Monarch Casino & Resort Inc (MCRI)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 72,769 | 82,448 | 87,479 | 68,488 | 23,678 |
| Total assets | US$ in thousands | 691,583 | 680,873 | 692,942 | 690,459 | 671,877 |
| ROA | 10.52% | 12.11% | 12.62% | 9.92% | 3.52% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $72,769K ÷ $691,583K
= 10.52%
Monarch Casino & Resort Inc's Return on Assets (ROA) has shown a strong upward trend over the past five years. Starting at 3.52% in December 31, 2020, the ROA has steadily increased to 9.92% by December 31, 2021, indicating a significant improvement in the company's efficiency in generating profits relative to its total assets.
The ROA continued to climb to 12.62% by December 31, 2022, reaching its peak during this period. This suggests that Monarch Casino & Resort Inc has been effectively utilizing its assets to generate income and create value for its shareholders.
Although there was a slight dip to 12.11% by December 31, 2023, the ROA remained at relatively high levels, indicating sustained profitability and efficient asset management by the company.
By the end of December 31, 2024, Monarch Casino & Resort Inc's ROA stood at 10.52%. While it was slightly lower compared to the peak in 2022, the company still maintained a strong performance in utilizing its assets to generate returns for its investors.
Overall, the increasing trend in Monarch Casino & Resort Inc's ROA over the years demonstrates the company's ability to effectively generate profits relative to its asset base, indicating positive financial health and efficient operational management.
Peer comparison
Dec 31, 2024