Monro Muffler Brake Inc (MNRO)
Operating profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 71,425 | 79,750 | 101,298 | 72,238 | 101,702 |
| Revenue | US$ in thousands | 1,258,140 | 1,309,380 | 1,335,730 | 1,098,070 | 1,228,730 |
| Operating profit margin | 5.68% | 6.09% | 7.58% | 6.58% | 8.28% |
March 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $71,425K ÷ $1,258,140K
= 5.68%
Monro Muffler Brake Inc's operating profit margin has shown fluctuations over the past five years. The margin stood at 5.68% as of March 31, 2024, which declined from 6.09% in the previous year and indicates a decrease in the company's ability to convert sales into operating profits. Comparing this to the trend over the past five years, with 7.58% recorded in 2022, 6.58% in 2021, and 8.28% in 2020, the recent decrease suggests a potential issue with cost management or variable revenue streams impacting profitability. Further analysis of the company's cost structure and revenue sources may be necessary to identify the underlying reasons for the declining operating profit margin.
Peer comparison
Mar 31, 2024