Monro Muffler Brake Inc (MNRO)
Net profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 37,571 | 39,048 | 61,568 | 34,319 | 58,024 |
| Revenue | US$ in thousands | 1,258,140 | 1,309,380 | 1,335,730 | 1,098,070 | 1,228,730 |
| Net profit margin | 2.99% | 2.98% | 4.61% | 3.13% | 4.72% |
March 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $37,571K ÷ $1,258,140K
= 2.99%
The net profit margin is a key financial ratio that indicates the percentage of each dollar of revenue that translates into profit after all expenses are accounted for. For Monro Muffler Brake Inc, the net profit margin has fluctuated over the past five years, ranging from 2.98% in 2023 to 4.72% in 2020.
In the most recent fiscal year ending March 31, 2024, Monro's net profit margin stood at 2.99%, a slight increase from the previous year but lower than the margins reported in 2020 and 2022. This suggests that the company's profitability has remained relatively stable, albeit slightly lower compared to previous years, possibly due to various factors impacting the company's financial performance.
Overall, the trend in Monro Muffler Brake Inc's net profit margin indicates the company's ability to generate profit from its operations and manage its expenses efficiently. Further analysis of the company's cost structure and revenue sources could provide insights into the factors influencing the changes in its net profit margin over the years.
Peer comparison
Mar 31, 2024