Monarch Casino & Resort Inc (MCRI)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	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	341,201	332,693	321,125	310,157
ROE		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%	9.32%	9.88%	10.72%	11.08%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $82,448K ÷ $513,140K
= 16.07%

The return on equity (ROE) performance of Monarch Casino & Resort, Inc. has displayed a stable trend over the past eight quarters. The ROE figures have fluctuated within a relatively narrow range, indicating consistent efficiency in generating profits from shareholders' equity.

In the most recent quarter, Q4 2023, the ROE stood at 16.07%, slightly lower than the previous three quarters but still maintaining a healthy level above 16%. Compared to the same quarter in the previous year, the Q4 2022 ROE of 16.23% showed a marginal decrease.

Overall, Monarch Casino & Resort, Inc. has maintained a solid ROE performance, hovering around the mid to high 16% range, with occasional variations. This consistent performance suggests that the company has been effectively utilizing its equity to generate returns for shareholders. Further analysis of the company's financial statements and business operations can provide additional insights into the factors driving its ROE performance.