Monro Muffler Brake Inc (MNRO)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 51,881 | 46,820 | 48,413 | 48,691 | 57,167 | 62,746 | 66,554 | 76,940 | 77,285 | 85,145 | 72,276 | 61,204 | 44,191 | 23,541 | 39,469 | 48,892 | 74,274 | 102,296 | 101,668 | 103,031 |
| 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 |
| Pretax margin | 4.13% | 3.72% | 3.79% | 3.80% | 4.38% | 4.75% | 5.01% | 5.72% | 5.79% | 6.49% | 5.77% | 5.13% | 4.02% | 2.18% | 3.52% | 4.22% | 6.05% | 8.32% | 8.40% | 8.63% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $51,881K ÷ $1,257,454K
= 4.13%
The pretax margin of Monro Muffler Brake Inc has fluctuated over the past 20 quarters, ranging from a low of 2.18% in December 2020 to a high of 8.63% in June 2019. The pretax margin represents the company's profitability before taxes relative to its total revenue.
In recent quarters, the pretax margin has shown a general downward trend since the peak in June 2019. The margin decreased from 4.38% in March 2023 to 3.72% in December 2023, before increasing slightly to 4.13% in March 2024.
The downward trend in pretax margin suggests that Monro Muffler Brake Inc may be facing challenges in maintaining profitability levels. Analyzing the reasons behind this decline, assessing cost management strategies, and evaluating revenue streams could provide insights into the company's financial performance and future prospects.
Peer comparison
Mar 31, 2024