Monro Muffler Brake Inc (MNRO)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,257,454 | 1,259,563 | 1,276,197 | 1,283,020 | 1,306,258 | 1,322,070 | 1,328,931 | 1,346,241 | 1,335,392 | 1,311,778 | 1,253,445 | 1,193,287 | 1,098,172 | 1,077,405 | 1,121,963 | 1,157,883 | 1,227,770 | 1,229,332 | 1,210,315 | 1,193,432 |
| Receivables | US$ in thousands | — | 808 | 20 | — | — | — | — | — | — | — | 2,213 | 3,085 | 10,844 | 6,764 | 6,688 | 7,345 | 8,056 | 1,652 | 1,792 | — |
| Receivables turnover | — | 1,558.87 | 63,809.85 | — | — | — | — | — | — | — | 566.40 | 386.80 | 101.27 | 159.29 | 167.76 | 157.64 | 152.40 | 744.15 | 675.40 | — |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,257,454K ÷ $—K
= —
The receivables turnover for Monro Muffler Brake Inc has shown significant fluctuations over the past several quarters. The data indicates that the company experienced exceptionally high receivables turnover in some periods, such as in December 2023 and September 2023, with ratios of 1,558.87 and 63,809.85, respectively. These unusually high figures may suggest instances of rapid collection of accounts receivable during these periods.
On the other hand, there are quarters where the receivables turnover was considerably lower, such as in March 2021 and June 2021, with ratios of 101.27 and 159.29, respectively. This could imply a slower collection of receivables during these periods, which may raise concerns about the company's liquidity or efficiency in managing its receivables.
Overall, the fluctuating pattern of the receivables turnover ratio for Monro Muffler Brake Inc suggests varying levels of effectiveness in collecting outstanding customer payments over the analyzed periods. Further analysis and comparison with industry benchmarks may provide insights into the company's credit policies, collection efforts, and potential risks associated with its accounts receivable management.
Peer comparison
Mar 31, 2024