Monro Muffler Brake Inc (MNRO)
Inventory turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Dec 23, 2023 | Sep 30, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 579,977 | 779,997 | 784,007 | 589,393 | 612,514 | 614,811 | 622,407 | 829,043 | 843,667 | 854,433 | 869,207 | 885,562 | 885,019 | 888,952 | 877,493 | 852,510 | 819,764 | 786,809 | 730,527 | 716,098 |
| Inventory | US$ in thousands | — | 176,544 | 161,983 | 162,251 | 154,085 | 160,360 | 160,360 | 146,679 | 146,679 | 141,165 | 147,397 | 141,348 | 135,006 | 128,666 | 166,271 | 169,664 | 165,073 | 167,501 | 162,282 | 165,141 |
| Inventory turnover | — | 4.42 | 4.84 | 3.63 | 3.98 | 3.83 | 3.88 | 5.65 | 5.75 | 6.05 | 5.90 | 6.27 | 6.56 | 6.91 | 5.28 | 5.02 | 4.97 | 4.70 | 4.50 | 4.34 |
March 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $579,977K ÷ $—K
= —
Monro Muffler Brake Inc's inventory turnover has shown fluctuation over the period analyzed. Starting at 4.34 as of December 31, 2020, it rose gradually, reaching its peak at 6.91 on June 30, 2022. Subsequently, there was a slight decline in the turnover to 5.65 as of September 30, 2023, and further decreased to 3.83 by December 31, 2023. The ratio rebounded in the following periods but remained below the peak level observed in June 2022.
Overall, Monro Muffler Brake Inc's inventory turnover indicates the company's ability to manage and sell inventory efficiently. A generally increasing trend in the turnover ratio can be a positive sign, suggesting effective inventory management. However, fluctuations in the ratio should prompt further analysis to understand the underlying reasons and their potential impact on the company's operations and financial performance.
Peer comparison
Mar 31, 2025
Mar 31, 2025