Monro Muffler Brake Inc (MNRO)
Total asset 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 |
| Total assets | US$ in thousands | 1,692,810 | 1,733,100 | 1,726,770 | 1,754,020 | 1,776,880 | 1,799,180 | 1,789,070 | 1,815,730 | 1,871,410 | 1,889,190 | 1,853,360 | 1,891,770 | 1,811,810 | 1,830,680 | 1,843,480 | 1,898,840 | 2,049,460 | 1,712,210 | 1,620,050 | 1,578,450 |
| Total asset turnover | 0.74 | 0.73 | 0.74 | 0.73 | 0.74 | 0.73 | 0.74 | 0.74 | 0.71 | 0.69 | 0.68 | 0.63 | 0.61 | 0.59 | 0.61 | 0.61 | 0.60 | 0.72 | 0.75 | 0.76 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,257,454K ÷ $1,692,810K
= 0.74
The total asset turnover for Monro Muffler Brake Inc has shown some fluctuations over the past few quarters, ranging primarily between 0.61 and 0.75. This ratio measures the company's efficiency in generating sales revenue from its total assets.
A total asset turnover of 0.74 as of March 31, 2024, indicates that the company generated $0.74 in revenue for every dollar of assets it holds. The consistent range of 0.61 to 0.75 suggests that Monro Muffler Brake Inc has been effectively utilizing its assets to generate revenue.
Overall, the relatively stable total asset turnover over the periods indicates that Monro Muffler Brake Inc has maintained a consistent level of efficiency in utilizing its assets to generate sales. However, it may be beneficial for the company to further analyze the underlying factors influencing these fluctuations to enhance operational efficiency and profitability.
Peer comparison
Mar 31, 2024