SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'ROTA' MCRI (Monarch Casino & Resort) Return-on-Tangible-Asset
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Monarch Casino & Resort Inc (NAS:MCRI) » Definitions » Return-on-Tangible-Asset
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Monarch Casino & Resort (Monarch Casino & Resort) Return-on-Tangible-Asset

: 11.25% (As of Dec. 2023)
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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Monarch Casino & Resort's annualized Net Income for the quarter that ended in Dec. 2023 was $72.8 Mil. Monarch Casino & Resort's average total tangible assets for the quarter that ended in Dec. 2023 was $647.1 Mil. Therefore, Monarch Casino & Resort's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 11.25%.

The historical rank and industry rank for Monarch Casino & Resort's Return-on-Tangible-Asset or its related term are showing as below:

MCRI' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.85   Med: 9.17   Max: 13.13
Current: 12.72

During the past 13 years, Monarch Casino & Resort's highest Return-on-Tangible-Asset was 13.13%. The lowest was 3.85%. And the median was 9.17%.

MCRI's Return-on-Tangible-Asset is ranked better than
87.61% of 831 companies
in the Travel & Leisure industry
Industry Median: 2.57 vs MCRI: 12.72

Monarch Casino & Resort Return-on-Tangible-Asset Historical Data

The historical data trend for Monarch Casino & Resort's Return-on-Tangible-Asset 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 Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.29 3.85 10.45 13.13 12.46

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
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.83 14.03 15.12 11.25 11.18
Competitive Comparison

For the Resorts & Casinos subindustry, Monarch Casino & Resort's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Monarch Casino & Resort's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Monarch Casino & Resort's Return-on-Tangible-Asset falls into.


Monarch Casino & Resort Return-on-Tangible-Asset Calculation

Monarch Casino & Resort's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=82.448/( (667.479+655.463)/ 2 )
=82.448/661.471
=12.46 %

Monarch Casino & Resort's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=72.808/( (638.814+655.463)/ 2 )
=72.808/647.1385
=11.25 %

* 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.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Dec. 2023) net income data.

Monarch Casino & Resort  (NAS:MCRI) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.

Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.

Monarch Casino & Resort Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Monarch Casino & Resort's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

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

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Monarch Casino & Resort Inc (NAS:MCRI) » Definitions » Return-on-Tangible-Asset
Comparable Companies
MSC PLYA GDEN BALY FLL CNTY PENN SLNA TBTC MLCO LVS HKSE:01928 HKSE:00027 MGM WYNN CZR MTN SGX:G13 BYD HKSE:02282
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