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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 Inventory
80.23 (As of Mar. 2017)

Monro Muffler Brake Inc's average inventory for the three months ended in Mar. 2017 was $140 Mil. Monro Muffler Brake Inc's cost of goods sold for the three months ended in Mar. 2017 was $159 Mil. Hence, Monro Muffler Brake Inc's days inventory for the three months ended in Mar. 2017 was 80.23.

MNRO' s Days Inventory Range Over the Past 10 Years
Min: 78.7   Max: 88.94
Current: 78.7

78.7
88.94

During the past 13 years, Monro Muffler Brake Inc's highest Days Inventory was 88.94. The lowest was 78.70. And the median was 86.72.

MNRO's Days Inventory is ranked lower than
69% of the 1225 Companies
in the Global Auto Parts industry.

( Industry Median: 55.99 vs. MNRO: 78.70 )

Monro Muffler Brake Inc's days inventory declined from Mar. 2016 (86.62) to Mar. 2017 (80.23).

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 Mar. 2017 was 50.55.

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 Mar. 2017 was 1.14.

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 Mar. 2017 was 0.55.


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. 2017 is calculated as

Days Inventory (A: Mar. 2017 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Mar. 2016 ) + Inventory (A: Mar. 2017 )) / 2 ) / COGS (A: Mar. 2017 )*Days in Period
=( (129.035 + 142.604) / 2 ) / 624.622*365
=135.8195 / 624.622*365
=79.37

Monro Muffler Brake Inc's Days Inventory for the quarter that ended in Mar. 2017 is calculated as:

Days Inventory (Q: Mar. 2017 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Dec. 2016 ) + Inventory (Q: Mar. 2017 )) / 2 ) / COGS (Q: Mar. 2017 )*Days in Period
=( (136.615 + 142.604) / 2 ) / 158.788*365 / 4
=139.6095 / 158.788*365 / 4
=80.23

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 Mar. 2017 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=139.6095/252.011*365 / 4
=50.55

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 Mar. 2017 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 Mar. 2017 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=139.6095 / 252.011
=0.55

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

Monro Muffler Brake Inc Annual Data

Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16Mar17
DaysInventory 88.6288.2486.0788.9487.3586.6886.7585.8884.6479.37

Monro Muffler Brake Inc Quarterly Data

Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17Jun17
DaysInventory 89.6487.6188.1783.3286.6286.8386.4570.6880.2379.54
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