MGM Resorts International (MGM)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 64.74% | 55.07% | 44.76% | 49.93% | 48.14% | 38.12% | 47.28% | 34.99% | 28.62% | 52.94% | 41.39% | 14.03% | 42.59% | 66.75% | 74.27% | 79.26% | 78.46% | 78.48% | 78.05% | 78.72% |
| Operating profit margin | 12.09% | 9.84% | 0.38% | 12.95% | 9.68% | 12.73% | 35.35% | 26.07% | 25.69% | 21.10% | -14.58% | -55.69% | -10.98% | 35.33% | 35.07% | 38.23% | 32.54% | 10.86% | 12.57% | 12.85% |
| Pretax margin | 8.31% | 10.82% | 5.15% | 17.92% | 14.60% | 12.40% | 30.50% | 18.63% | 17.00% | 10.79% | -25.16% | -70.79% | -20.93% | 25.01% | 25.32% | 28.93% | 22.14% | 1.50% | 3.28% | 4.18% |
| Net profit margin | 7.30% | 7.45% | 2.61% | 12.28% | 9.91% | 9.29% | 24.18% | 15.54% | 14.14% | 9.22% | -20.94% | -56.51% | -17.65% | 18.80% | 19.76% | 22.40% | 16.92% | 0.12% | 1.64% | 2.39% |
MGM Resorts International's profitability ratios have shown fluctuations over the past eight quarters. The gross profit margin has been relatively stable, ranging from 47.08% to 49.32%, indicating the company's ability to control production costs and generate revenues effectively.
However, the operating profit margin and pretax margin have shown more variability, with Q2 and Q1 of 2023 reflecting negative figures. This suggests that MGM Resorts International may have faced challenges in controlling operating expenses and other costs during these periods.
On the other hand, the net profit margin has also fluctuated, with a significant increase in Q1 of 2023 compared to the previous quarters. This could indicate improved efficiency in managing expenses or potentially higher revenues in that period.
Overall, while MGM Resorts International has demonstrated consistent gross profit margins, the company may need to focus on improving its operating efficiency to enhance its profitability in the future.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 4.46% | 3.45% | 0.13% | 4.74% | 3.15% | 3.82% | 9.81% | 6.81% | 5.57% | 3.74% | -2.29% | -5.73% | -1.76% | 7.25% | 9.11% | 12.32% | 11.63% | 4.22% | 4.83% | 4.75% |
| Return on assets (ROA) | 2.70% | 2.61% | 0.87% | 4.50% | 3.22% | 2.79% | 6.70% | 4.06% | 3.07% | 1.63% | -3.29% | -5.82% | -2.83% | 3.85% | 5.13% | 7.22% | 6.05% | 0.05% | 0.63% | 0.88% |
| Return on total capital | 17.33% | 20.12% | 11.22% | 28.99% | 22.55% | 20.09% | 37.63% | 17.21% | 12.93% | 8.55% | -3.69% | -10.26% | -2.90% | 14.15% | 17.07% | 22.28% | 18.68% | 4.97% | 5.86% | 6.04% |
| Return on equity (ROE) | 29.97% | 28.06% | 8.49% | 40.46% | 30.49% | 27.27% | 56.64% | 30.96% | 20.66% | 9.89% | -19.57% | -34.43% | -15.88% | 20.79% | 26.09% | 34.56% | 26.52% | 0.23% | 2.98% | 4.05% |
MGM Resorts International's profitability ratios show mixed results over the past eight quarters. The operating return on assets (Operating ROA) fluctuated significantly, ranging from -3.91% in Q1 2023 to a positive 3.59% in Q4 2023. This indicates varying efficiency in generating operating income relative to the total assets during the period. The overall return on assets (ROA) was relatively stable, with a high of 4.45% in Q1 2023 and a low of 0.85% in Q2 2023, suggesting consistent profitability in utilizing its assets to generate earnings.
The return on total capital experienced significant volatility, with negative values in some quarters, such as -14.52% in Q1 2023. This indicates challenges in generating profits relative to the total capital employed in the business. On the other hand, the return on equity (ROE) showed a more positive trend, with peaks of 40.01% in Q1 2023 and 55.71% in Q2 2022, reflecting strong returns for the company's equity shareholders.
Overall, MGM Resorts International's profitability ratios suggest a mixture of operational efficiency and financial performance over the analyzed period. Further analysis incorporating additional financial metrics and qualitative factors may provide a more comprehensive understanding of the company's profitability dynamics.