Monro Muffler Brake Inc (MNRO)
Inventory turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 40,201 | 42,897 | 44,328 | 37,372 | 33,812 |
| Inventory | US$ in thousands | 154,085 | 147,397 | 166,271 | 162,282 | 187,441 |
| Inventory turnover | 0.26 | 0.29 | 0.27 | 0.23 | 0.18 |
March 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $40,201K ÷ $154,085K
= 0.26
The inventory turnover ratio for Monro Muffler Brake Inc has fluctuated over the past five years, ranging from 0.18 to 0.29. This ratio indicates how many times during the year the company sells and replaces its inventory. A lower inventory turnover ratio suggests slower sales relative to the amount of inventory held. From 2020 to 2023, there was a gradual increase in the inventory turnover ratio, indicating improved efficiency in managing inventory. However, this trend reversed in 2024, showing a slight decline in inventory turnover. Overall, while the company has made some progress in managing its inventory more efficiently, there is still room for improvement to optimize its operations.
Peer comparison
Mar 31, 2024