Monro Muffler Brake Inc (MNRO)
Working capital 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 |
| Total current assets | US$ in thousands | 253,289 | 258,467 | 245,502 | 266,525 | 596,020 |
| Total current liabilities | US$ in thousands | 455,156 | 449,177 | 321,964 | 290,616 | 254,936 |
| Working capital turnover | — | — | — | — | 3.60 |
March 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,258,140K ÷ ($253,289K – $455,156K)
= —
Based on the available data, the working capital turnover ratio for Monro Muffler Brake Inc is not provided for the years ending on March 31, 2024, 2023, 2022, and 2021. However, for the fiscal year ending on March 31, 2020, the working capital turnover was 3.60 times.
The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales revenue. A higher working capital turnover ratio indicates that the company is effectively managing its working capital by efficiently converting it into sales.
Without the data for the more recent years, it is difficult to assess the trend in Monro Muffler Brake Inc's working capital turnover. It would be beneficial to have additional information to conduct a more thorough analysis of the company's working capital efficiency over the years.
Peer comparison
Mar 31, 2024