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Days Inventory is also known as Days Sales of Inventory (DSI). Monro's Average Total Inventories for the three months ended in Dec. 2023 was $154 Mil. Monro's Cost of Goods Sold for the three months ended in Dec. 2023 was $205 Mil. Hence, Monro's Days Inventory for the three months ended in Dec. 2023 was 68.34.
The historical rank and industry rank for Monro's Days Inventory or its related term are showing as below:
During the past 13 years, Monro's highest Days Inventory was 87.37. The lowest was 64.68. And the median was 82.10.
Monro's Days Inventory increased from Dec. 2022 (56.86) to Dec. 2023 (68.34). It might indicate that Monro's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. Monro's Inventory Turnover for the three months ended in Dec. 2023 was 1.34.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Monro's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.48.
The historical data trend for Monro's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Monro Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 80.30 | 83.89 | 87.37 | 68.33 | 65.86 |
Monro Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Days Inventory | Get a 7-Day Free Trial | 56.86 | 63.63 | 61.93 | 63.41 | 68.34 |
For the Auto Parts subindustry, Monro's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Vehicles & Parts industry and Consumer Cyclical sector, Monro's Days Inventory distribution charts can be found below:
* The bar in red indicates where Monro's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Monro's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as
Days Inventory (A: Mar. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Mar. 2022 ) | + | Total Inventories (A: Mar. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Mar. 2023 ) | * | Days in Period |
= | ( (166.271 | + | 147.397) | / | 2 ) | / | 869.207 | * | 365 |
= | 156.834 | / | 869.207 | * | 365 | ||||
= | 65.86 |
Monro's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:
Days Inventory (Q: Dec. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Sep. 2023 ) | + | Total Inventories (Q: Dec. 2023 )) | / | count ) | / | Cost of Goods Sold (Q: Dec. 2023 ) | * | Days in Period |
= | ( (146.679 | + | 160.36) | / | 2 ) | / | 204.976 | * | 365 / 4 |
= | 153.5195 | / | 204.976 | * | 365 / 4 | ||||
= | 68.34 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Monro (NAS:MNRO) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Monro's Inventory Turnover for the three months ended in Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 204.976 | / | 153.5195 | |
= | 1.34 |
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Monro's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 153.5195 | / | 317.653 | |
= | 0.48 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Thank you for viewing the detailed overview of Monro's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael T Broderick | director, officer: CEO & President | 26555 NORTHWESTERN HIGHWAY, SOUTHFIELD MI 48033 |
Hope B Woodhouse | director | 1601 UTICA AVENUE, SUITE 900, ST. LOUIS PARK MN 55416 |
John L Auerbach | director | 200 HOLLEDER PARKWAY, ROCHESTER NY 14615 |
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Stephen C Mccluski | director | 80 ARKAY DRIVE, HAUPPAUGE NY 11788 |
Nicholas P Hawryschuk | officer: Vice President - Finance | 200 HOLLEDER PARKWAY, ROCHESTER NY 14615 |
Matt Henson | officer: Chief Human Resource Officer | 200 HOLLEDER PARKWAY, ROCHESTER NY 14615 |
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Donald Glickman | director | 535 MADISON AVENUE, NEW YORK NY 10022 |
Maureen Mulholland | officer: Senior VP, General Counsel | C/O MONRO, INC., 200 HOLLEDER PARKWAY, ROCHESTER NY 14615 |
Raymond L Pickens | officer: Divisional Vice President | 6606 SWEET AIR LANE, ELDERSBURG MD 21784 |
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