Monro Muffler Brake Inc (MNRO)
Working capital 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 current assets | US$ in thousands | 253,289 | 271,694 | 247,854 | 250,597 | 258,467 | 268,581 | 240,811 | 247,321 | 245,502 | 251,236 | 242,769 | 256,066 | 266,525 | 267,355 | 315,534 | 381,256 | 596,020 | 252,505 | 249,640 | 246,281 |
| Total current liabilities | US$ in thousands | 455,156 | 486,632 | 472,367 | 480,677 | 449,177 | 427,349 | 385,161 | 369,814 | 321,964 | 312,121 | 310,905 | 320,260 | 290,616 | 310,546 | 298,315 | 281,776 | 254,936 | 272,728 | 261,744 | 263,797 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 65.16 | 11.64 | 3.60 | — | — | — |
March 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,257,454K ÷ ($253,289K – $455,156K)
= —
The working capital turnover ratio for Monro Muffler Brake Inc has shown variations over the periods provided. Specifically, the working capital turnover was not available for some periods. However, for the periods where data was available, there was a significant increase in the ratio from 3.60 on June 30, 2020, to 65.16 on September 30, 2020. This indicates that the company generated $65.16 in revenue for every dollar of working capital during that period, reflecting a more efficient use of its working capital. While there may be fluctuations in the ratio due to seasonality or specific business events, a higher working capital turnover generally suggests that the company is managing its working capital effectively to support operations and generate sales. It would be important to further analyze trends over additional periods to evaluate the company's overall working capital management strategy.
Peer comparison
Mar 31, 2024