Monro Muffler Brake Inc (MNRO)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 656,775 | 659,718 | 700,143 | 695,168 | 694,922 | 701,183 | 721,770 | 769,676 | 782,906 | 781,511 | 772,918 | 758,591 | 749,684 | 736,043 | 736,367 | 730,720 | 734,440 | 746,592 | 733,576 | 718,588 |
| ROE | 5.72% | 5.20% | 5.02% | 5.09% | 5.62% | 6.74% | 7.00% | 7.58% | 7.86% | 8.29% | 7.14% | 6.20% | 4.58% | 2.55% | 4.20% | 5.26% | 7.90% | 10.53% | 10.94% | 11.37% |
March 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $37,571K ÷ $656,775K
= 5.72%
Monro Muffler Brake Inc's return on equity (ROE) has shown some fluctuations over the past few quarters. The ROE has been on a gradual decline since reaching a high of 11.37% in June 2019, dropping to 5.72% as of March 31, 2024.
The downward trend in ROE could indicate potential challenges in efficiently utilizing shareholders' equity to generate profits. A declining ROE could be a red flag for investors, as it suggests a decrease in the company's ability to generate returns on the equity invested in the business.
It would be important for Monro Muffler Brake Inc to closely analyze the factors contributing to the decline in ROE and take necessary actions to improve efficiency and profitability. Monitoring the trend in ROE over time and comparing it to industry benchmarks can provide valuable insights into the company's financial performance and management effectiveness.
Peer comparison
Mar 31, 2024