Monro Muffler Brake Inc (MNRO)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.16 | 0.16 | 0.34 | 0.33 | 0.34 | |
| Number of days of payables | days | 2,287.46 | 2,226.95 | 1,086.81 | 1,097.56 | 1,074.14 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.16
= 2,287.46
The number of days of payables for Monro Muffler Brake Inc has seen fluctuations over the past five years. The metric indicates the average number of days it takes for the company to pay its suppliers.
In the most recent fiscal year ending March 31, 2024, the number of days of payables significantly increased to 2,287.46 days compared to the previous year's 2,226.95 days. This elongation suggests that Monro Muffler Brake Inc took longer to settle its payables during this period.
Looking back further, in fiscal year 2022, the number of days of payables was 1,086.81 days, which experienced a notable increase from the prior year of 1,097.56 days. This shift indicates a lengthening in the payables payment period, possibly signaling changes in the company's payment policies or relationships with suppliers.
Comparing the data with the situation in fiscal year 2020, the number of days of payables was at 1,074.14 days. This figure has shown a consistent upward trend over the years, indicating a potential strategy shift in managing supplier payments within the company.
Overall, the analysis of Monro Muffler Brake Inc's number of days of payables reveals fluctuations in the average payment period to suppliers over the past five years, suggesting changes in the company's working capital management or vendor payment practices.
Peer comparison
Mar 31, 2024