Monro Muffler Brake Inc (MNRO)
Payables 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 |
| Payables | US$ in thousands | — | 316,770 | 298,923 | 278,903 | 251,940 | 287,330 | 287,330 | 280,350 | 280,350 | 275,626 | 261,724 | 228,355 | 184,098 | 155,948 | 131,989 | 117,893 | 121,148 | 121,378 | 112,378 | 131,852 |
| Payables turnover | — | 2.46 | 2.62 | 2.11 | 2.43 | 2.14 | 2.17 | 2.96 | 3.01 | 3.10 | 3.32 | 3.88 | 4.81 | 5.70 | 6.65 | 7.23 | 6.77 | 6.48 | 6.50 | 5.43 |
March 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $579,977K ÷ $—K
= —
The payables turnover ratio for Monro Muffler Brake Inc has shown a fluctuating trend over the specified period. The ratio indicates the number of times a company pays off its suppliers during a particular period. From December 31, 2020, to March 31, 2022, there was a general increasing trend in the payables turnover ratio, reaching its peak at 7.23 on December 31, 2021.
However, from June 30, 2022, onwards, the payables turnover ratio began to decline, indicating a potential slowdown in the company's payments to its suppliers. This declining trend continued up to September 30, 2024, where the ratio hit a low of 2.46. It is worth noting that a decreasing payables turnover ratio may suggest that the company is taking longer to pay its bills, which could potentially strain relationships with suppliers.
The ratio then showed a slight increase on March 31, 2025, but no specific value was provided. Overall, a declining payables turnover ratio could indicate inefficiencies in managing accounts payable or potential liquidity issues that may warrant further investigation into Monro Muffler Brake Inc's financial health and payment practices.
Peer comparison
Mar 31, 2025