Monro Muffler Brake Inc (MNRO)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 71,425 | 67,264 | 69,727 | 70,845 | 79,751 | 85,042 | 88,632 | 99,637 | 101,299 | 110,554 | 98,806 | 88,753 | 72,237 | 51,917 | 67,800 | 76,732 | 101,702 | 129,753 | 128,892 | 130,043 |
| Long-term debt | US$ in thousands | 102,000 | 94,000 | 55,000 | 65,000 | 105,000 | 130,000 | 130,000 | 110,000 | 176,466 | 195,000 | 170,000 | 198,000 | 190,000 | 190,000 | 231,300 | 326,200 | 566,400 | 196,985 | 168,912 | 160,000 |
| 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 |
| Return on total capital | 9.41% | 8.92% | 9.23% | 9.32% | 9.97% | 10.23% | 10.41% | 11.33% | 10.56% | 11.32% | 10.48% | 9.28% | 7.69% | 5.61% | 7.01% | 7.26% | 7.82% | 13.75% | 14.28% | 14.80% |
March 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $71,425K ÷ ($102,000K + $656,775K)
= 9.41%
Return on total capital is a key financial ratio that measures a company's ability to generate profits from the total capital invested in the business. Monro Muffler Brake Inc's return on total capital has exhibited fluctuations over the past 20 quarters. The ratio ranged from a low of 5.61% in December 2020 to a high of 14.80% in June 2019.
In recent quarters, the company's return on total capital has shown some variability, with values fluctuating around the 9-11% range. The most recent data point, as of March 31, 2024, shows a return on total capital of 9.41%. This indicates that for every dollar of total capital invested in the company, it generated a return of 9.41 cents in profits during that quarter.
Overall, the trend in Monro Muffler Brake Inc's return on total capital suggests that the company has been relatively stable in its ability to generate returns on the capital employed. However, investors and stakeholders may want to closely monitor future performance to assess the company's efficiency in utilizing its total capital to generate profits.
Peer comparison
Mar 31, 2024