective in managing its tax obligations and other expenses while maintaining profitability.
Furthermore, the net profit margin, which reflects the company's overall profitability after all expenses have been deducted, has varied between 16.44% and 18.30%. This indicates that Monarch Casino & Resort, Inc. has been able to efficiently manage its non-operating expenses and taxes to generate net income for its shareholders.
Overall, based on the consistency and stability of these profitability ratios over the quarters, Monarch Casino & Resort, Inc. appears to have a solid financial footing and effective cost management strategies in place.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 12.11% | 13.05% | 13.53% | 13.11% | 12.62% | 12.33% | 11.49% | 11.35% | 9.92% | 9.50% | 7.84% | 4.48% | 3.52% | 2.44% | 2.21% | 4.51% | 5.21% | 5.82% | 6.45% | 6.92% |
| Return on total capital | 20.98% | 21.88% | 22.19% | 21.85% | 20.51% | 20.89% | 18.32% | 18.28% | 16.74% | 16.15% | 14.01% | 8.49% | 6.84% | 4.69% | 4.31% | 7.66% | 8.84% | 9.27% | 10.14% | 10.54% |
| Return on equity (ROE) | 16.07% | 17.25% | 18.68% | 18.78% | 16.23% | 16.48% | 16.40% | 16.86% | 15.29% | 15.05% | 13.04% | 7.85% | 6.43% | 4.13% | 3.88% | 7.79% | 9.32% | 9.88% | 10.72% | 11.08% |
Based on the provided data, Monarch Casino & Resort, Inc. has shown consistent profitability over the quarters analyzed. The company's operating return on assets (Operating ROA) has steadily improved from Q1 2022 to Q4 2023, indicating efficient utilization of assets to generate operating income. Similarly, the Return on Assets (ROA) has also demonstrated an upward trend over the same period, suggesting effective management in generating profits relative to its total assets.
Furthermore, the Return on Total Capital and Return on Equity (ROE) ratios have displayed a favorable growth trajectory, reflecting the company's ability to generate returns for both its total invested capital and equity shareholders. These ratios indicate that Monarch Casino & Resort, Inc. is efficiently utilizing its capital to generate profits and create value for its shareholders.
Overall, the profitability ratios for Monarch Casino & Resort, Inc. show a positive trend, reflecting strong financial performance and effective management of the company's assets and capital structure.