Monro (MNRO) Days Payable

: 126.36 (As of Dec. 2023)

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Monro's average Accounts Payable for the three months ended in Dec. 2023 was $284 Mil. Monro's Cost of Goods Sold for the three months ended in Dec. 2023 was $205 Mil. Hence, Monro's Days Payable for the three months ended in Dec. 2023 was 126.36.

The historical rank and industry rank for Monro's Days Payable or its related term are showing as below:

MNRO' s Days Payable Range Over the Past 10 Years
Min: 39.2 Med: 45.19 Max: 117.03
Current: 117.03

During the past 13 years, Monro's highest Days Payable was 117.03. The lowest was 39.20. And the median was 45.19.

MNRO's Days Payable is ranked better than
77.28% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 65.96 vs MNRO: 117.03

Monro's Days Payable increased from Dec. 2022 (84.87) to Dec. 2023 (126.36). It may suggest that Monro delayed paying its suppliers.

Monro Days Payable Historical Data

The historical data trend for Monro's Days Payable 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.

* Premium members only.

Monro Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

46.72

47.53

52.93

50.82

82.66

Monro Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																84.87	108.00	115.33	122.47	126.36

Competitive Comparison

For the Auto Parts subindustry, Monro's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Monro Days Payable Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Monro's Days Payable distribution charts can be found below:

* The bar in red indicates where Monro's Days Payable falls into.

Monro Days Payable Calculation

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

Monro's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (131.989	+	261.724)	/	2 )	/	869.207	*	365
=	196.8565					/	869.207	*	365
=	82.66

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (280.35	+	287.33)	/	2 )	/	204.976	*	365 / 4
=	283.84					/	204.976	*	365 / 4
=	126.36

Monro Days Payable Related Terms

Thank you for viewing the detailed overview of Monro's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Monro (MNRO) Business Description

Industry

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

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