Monro Muffler Brake Inc (MNRO)
Return on assets (ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 37,571 | 39,048 | 61,568 | 34,319 | 58,024 |
| Total assets | US$ in thousands | 1,692,810 | 1,776,880 | 1,871,410 | 1,811,810 | 2,049,460 |
| ROA | 2.22% | 2.20% | 3.29% | 1.89% | 2.83% |
March 31, 2024 calculation
ROA = Net income ÷ Total assets
= $37,571K ÷ $1,692,810K
= 2.22%
Monro Muffler Brake Inc's return on assets (ROA) has shown some fluctuation over the past five years. In the most recent fiscal year ending on March 31, 2024, the ROA was 2.22%, a slight increase from the previous year's 2.20%. However, this ROA figure is lower compared to the 3.29% recorded in the fiscal year ending on March 31, 2022. The company's ROA was 1.89% in the fiscal year ending on March 31, 2021, and 2.83% in the fiscal year ending on March 31, 2020.
Overall, Monro Muffler Brake Inc's ROA performance indicates varying levels of efficiency in generating profits from its assets over the years. Further analysis and comparison with industry benchmarks and competitors would provide additional insights into the company's asset utilization and profitability.
Peer comparison
Mar 31, 2024