Monro Muffler Brake Inc (MNRO)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 1,692,810 | 1,733,100 | 1,726,770 | 1,754,020 | 1,776,880 | 1,799,180 | 1,789,070 | 1,815,730 | 1,871,410 | 1,889,190 | 1,853,360 | 1,891,770 | 1,811,810 | 1,830,680 | 1,843,480 | 1,898,840 | 2,049,460 | 1,712,210 | 1,620,050 | 1,578,450 |
| Operating ROA | 4.22% | 3.88% | 4.04% | 4.04% | 4.49% | 4.73% | 4.95% | 5.49% | 5.41% | 5.85% | 5.33% | 4.69% | 3.99% | 2.84% | 3.68% | 4.04% | 4.96% | 7.58% | 7.96% | 8.24% |
March 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $71,425K ÷ $1,692,810K
= 4.22%
Operating return on assets (operating ROA) for Monro Muffler Brake Inc has shown fluctuations over the past several quarters.
The trend indicates a decline from the high of 8.24% in June 2019 to the recent low of 3.88% in December 2023. However, there has been some variability in the interim periods.
The company's operating ROA was above 5% consistently from June 2022 to March 2022, showing strong performance during this period. The ratio then dipped below 5% but remained relatively stable until September 2023, when it started to decrease more noticeably.
The latest figure for March 2024 stands at 4.22%, showing a slight improvement from the previous quarter. It is essential for investors and stakeholders to closely monitor this ratio to assess the company's efficiency in generating profits from its assets and its overall operational performance.
Peer comparison
Mar 31, 2024