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Monarch Casino & Resort (Monarch Casino & Resort) Gross Margin % : 53.89% (As of Dec. 2023)


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What is Monarch Casino & Resort Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Monarch Casino & Resort's Gross Profit for the three months ended in Dec. 2023 was $69.1 Mil. Monarch Casino & Resort's Revenue for the three months ended in Dec. 2023 was $128.2 Mil. Therefore, Monarch Casino & Resort's Gross Margin % for the quarter that ended in Dec. 2023 was 53.89%.


The historical rank and industry rank for Monarch Casino & Resort's Gross Margin % or its related term are showing as below:

MCRI' s Gross Margin % Range Over the Past 10 Years
Min: 50.72   Med: 51.44   Max: 55.05
Current: 53.88


During the past 13 years, the highest Gross Margin % of Monarch Casino & Resort was 55.05%. The lowest was 50.72%. And the median was 51.44%.

MCRI's Gross Margin % is ranked better than
64.54% of 767 companies
in the Travel & Leisure industry
Industry Median: 43.25 vs MCRI: 53.88

Monarch Casino & Resort had a gross margin of 53.89% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Monarch Casino & Resort was 1.30% per year.


Monarch Casino & Resort Gross Margin % Historical Data

The historical data trend for Monarch Casino & Resort's Gross Margin % 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 Gross Margin % Chart

Monarch Casino & Resort Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.92 54.06 55.05 54.32 53.68

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
Gross Margin % 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 51.54 53.21 55.78 53.89 52.48

Competitive Comparison of Monarch Casino & Resort's Gross Margin %

For the Resorts & Casinos subindustry, Monarch Casino & Resort's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Monarch Casino & Resort's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Monarch Casino & Resort's Gross Margin % falls into.



Monarch Casino & Resort Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Monarch Casino & Resort's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=269.2 / 501.478
=(Revenue - Cost of Goods Sold) / Revenue
=(501.478 - 232.303) / 501.478
=53.68 %

Monarch Casino & Resort's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=69.1 / 128.186
=(Revenue - Cost of Goods Sold) / Revenue
=(128.186 - 59.106) / 128.186
=53.89 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Monarch Casino & Resort  (NAS:MCRI) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Monarch Casino & Resort had a gross margin of 53.89% for the quarter that ended in Dec. 2023 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Monarch Casino & Resort Gross Margin % Related Terms

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


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

Traded in Other Exchanges
N/A
Address
3800 South Virginia Street, Reno, NV, USA, 89502
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