Monarch Casino & Resort Inc (MCRI)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 72,769 | 86,760 | 83,322 | 83,053 | 82,448 | 86,679 | 90,009 | 87,031 | 87,479 | 84,917 | 79,738 | 78,452 | 68,488 | 63,877 | 52,308 | 29,812 | 23,678 | 14,614 | 13,195 | 26,821 |
| Total assets | US$ in thousands | 691,583 | 671,140 | 672,376 | 677,265 | 680,873 | 664,265 | 665,221 | 663,809 | 692,942 | 688,665 | 693,735 | 691,104 | 690,459 | 672,428 | 666,848 | 664,974 | 671,877 | 599,146 | 597,505 | 594,465 |
| ROA | 10.52% | 12.93% | 12.39% | 12.26% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $72,769K ÷ $691,583K
= 10.52%
Monarch Casino & Resort Inc's Return on Assets (ROA) shows the efficiency with which the company generates profits from its assets. The trend analysis of ROA over the past few years indicates an overall positive performance.
ROA has generally been increasing from March 31, 2020, to December 31, 2023, with a few fluctuations in between. The ROA increased from 4.51% in March 2020 to 13.11% in March 2023, reflecting a significant improvement in asset utilization efficiency. However, there was a slight decline in ROA to 12.11% by the end of December 2023.
In the following year, the ROA further decreased to 10.52% by December 31, 2024. While this is lower than the previous year, it is still higher than the ROA recorded in earlier periods, indicating that the company continues to generate reasonable returns relative to its assets.
Overall, the analysis suggests that Monarch Casino & Resort Inc has been effectively utilizing its assets to generate profits, as seen in the upward trend in ROA over the years, with minor fluctuations. Monitoring ROA can provide insights into the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2024