Monro Muffler Brake Inc (MNRO)
Pretax margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 51,880 | 57,167 | 77,285 | 44,191 | 74,274 |
| Revenue | US$ in thousands | 1,258,140 | 1,309,380 | 1,335,730 | 1,098,070 | 1,228,730 |
| Pretax margin | 4.12% | 4.37% | 5.79% | 4.02% | 6.04% |
March 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $51,880K ÷ $1,258,140K
= 4.12%
Monro Muffler Brake Inc's pretax margin has exhibited fluctuations over the past five years. The trend reflects a gradual decrease from 6.04% in 2020 to 4.12% in 2024. This decline indicates a decreasing profitability in relation to the company's revenue before accounting for income taxes. Although there was a slight increase in 2023, the overall trajectory suggests a potential need for cost management and efficiency improvements to enhance operating performance and increase profitability. Further analysis of cost structures, revenue streams, and operational strategies may be warranted to address the declining trend and help Monro Muffler Brake Inc achieve sustainable profitability in the future.
Peer comparison
Mar 31, 2024