Monro Muffler Brake Inc (MNRO)
Gross profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 452,103 | 456,175 | 481,836 | 395,195 | 476,658 |
| Revenue | US$ in thousands | 1,258,140 | 1,309,380 | 1,335,730 | 1,098,070 | 1,228,730 |
| Gross profit margin | 35.93% | 34.84% | 36.07% | 35.99% | 38.79% |
March 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $452,103K ÷ $1,258,140K
= 35.93%
The gross profit margin of Monro Muffler Brake Inc has shown some fluctuations over the past five years. The company's gross profit margin was 35.93% as of March 31, 2024, which is a slight increase compared to the previous year. The trend over the five-year period shows some variability, with margins ranging from 34.84% to 38.79%.
While the gross profit margin represents the percentage of revenue that exceeds the cost of goods sold, it's essential to consider the reasons behind the changes in this ratio. Variations in the cost of goods sold, pricing strategies, inventory management, and competition within the industry can all influence the gross profit margin.
Overall, a consistently healthy gross profit margin is crucial for the company's financial performance and sustainability. It indicates the efficiency of the company's operations in generating profit from its core business activities. Monitoring this ratio over time can provide insights into Monro Muffler Brake Inc's ability to maintain competitive pricing, manage costs effectively, and achieve profitability.
Peer comparison
Mar 31, 2024