Monro Muffler Brake Inc (MNRO)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 656,775 | 694,922 | 782,906 | 749,684 | 734,440 |
| ROE | 5.72% | 5.62% | 7.86% | 4.58% | 7.90% |
March 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $37,571K ÷ $656,775K
= 5.72%
Monro Muffler Brake Inc's Return on Equity (ROE) has exhibited fluctuating trends over the past five years. The ROE for the fiscal year ending March 31, 2024, stands at 5.72%, slightly higher compared to the prior year's ROE of 5.62%. This indicates a modest improvement in the firm's ability to generate profit relative to its shareholder equity.
However, when comparing the latest ROE to the levels from two and three years ago, there is a noticeable decline. The ROE was 7.86% for the fiscal year ending March 31, 2022, suggesting that the current profitability relative to the equity base is lower than in the past. Similarly, for the fiscal year ending March 31, 2020, the ROE was 7.90%, implying a decline in the company's profitability efficiency since then.
Overall, Monro Muffler Brake Inc's ROE performance has not shown consistent growth over the past five years. This may indicate challenges in improving profitability relative to the equity invested in the business and warrants further investigation into the factors impacting the company's financial performance.
Peer comparison
Mar 31, 2024