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Monro Muffler Brake Inc (NAS:MNRO)
Days Inventory
86.83 (As of Jun. 2016)

Monro Muffler Brake Inc's average inventory for the three months ended in Jun. 2016 was $132.1 Mil. Monro Muffler Brake Inc's cost of goods sold for the three months ended in Jun. 2016 was $138.8 Mil. Hence, Monro Muffler Brake Inc's days inventory for the three months ended in Jun. 2016 was 86.83.

MNRO' s Days Inventory Range Over the Past 10 Years
Min: 84.64   Max: 89.34
Current: 86.43

84.64
89.34

During the past 13 years, Monro Muffler Brake Inc's highest Days Inventory was 89.34. The lowest was 84.64. And the median was 87.05.

MNRO's Days Inventory is ranked lower than
73% of the 1201 Companies
in the Global Auto Parts industry.

( Industry Median: 57.84 vs. MNRO: 86.43 )

Monro Muffler Brake Inc's days inventory declined from Jun. 2015 (87.61) to Jun. 2016 (86.83).

Inventory can be measured by Days Sales of Inventory (DSI). Monro Muffler Brake Inc's days sales of inventory (DSI) for the three months ended in Jun. 2016 was 50.88.

Inventory turnover measures how fast the company turns over its inventory within a year. Monro Muffler Brake Inc's inventory turnover for the three months ended in Jun. 2016 was 1.05.

Inventory to revenue ratio 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 Muffler Brake Inc's inventory to revenue ratio for the three months ended in Jun. 2016 was 0.56.


Definition

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Monro Muffler Brake Inc's Days Inventory for the fiscal year that ended in Mar. 2016 is calculated as

Days Inventory (A: Mar. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Mar. 2015 ) + Inventory (A: Mar. 2016 )) / 2 ) / COGS (A: Mar. 2016 )*Days in Period
=( (129.727 + 129.035) / 2 ) / 557.948*365
=129.381 / 557.948*365
=84.64

Monro Muffler Brake Inc's Days Inventory for the quarter that ended in Jun. 2016 is calculated as:

Days Inventory (Q: Jun. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Mar. 2016 ) + Inventory (Q: Jun. 2016 )) / 2 ) / COGS (Q: Jun. 2016 )*Days in Period
=( (129.035 + 135.16) / 2 ) / 138.826*365 / 4
=132.0975 / 138.826*365 / 4
=86.83

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

Monro Muffler Brake Inc's Days Sales of Inventory for the three months ended in Jun. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=132.0975/236.894*365 / 4
=50.88

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Monro Muffler Brake Inc's Inventory Turnover for the three months ended in Jun. 2016 is calculated as

3. 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 Muffler Brake Inc's Inventory to Revenue for the three months ended in Jun. 2016 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=132.0975 / 236.894
=0.56

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Monro Muffler Brake Inc Annual Data

Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
DaysInventory 89.3488.6288.2486.0788.9487.3586.6886.7585.8884.64

Monro Muffler Brake Inc Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysInventory 90.0090.2593.4587.0489.6487.6188.1783.3286.6286.83
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