Monro Muffler Brake Inc (MNRO)
Days of inventory on hand (DOH)
| Mar 31, 2024 | Dec 23, 2023 | Sep 23, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.93 | 3.83 | 4.19 | 2.93 | 2.91 | 3.14 | 4.88 | 6.75 | 5.13 | 3.96 | 2.77 | 2.53 | 2.26 | 3.11 | 4.28 | 4.21 | 4.16 | 4.31 | 4.45 | 4.29 | |
| DOH | days | 124.76 | 95.30 | 87.04 | 124.44 | 125.26 | 116.07 | 74.81 | 54.10 | 71.10 | 92.06 | 131.81 | 144.49 | 161.62 | 117.45 | 85.26 | 86.67 | 87.73 | 84.60 | 82.01 | 85.04 |
March 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.93
= 124.76
The days of inventory on hand (DOH) for Monro Muffler Brake Inc has exhibited varying trends over the past several quarters. From March 2019 to March 2024, the DOH ranged from a low of 54.10 days in June 2022 to a high of 161.62 days in March 2021.
The DOH figure indicates the average number of days it takes for the company to sell its inventory. A higher DOH value signifies that the company is taking longer to sell its inventory, which can lead to higher carrying costs and potential obsolescence risks. On the other hand, a lower DOH value may indicate efficient inventory management but could also suggest stockouts or lost sales opportunities.
Monro Muffler Brake Inc's DOH has experienced fluctuations, with some quarters showing higher values (e.g., March 2021 and September 2021) indicating potential inventory management challenges, while other quarters exhibited lower values (e.g., June 2022 and December 2022) suggesting improved inventory turnover efficiency.
Overall, a consistent or decreasing trend in the DOH over time would be preferable as it would indicate better inventory management practices, optimized stock levels, and potentially improved profitability through reduced carrying costs and faster inventory turnover.
Peer comparison
Mar 31, 2024