Monro Muffler Brake Inc (MNRO)
Receivables turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,258,140 | 1,309,380 | 1,335,730 | 1,098,070 | 1,228,730 |
| Receivables | US$ in thousands | — | — | — | 10,844 | 8,056 |
| Receivables turnover | — | — | — | 101.26 | 152.52 |
March 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,258,140K ÷ $—K
= —
The receivables turnover ratio for Monro Muffler Brake Inc could not be calculated for the fiscal years ending March 31, 2024 and March 31, 2023 as the necessary data points were not provided.
However, for the fiscal years ending March 31, 2021 and March 31, 2020, the company had receivables turnover ratios of 101.26 and 152.52, respectively.
A higher receivables turnover ratio indicates that a company is more efficient in collecting payments from its customers. In this case, we can observe a decline in the receivables turnover ratio from 152.52 in 2020 to 101.26 in 2021, suggesting that Monro Muffler Brake Inc took longer to collect payments from its customers in 2021 compared to 2020.
Overall, further analysis should be conducted to understand the reasons behind the change in receivables turnover and its impact on the company's financial performance and cash flow management.
Peer comparison
Mar 31, 2024