Monarch Casino & Resort Inc (MCRI)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	82,448	87,479	68,488	23,678	31,816
Total assets	US$ in thousands	680,873	692,942	690,459	671,877	610,878
ROA		12.11%	12.62%	9.92%	3.52%	5.21%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $82,448K ÷ $680,873K
= 12.11%

Monarch Casino & Resort, Inc.'s return on assets (ROA) has been fluctuating over the past five years. The ROA was highest in 2022 at 12.62% and saw a slight decline to 12.11% in 2023. This suggests that the company is efficient in generating profits from its assets.

In 2021, the ROA was 9.92%, which was a strong performance compared to 2020 when the ROA was 3.52%. The significant increase in ROA from 2020 to 2021 indicates that the company improved its asset utilization and profitability during that period.

In 2019, the ROA was 5.21%, showing a moderate level of return on assets. Overall, Monarch Casino & Resort, Inc. has demonstrated a positive trend in its ROA over the years, with some fluctuations reflecting changes in the company's asset management and profitability. Further analysis of the company's financial performance and business strategies could provide insights into the factors driving these variations in ROA.