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GuruFocus has detected 1 Warning Sign with Monro Muffler Brake Inc $MNRO.
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Monro Muffler Brake Inc (NAS:MNRO)
Days Payable
40.69 (As of Dec. 2016)

Monro Muffler Brake Inc's payable for the three months ended in Dec. 2016 was USD 81 Mil. Monro Muffler Brake Inc's cost of goods sold for the three months ended in Dec. 2016 was USD 183 Mil. Hence, Monro Muffler Brake Inc's days payable for the three months ended in Dec. 2016 was 40.69.

MNRO' s Days Payable Range Over the Past 10 Years
Min: 37.57   Max: 49.06
Current: 48.97

37.57
49.06

During the past 13 years, Monro Muffler Brake Inc's highest Days Payable was 49.06. The lowest was 37.57. And the median was 41.40.

MNRO's Days Payable is ranked lower than
54% of the 943 Companies
in the Global Auto Parts industry.

( Industry Median: 53.34 vs. MNRO: 48.97 )

Monro Muffler Brake Inc's days payable declined from Dec. 2015 (43.40) to Dec. 2016 (40.69). It may suggest that Monro Muffler Brake Inc accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=69.887/557.948*365
=45.72

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=81.467/182.683*365 / 4
=40.69

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Monro Muffler Brake Inc Annual Data

Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
DaysPayable 39.6037.5744.5647.3239.7640.3649.0638.0542.4445.72

Monro Muffler Brake Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 49.1242.1442.3844.7337.6043.4046.5039.3646.7740.69
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