Monarch Casino & Resort Inc (MCRI)

Return on equity (ROE)

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 stockholders’ equity US$ in thousands 517,748 513,280 498,367 508,913 513,140 502,447 481,812 463,406 538,954 515,370 486,336 465,189 448,014 424,395 401,087 379,910 368,067 353,530 340,422 344,094
ROE 14.05% 16.90% 16.72% 16.32% 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%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $72,769K ÷ $517,748K
= 14.05%

The Return on Equity (ROE) is a financial ratio that measures a company's profitability and efficiency in generating earnings from the shareholders' equity. For Monarch Casino & Resort Inc, we observe fluctuations in the ROE over the period from March 31, 2020, to December 31, 2024.

The ROE of Monarch Casino & Resort Inc ranged from a low of 3.88% in June 2020 to a high of 18.78% in March 2023. The trend shows some volatility but an overall improvement in the company's ability to generate returns on shareholders' equity during the period.

The ROE increased from 7.79% in March 2020 to 16.90% in September 2024, reflecting a positive trajectory in profitability and efficiency. While there was a slight decrease to 14.05% in December 2024, the company maintained relatively strong ROE levels compared to the initial period.

Overall, the increasing trend in ROE indicates that Monarch Casino & Resort Inc has been effectively utilizing its equity to generate profits for shareholders over the period under review. This improvement could be attributed to factors such as effective cost management, revenue growth, or operational efficiency, which have positively impacted the company's bottom line and shareholder value. It is essential for stakeholders and investors to monitor the ROE to assess the company's performance and its ability to generate returns on shareholders' investments.