Monro Muffler Brake Inc (MNRO)
Fixed asset turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | — | 1,276,790 | 1,325,380 | 1,359,330 | 1,125,720 |
| Property, plant and equipment | US$ in thousands | — | — | 304,989 | 797,187 | 327,063 |
| Fixed asset turnover | — | — | 4.35 | 1.71 | 3.44 |
March 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $—K ÷ $—K
= —
The fixed asset turnover ratio is a measure of how effectively a company is utilizing its fixed assets to generate sales revenue. Looking at the data provided for Monro Muffler Brake Inc, we see a fluctuation in the fixed asset turnover ratio over the years:
- As of March 31, 2021, the fixed asset turnover ratio was 3.44, indicating that for every dollar invested in fixed assets, the company generated $3.44 in sales revenue.
- By March 31, 2022, this ratio decreased to 1.71, suggesting a decline in efficiency in utilizing fixed assets to generate sales.
- The ratio improved significantly by March 31, 2023, reaching 4.35, indicating a higher level of efficiency in generating sales from fixed assets.
- However, the information for subsequent years, March 31, 2024 and March 31, 2025, is not available (denoted by "—"), making it challenging to assess the trend in fixed asset turnover for those periods.
Based on the available data, it seems that Monro Muffler Brake Inc experienced fluctuations in its fixed asset turnover ratio, with a notable increase in efficiency in 2023 compared to previous years. Further analysis would be required to understand the underlying reasons for these fluctuations and to assess the company's overall asset management strategy.
Peer comparison
Mar 31, 2025