Monro Muffler Brake Inc (MNRO)
Return on total capital
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 71,425 | 79,750 | 101,298 | 72,238 | 101,702 |
| Long-term debt | US$ in thousands | 102,000 | 105,000 | 176,466 | 190,000 | 566,400 |
| Total stockholders’ equity | US$ in thousands | 656,775 | 694,922 | 782,906 | 749,684 | 734,440 |
| Return on total capital | 9.41% | 9.97% | 10.56% | 7.69% | 7.82% |
March 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $71,425K ÷ ($102,000K + $656,775K)
= 9.41%
Monro Muffler Brake Inc's return on total capital has shown mixed performance over the past five years. The return on total capital decreased from 10.56% in 2022 to 7.69% in 2021 before increasing slightly to 7.82% in 2020. However, there was a rebound in the return on total capital in 2023 and 2024, reaching 9.97% and 9.41%, respectively.
Overall, Monro Muffler Brake Inc has maintained a return on total capital above 7% in the past five years, indicating the company's ability to generate profits from its total capital employed. The recent uptick in the return on total capital may suggest improved efficiency and profitability in capital utilization by the company. Further analysis of underlying financial and operational factors could help in understanding the drivers behind these fluctuations in return on total capital.
Peer comparison
Mar 31, 2024