Monarch Casino & Resort Inc (MCRI)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	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	31,816	32,879	34,412	34,372
Total assets	US$ in thousands	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	610,878	565,158	533,181	496,614
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%

December 31, 2023 calculation

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

Monarch Casino & Resort, Inc. has demonstrated consistent performance in terms of return on assets (ROA) over the past eight quarters. The ROA values have generally been higher than 10%, indicating that the company has been efficient in generating profits relative to its total assets.

The ROA fluctuated between 11.35% and 13.53% during the period, with the highest value of 13.53% recorded in Q2 2023. This suggests that the company effectively utilized its assets to generate earnings during that quarter. Overall, the upward trend in ROA from Q1 2022 to Q2 2023 reflects positively on the company's operational efficiency and profitability.

Investors and stakeholders may view the consistent and relatively high ROA values as a positive indicator of Monarch Casino & Resort, Inc.'s ability to generate returns from its assets effectively. However, it is important to consider other financial metrics and external factors to gain a holistic understanding of the company's financial performance and future prospects.