Monro Muffler Brake Inc (MNRO)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | — | 1,558.87 | 63,809.85 | — | — | — | — | — | — | — | 566.40 | 386.80 | 101.27 | 159.29 | 167.76 | 157.64 | 152.40 | 744.15 | 675.40 | — | |
| DSO | days | — | 0.23 | 0.01 | — | — | — | — | — | — | — | 0.64 | 0.94 | 3.60 | 2.29 | 2.18 | 2.32 | 2.39 | 0.49 | 0.54 | — |
March 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
Days Sales Outstanding (DSO) is a key financial ratio that measures the average number of days it takes for a company to collect revenue after a sale is made. A lower DSO indicates that the company is collecting payments from customers more quickly, which is generally favorable as it improves cash flow and liquidity.
Looking at Monro Muffler Brake Inc's DSO over the past quarters, we can see fluctuations in the collection period. The DSO for Dec 23, 2023, and Sep 23, 2023, were particularly low at 0.01 days and 0.01 days, respectively, suggesting that the company was efficiently collecting payments from its customers during those periods.
On the other hand, there were some quarters with higher DSO, such as Jun 30, 2022, at 3.60 days and Jun 30, 2021, at 3.60 days. A higher DSO may indicate that the company is facing challenges in collecting payments, which could potentially impact cash flow and working capital.
Overall, it is important for Monro Muffler Brake Inc to closely monitor its DSO and strive to maintain a low and consistent collection period to ensure efficient cash management and financial health.
Peer comparison
Mar 31, 2024