Monro Muffler Brake Inc (MNRO)
Operating profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 71,425 | 67,264 | 69,727 | 70,845 | 79,751 | 85,042 | 88,632 | 99,637 | 101,299 | 110,554 | 98,806 | 88,753 | 72,237 | 51,917 | 67,800 | 76,732 | 101,702 | 129,753 | 128,892 | 130,043 |
| 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 |
| Operating profit margin | 5.68% | 5.34% | 5.46% | 5.52% | 6.11% | 6.43% | 6.67% | 7.40% | 7.59% | 8.43% | 7.88% | 7.44% | 6.58% | 4.82% | 6.04% | 6.63% | 8.28% | 10.55% | 10.65% | 10.90% |
March 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $71,425K ÷ $1,257,454K
= 5.68%
Monro Muffler Brake Inc's operating profit margin has shown fluctuations over the past several quarters. The operating profit margin represents the percentage of revenue that remains after subtracting operating expenses from gross profit.
The trend in Monro's operating profit margin appears to have been somewhat inconsistent. In the most recent quarter, as of March 31, 2024, the operating profit margin stood at 5.68%, showing a slight increase compared to the previous quarter's 5.34%. However, when compared to the same quarter in the previous year, there has been a decline from 6.11%.
Looking further back, the operating profit margin has displayed a downward trend since the beginning of 2022 when it peaked at 8.43%. Subsequently, there has been a gradual decrease in the operating profit margin, with some fluctuations along the way.
It is important to note that a declining trend in operating profit margin could indicate inefficiencies in managing operating expenses relative to revenue generation. Monro Muffler Brake Inc may want to closely monitor and assess its cost structure to potentially improve operational efficiency and enhance profitability.
Peer comparison
Mar 31, 2024