Monarch Casino & Resort (FRA:MOI) ROCE % : 17.27% (As of Mar. 2024)

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What is Monarch Casino & Resort ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Monarch Casino & Resort's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.27%.

Monarch Casino & Resort ROCE % Historical Data

The historical data trend for Monarch Casino & Resort's ROCE % 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.

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Monarch Casino & Resort ROCE % Chart

Monarch Casino & Resort Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.62

2.67

16.77

20.45

19.16

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
ROCE %	Get a 7-Day Free Trial															16.37	21.30	23.24	18.18	17.27

Monarch Casino & Resort ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	101.009	/	( ( (654.137 - 111.15)	+	(624.361 - 113.128) )	/ 2 )
	=	101.009	/	( (542.987	+	511.233)	/ 2 )
	=	101.009	/	527.11
	=	19.16 %

Monarch Casino & Resort's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	87.62	/	( ( (624.361 - 113.128)	+	(623.084 - 119.755) )	/ 2 )
	=	87.62	/	( ( 511.233	+	503.329 )	/ 2 )
	=	87.62	/	507.281
	=	17.27 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Monarch Casino & Resort (FRA:MOI) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Monarch Casino & Resort ROCE % Related Terms

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Monarch Casino & Resort (FRA:MOI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Monarch Casino & Resort Inc (FRA:MOI) » Definitions » ROCE %

Comparable Companies

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MCRI:USA

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.

Monarch Casino & Resort (FRA:MOI) Headlines

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