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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)
Selling, General, & Admin. Expense
$273 Mil (TTM As of Dec. 2016)

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Monro Muffler Brake Inc's selling, general, & admin. expense for the three months ended in Dec. 2016 was $73 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2016 was $273 Mil.


Definition

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Monro Muffler Brake Inc Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Dec. 2016 was 65.434 (Mar. 2016 ) + 66.773 (Jun. 2016 ) + 68.072 (Sep. 2016 ) + 72.526 (Dec. 2016 ) = $273 Mil.

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


Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Related Terms

Gross Profit, Cost of Goods Sold


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
SG&A 126137148170179185204225244265

Monro Muffler Brake Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
SG&A 61626066676765676873
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