Monro (MNRO) Accounts Receivable : $14 Mil (As of Dec. 2023)

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What is Monro Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Monro's accounts receivables for the quarter that ended in Dec. 2023 was $14 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Monro's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 4.15.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Monro's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-32.06.

Monro Accounts Receivable Historical Data

The historical data trend for Monro's Accounts Receivable 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.

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Monro Accounts Receivable Chart

Monro Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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14.62

14.51

15.32

14.80

13.29

Monro Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															13.17	13.29	14.12	14.30	14.43

Monro Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Monro Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Monro's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	14.434	/	317.653	*	91
=	4.15

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Monro's accounts receivable are only considered to be worth 75% of book value:

Monro's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(23.846	+	0.75 * 14.434	+	0.5 * 160.36	-	1073.379
-	0.029	-	0)	/	29.9021
=	-32.06

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Monro Accounts Receivable Related Terms

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Monro (MNRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Monro Inc (NAS:MNRO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

MR2:Germany MR2:Germany

Address

200 Holleder Parkway, Rochester, NY, USA, 14615

Website

https://www.monro.com

Monro Inc is a provider automobile service stations in the United States. Through its network of company-owned service stations, Monro Muffler Brake offers maintenance, repair, tire, and fleet management services for automobiles focused largely on undercar services such as brake, steering, exhaust, drivetrain, and suspension systems. Next to service stores, the company also offers tire stores specialised in tire replacement and service.

Executives

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
Leah C. Johnson	director	182 NORTH UNION AVENUE, FARMINGTON UT 84025
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
Peter J Solomon	director	C/O PETER J SOLOMON COMPANY, 520 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Brian D Odonnell	officer: SVP - Training	200 HOLLEDER PARKWAY, ROCHESTER NY 14615
Robert E Mellor	director	SEVEN MADRONE AVE, KENTFIELD CA 94904
Robert Rajkowski	officer: COO	200 HOLLEDER PARKWAY, ROCHESTER NY 14615
Donna Maxwell	officer: CHRO	200 HOLLEDER PARKWAY, ROCHESTER NY 14615
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