Monarch Casino & Resort Inc (MCRI)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 34,776 | 32,670 | 56,328 | 82,174 | 108,834 | 111,672 | 116,025 | 112,384 | 110,563 | 107,675 | 97,130 | 95,717 | 86,416 | 82,412 | 72,299 | 44,344 | 36,632 | 24,626 | 22,521 | 39,635 |
| Long-term debt | US$ in thousands | — | — | — | — | 5,500 | 8,000 | 41,000 | 51,000 | — | — | 43,837 | 58,511 | 68,152 | 85,792 | 114,900 | 142,455 | 167,162 | 171,864 | 181,684 | 173,049 |
| 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 |
| Return on total capital | 6.72% | 6.36% | 11.30% | 16.15% | 20.98% | 21.88% | 22.19% | 21.85% | 20.51% | 20.89% | 18.32% | 18.28% | 16.74% | 16.15% | 14.01% | 8.49% | 6.84% | 4.69% | 4.31% | 7.66% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $34,776K ÷ ($—K + $517,748K)
= 6.72%
Monarch Casino & Resort Inc's return on total capital has exhibited fluctuations over the reported periods. The trend shows an increase from 7.66% in March 2020 to a peak of 22.19% in June 2023. However, there was a subsequent decline to 6.72% by December 2024. Notably, the highest returns were recorded in the mid-2020s, with a significant jump from 16.15% in March 2021 to over 20% in September 2022.
The company experienced a period of strong performance from the first quarter of 2021 to the second quarter of 2023, where return on total capital consistently exceeded 15%. However, from March 2024 onwards, there was a notable downward trend in the return on total capital, falling below 10% by December 2024.
Overall, Monarch Casino & Resort Inc's return on total capital demonstrates volatility and variability over the analyzed periods, with a notable peak in mid-2023 followed by a decline towards the end of 2024.
Peer comparison
Dec 31, 2024