Monro Muffler Brake Inc (MNRO)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 450,778 | 614,184 | 615,084 | 414,067 | 429,512 | 444,484 | 658,707 | 868,147 | 853,556 | 672,650 | 457,127 | 423,126 | 366,488 | 513,194 | 718,123 | 743,424 | 779,864 | 773,011 | 760,226 | 745,343 |
| Inventory | US$ in thousands | 154,085 | 160,360 | 146,679 | 141,165 | 147,397 | 141,348 | 135,006 | 128,666 | 166,271 | 169,664 | 165,073 | 167,501 | 162,282 | 165,141 | 167,739 | 176,530 | 187,441 | 179,171 | 170,804 | 173,655 |
| 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 |
March 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $450,778K ÷ $154,085K
= 2.93
The inventory turnover ratio for Monro Muffler Brake Inc has varied over the past few quarters. It ranged from a low of 2.26 in March 2021 to a high of 6.75 in June 2022. Overall, the trend in inventory turnover has been fluctuating, indicating some inconsistencies in managing inventory levels effectively. A higher inventory turnover ratio suggests that the company is selling its inventory more quickly, which can be positive in terms of liquidity and efficiency. On the other hand, a lower ratio may indicate slower sales or excess inventory levels, leading to potential holding costs or obsolescence risks. It would be important for the company to analyze the factors contributing to these fluctuations and work towards optimizing its inventory management strategies for better performance and profitability.
Peer comparison
Mar 31, 2024
Mar 31, 2024