Monarch Casino & Resort (Monarch Casino & Resort) EBIT : $110.8 Mil (TTM As of Dec. 2023)

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What is Monarch Casino & Resort EBIT?

Monarch Casino & Resort's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $25.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $110.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Monarch Casino & Resort's annualized ROC % for the quarter that ended in Dec. 2023 was 11.99%. Monarch Casino & Resort's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 17.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Monarch Casino & Resort's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.78%.

Monarch Casino & Resort EBIT Historical Data

The historical data trend for Monarch Casino & Resort's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Monarch Casino & Resort EBIT Chart

Monarch Casino & Resort Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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39.58

15.27

89.88

111.44

110.15

Monarch Casino & Resort Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															23.16	29.71	31.90	25.38	23.81

Competitive Comparison of Monarch Casino & Resort's EBIT

For the Resorts & Casinos subindustry, Monarch Casino & Resort's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Monarch Casino & Resort's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Monarch Casino & Resort's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Monarch Casino & Resort's EV-to-EBIT falls into.

Monarch Casino & Resort EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $110.8 Mil.

Monarch Casino & Resort (NAS:MCRI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Monarch Casino & Resort's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	101.532 * ( 1 - 28.6% )	/	( (602.46	+	606.804)	/ 2 )
=	72.493848	/	604.632
=	11.99 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	664.265	-	115.668	-	( 33.918	-	max(0, 116.551	-	62.688	+	33.918	))
=	602.46

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	680.873	-	122.47	-	( 43.361	-	max(0, 123.367	-	74.966	+	43.361	))
=	606.804

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Monarch Casino & Resort's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	101.532	/	( ( (576.126 + max(-89.589, 0))	+	(580.497 + max(-91.871, 0)) )	/	2 )
=	101.532	/	( ( 576.126	+	580.497 )	/	2 )
=	101.532	/	578.3115
=	17.56 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10.967	+	7.184	+	7.928)	-	(115.668	+	0	+	0)
=	-89.589

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.99	+	7.614	+	10.995)	-	(122.47	+	0	+	0)
=	-91.871

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Monarch Casino & Resort's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	110.803	/	1262.475
	=	8.78 %

Monarch Casino & Resort EBIT Related Terms

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Monarch Casino & Resort (Monarch Casino & Resort) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Monarch Casino & Resort Inc (NAS:MCRI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

3800 South Virginia Street, Reno, NV, USA, 89502

Website

https://www.monarchcasino.com

Monarch Casino & Resort Inc is engaged in providing the latest gaming, dining, and hospitality amenities. It owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk. The company generates the majority of its revenue from Casinos, followed by Food & Beverage and Hotel Operations.

Executives

John Farahi	director, 10 percent owner, officer: Co-Chairman and CEO	MONARCH CASINO & RESORT INC, 1175 MOANA LANE SUITE 200, RENO NV 89509
Bob Farahi	director, 10 percent owner, officer: Co-Chairman and President	MONARCH CASINO & RESORT INC, 3800 S. VIRGINIA STREET, RENO NV 89502
David-jacques Farahi	officer: Chief Operating Officer	3800 S. VIRGINIA STREET, RENO NV 89502
Edwin S. Koenig	officer: CAO	3800 S. VIRGINIA STREET, RENO NV 89502
Ben Farahi	10 percent owner	3652 SOUTH VIRGINIA ST., SUITE C7, RENO NV 89502
Craig F Sullivan	director
Richard L. Cooley	officer: Vice President of Finance	3800 S. VIRGINIA STREET, RENO NV 89502
Ronald Rowan	officer: Chief Financial Officer	3800 S. VIRGINIA STREET, EXECUTIVE OFFICES, RENO NV 89502
Paul Andrews	director	3800 S. VIRGINIA STREET, RENO NV 89502
Yvette Landau	director
Ronald R Zideck	director
Charles W Scharer	director	C/O GAMETECH INTERNATIONAL INC, 900 SANDHILL ROAD, RENO NV 89521