Monro Muffler Brake Inc (MNRO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 37,571 | 34,280 | 35,144 | 35,393 | 39,048 | 47,254 | 50,507 | 58,371 | 61,568 | 64,756 | 55,152 | 47,013 | 34,319 | 18,740 | 30,937 | 38,405 | 58,024 | 78,616 | 80,267 | 81,714 |
| 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 |
| ROA | 2.22% | 1.98% | 2.04% | 2.02% | 2.20% | 2.63% | 2.82% | 3.21% | 3.29% | 3.43% | 2.98% | 2.49% | 1.89% | 1.02% | 1.68% | 2.02% | 2.83% | 4.59% | 4.95% | 5.18% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $37,571K ÷ $1,692,810K
= 2.22%
Monro Muffler Brake Inc's return on assets (ROA) has exhibited some fluctuations over the past seven quarters. The ROA ranged from a low of 1.02% in December 2020 to a high of 5.18% in June 2019. Overall, the ROA has shown a declining trend, decreasing from 5.18% in June 2019 to 2.22% in March 2024.
A lower ROA indicates that the company is less efficient in generating profits from its assets, while a higher ROA suggests better efficiency. Monro Muffler Brake Inc's declining ROA may be a cause for concern, as it signifies a decrease in the profitability of the company's assets over time.
Additional analysis beyond the ratios, such as examining the company's operating performance, asset utilization, and capital structure, would provide further insights into the factors influencing the ROA trend and help determine the underlying reasons for the decline in profitability.
Peer comparison
Mar 31, 2024