Monro Total Current Assets vs Inventory Analysis
MNRO Stock | USD 23.65 0.04 0.17% |
Monro Muffler financial indicator trend analysis is infinitely more than just investigating Monro Muffler Brake recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Monro Muffler Brake is a good investment. Please check the relationship between Monro Muffler Total Current Assets and its Inventory accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Monro Muffler Brake. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Total Current Assets vs Inventory
Total Current Assets vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Monro Muffler Brake Total Current Assets account and Inventory. At this time, the significance of the direction appears to have strong relationship.
The correlation between Monro Muffler's Total Current Assets and Inventory is 0.77. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Inventory in the same time period over historical financial statements of Monro Muffler Brake, assuming nothing else is changed. The correlation between historical values of Monro Muffler's Total Current Assets and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Monro Muffler Brake are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Total Current Assets i.e., Monro Muffler's Total Current Assets and Inventory go up and down completely randomly.
Correlation Coefficient | 0.77 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Inventory
Most indicators from Monro Muffler's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Monro Muffler Brake current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Monro Muffler Brake. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Monro Muffler's Selling General Administrative is very stable compared to the past year. As of the 1st of June 2024, Tax Provision is likely to grow to about 19.7 M, while Enterprise Value is likely to drop about 732.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 481.8M | 456.2M | 452.1M | 249.0M | Total Revenue | 1.4B | 1.3B | 1.3B | 639.6M |
Monro Muffler fundamental ratios Correlations
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Monro Muffler Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Monro Muffler fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.0B | 1.8B | 1.9B | 1.8B | 1.7B | 1.8B | |
Short Long Term Debt Total | 1.0B | 734.1M | 803.4M | 591.4M | 533.3M | 560.0M | |
Other Current Liab | 79.9M | 97.6M | 99.0M | 94.5M | 455.2M | 477.9M | |
Total Current Liabilities | 254.9M | 290.6M | 322.0M | 449.2M | 455.2M | 477.9M | |
Total Stockholder Equity | 734.4M | 749.7M | 782.9M | 694.9M | 656.8M | 336.4M | |
Property Plant And Equipment Net | 724.9M | 805.8M | 797.2M | 733.3M | 663.7M | 696.9M | |
Net Debt | 690.3M | 704.1M | 795.4M | 586.5M | 526.8M | 553.1M | |
Retained Earnings | 619.9M | 624.4M | 651.1M | 653.6M | 655.4M | 688.2M | |
Accounts Payable | 99.5M | 112.4M | 132.0M | 261.7M | 251.9M | 264.5M | |
Cash | 345.5M | 30.0M | 7.9M | 4.9M | 6.6M | 6.2M | |
Non Current Assets Total | 1.5B | 1.5B | 1.6B | 1.5B | 1.4B | 1.5B | |
Non Currrent Assets Other | 728.5M | 739.5M | 20.2M | 29.4M | 775.9M | 814.6M | |
Cash And Short Term Investments | 345.5M | 30.0M | 7.9M | 4.9M | 6.6M | 6.2M | |
Net Receivables | 38.8M | 41.2M | 32.7M | 13.3M | 11.7M | 13.0M | |
Common Stock Shares Outstanding | 34.0M | 33.9M | 34.0M | 32.7M | 31.9M | 35.1M | |
Liabilities And Stockholders Equity | 2.0B | 1.8B | 1.9B | 1.8B | 1.7B | 1.8B | |
Non Current Liabilities Total | 1.1B | 771.5M | 766.5M | 632.8M | 580.9M | 609.9M | |
Inventory | 187.4M | 162.3M | 166.3M | 147.4M | 154.1M | 92.2M | |
Other Current Assets | 63.1M | 74.3M | 71.3M | 106.2M | 92.6M | 97.3M | |
Other Stockholder Equity | 121.0M | 129.5M | 135.8M | 45.1M | 51.8M | 71.8M | |
Total Liab | 1.3B | 1.1B | 1.1B | 1.1B | 1.0B | 1.1B | |
Property Plant And Equipment Gross | 724.9M | 805.8M | 797.2M | 733.3M | 1.1B | 1.2B | |
Total Current Assets | 596.0M | 266.5M | 245.5M | 258.5M | 253.3M | 143.0M | |
Accumulated Other Comprehensive Income | (6.9M) | (4.6M) | (4.5M) | (4.1M) | (4.7M) | (5.0M) | |
Short Term Debt | 62.4M | 68.7M | 76.8M | 77.5M | 89.1M | 93.6M | |
Common Stock | 396K | 398K | 399K | 400K | 460K | 483K | |
Other Liab | 18.6M | 24.4M | 37.5M | 40.0M | 46.0M | 48.3M | |
Other Assets | 15.2M | 26.9M | 739.5M | 828.7M | 953.0M | 1.0B | |
Long Term Debt | 566.4M | 190M | 176.5M | 105M | 102M | 126.9M | |
Good Will | 671.8M | 689.5M | 776.7M | 736.5M | 736.4M | 773.3M | |
Common Stock Total Equity | 395K | 396K | 398K | 399K | 460K | 298.6K | |
Intangible Assets | 29.8M | 26.1M | 26.7M | 16.6M | 13.3M | 12.6M | |
Property Plant Equipment | 328.6M | 327.1M | 797.2M | 305.0M | 350.7M | 294.4M | |
Current Deferred Revenue | 13.1M | 12.0M | 14.2M | 15.4M | 17.7M | 33.0M | |
Net Tangible Assets | 32.8M | 34.1M | 782.9M | (58.1M) | (66.8M) | (63.5M) | |
Retained Earnings Total Equity | 619.9M | 624.4M | 651.1M | 653.6M | 751.6M | 554.0M | |
Long Term Debt Total | 566.4M | 190M | 176.5M | 105M | 120.8M | 114.7M | |
Capital Surpluse | 229.8M | 238.2M | 244.6M | 250.7M | 288.3M | 212.2M |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Monro Muffler Brake. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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Is Monro Muffler's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Monro Muffler. If investors know Monro will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Monro Muffler listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 11.302 | Dividend Share 1.12 | Earnings Share 1.18 | Revenue Per Share 41.316 | Quarterly Revenue Growth (0) |
The market value of Monro Muffler Brake is measured differently than its book value, which is the value of Monro that is recorded on the company's balance sheet. Investors also form their own opinion of Monro Muffler's value that differs from its market value or its book value, called intrinsic value, which is Monro Muffler's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Monro Muffler's market value can be influenced by many factors that don't directly affect Monro Muffler's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Monro Muffler's value and its price as these two are different measures arrived at by different means. Investors typically determine if Monro Muffler is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Monro Muffler's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.