Monro Muffler Brake Inc (MNRO)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 1.79 | 2.14 | 2.19 | 1.50 | 1.64 | 1.95 | 3.58 | 5.57 | 6.47 | 5.71 | 3.77 | 3.49 | 3.26 | 3.89 | 5.63 | 6.71 | 7.84 | 6.69 | 7.03 | 7.11 | |
| Number of days of payables | days | 204.00 | 170.76 | 166.36 | 242.96 | 222.41 | 187.52 | 102.01 | 65.57 | 56.44 | 63.97 | 96.73 | 104.70 | 111.92 | 93.78 | 64.86 | 54.43 | 46.57 | 54.54 | 51.90 | 51.34 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.79
= 204.00
The number of days of payables for Monro Muffler Brake Inc has shown some fluctuations over the past few quarters. As of March 31, 2024, the company takes approximately 204.00 days to pay its suppliers, representing a significant increase from the previous quarter where it took 170.76 days. This longer payment period may indicate challenges in managing working capital effectively.
Looking back at the historical trend, the number of days of payables has been on an upward trajectory since the second quarter of 2023 when it was at its lowest point of 46.57 days. This suggests that the company has been taking longer to settle its payables over the past few quarters.
It is important for investors and stakeholders to closely monitor this trend in the number of days of payables as it can provide insights into the company's liquidity, cash flow management, and vendor relationships. Additionally, a prolonged increase in the number of days of payables may raise concerns about the company's financial health and ability to meet its obligations in a timely manner.
Peer comparison
Mar 31, 2024