Monro Other Stockholder Equity vs Total Liab Analysis

MNRO Stock  USD 26.60  0.44  1.63%   
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 Other Stockholder Equity and its Total Liab 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 closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Other Stockholder Equity vs Total Liab

Other Stockholder Equity vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Monro Muffler Brake Other Stockholder Equity account and Total Liab. At this time, the significance of the direction appears to have weak relationship.
The correlation between Monro Muffler's Other Stockholder Equity and Total Liab is 0.33. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Liab 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 Other Stockholder Equity and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Monro Muffler Brake are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Other Stockholder Equity i.e., Monro Muffler's Other Stockholder Equity and Total Liab go up and down completely randomly.

Correlation Coefficient

0.33
Relationship DirectionPositive 
Relationship StrengthVery Weak

Other Stockholder Equity

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
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 closely tied 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 20th of September 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 Profit481.8M456.2M452.1M249.0M
Total Revenue1.4B1.3B1.3B639.6M

Monro Muffler fundamental ratios Correlations

0.940.870.840.820.980.970.950.730.420.990.490.420.790.730.950.750.860.410.990.880.720.890.660.810.68
0.940.770.660.780.920.960.810.520.620.90.410.620.730.631.00.710.680.550.950.750.830.830.470.640.53
0.870.770.90.580.90.840.820.840.20.890.370.20.720.50.790.460.890.120.880.930.460.950.470.830.86
0.840.660.90.530.860.770.860.980.050.880.380.050.640.520.70.440.97-0.10.850.950.360.920.630.950.89
0.820.780.580.530.780.80.830.40.30.810.350.30.620.630.770.960.610.690.740.530.710.570.660.530.35
0.980.920.90.860.780.980.910.740.320.980.380.320.740.670.930.680.870.380.980.890.630.940.610.860.78
0.970.960.840.770.80.980.880.640.380.970.360.380.740.650.960.690.780.50.960.830.670.90.520.780.7
0.950.810.820.860.830.910.880.770.220.960.540.220.80.80.820.790.880.350.90.850.60.810.810.840.65
0.730.520.840.980.40.740.640.77-0.030.770.31-0.030.520.40.560.310.94-0.270.750.890.240.850.540.890.87
0.420.620.20.050.30.320.380.22-0.030.280.311.00.310.230.630.380.070.370.470.180.870.250.08-0.03-0.15
0.990.90.890.880.810.980.970.960.770.280.450.280.780.710.910.720.890.380.970.90.620.910.660.860.75
0.490.410.370.380.350.380.360.540.310.310.450.310.780.540.440.430.360.120.450.520.410.290.520.360.15
0.420.620.20.050.30.320.380.22-0.031.00.280.310.310.230.630.380.070.370.470.180.870.250.08-0.03-0.15
0.790.730.720.640.620.740.740.80.520.310.780.780.310.70.740.630.660.330.760.780.540.660.640.640.5
0.730.630.50.520.630.670.650.80.40.230.710.540.230.70.630.680.560.480.640.570.480.470.820.580.31
0.951.00.790.70.770.930.960.820.560.630.910.440.630.740.630.70.710.50.970.780.830.840.490.670.56
0.750.710.460.440.960.680.690.790.310.380.720.430.380.630.680.70.540.660.660.450.770.430.760.440.18
0.860.680.890.970.610.870.780.880.940.070.890.360.070.660.560.710.54-0.010.860.90.420.890.670.90.84
0.410.550.12-0.10.690.380.50.35-0.270.370.380.120.370.330.480.50.66-0.010.33-0.010.540.10.19-0.04-0.15
0.990.950.880.850.740.980.960.90.750.470.970.450.470.760.640.970.660.860.330.890.730.930.580.810.72
0.880.750.930.950.530.890.830.850.890.180.90.520.180.780.570.780.450.9-0.010.890.430.940.60.940.88
0.720.830.460.360.710.630.670.60.240.870.620.410.870.540.480.830.770.420.540.730.430.490.440.280.09
0.890.830.950.920.570.940.90.810.850.250.910.290.250.660.470.840.430.890.10.930.940.490.450.890.9
0.660.470.470.630.660.610.520.810.540.080.660.520.080.640.820.490.760.670.190.580.60.440.450.680.37
0.810.640.830.950.530.860.780.840.89-0.030.860.36-0.030.640.580.670.440.9-0.040.810.940.280.890.680.91
0.680.530.860.890.350.780.70.650.87-0.150.750.15-0.150.50.310.560.180.84-0.150.720.880.090.90.370.91
Click cells to compare fundamentals

Monro Muffler Account Relationship Matchups

Monro Muffler fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.0B1.8B1.9B1.8B1.7B1.8B
Short Long Term Debt Total1.0B734.1M803.4M591.4M533.3M560.0M
Other Current Liab79.9M97.6M99.0M94.5M110.4M115.9M
Total Current Liabilities254.9M290.6M322.0M449.2M455.2M477.9M
Total Stockholder Equity734.4M749.7M782.9M694.9M656.8M336.4M
Property Plant And Equipment Net724.9M805.8M797.2M733.3M663.7M696.9M
Net Debt690.3M704.1M795.4M586.5M526.8M553.1M
Retained Earnings619.9M624.4M651.1M653.6M655.4M688.2M
Accounts Payable99.5M112.4M132.0M261.7M251.9M264.5M
Cash345.5M30.0M7.9M4.9M6.6M6.2M
Non Current Assets Total1.5B1.5B1.6B1.5B1.4B1.5B
Non Currrent Assets Other728.5M739.5M20.2M29.4M775.9M814.6M
Cash And Short Term Investments345.5M30.0M7.9M4.9M6.6M6.2M
Net Receivables38.8M41.2M32.7M13.3M41.1M43.1M
Common Stock Shares Outstanding34.0M33.9M34.0M32.7M31.9M35.1M
Liabilities And Stockholders Equity2.0B1.8B1.9B1.8B1.7B1.8B
Non Current Liabilities Total1.1B771.5M766.5M632.8M580.9M609.9M
Inventory187.4M162.3M166.3M147.4M154.1M92.2M
Other Current Assets63.1M74.3M71.3M106.2M92.6M97.3M
Other Stockholder Equity121.0M129.5M135.8M45.1M4.4M4.2M
Total Liab1.3B1.1B1.1B1.1B1.0B1.1B
Property Plant And Equipment Gross724.9M805.8M797.2M733.3M1.1B1.2B
Total Current Assets596.0M266.5M245.5M258.5M253.3M143.0M
Accumulated Other Comprehensive Income(6.9M)(4.6M)(4.5M)(4.1M)(3.5M)(3.6M)
Short Term Debt62.4M68.7M76.8M77.5M77.7M81.6M
Common Stock396K398K399K400K460K483K
Other Liab18.6M24.4M37.5M40.0M46.0M48.3M
Other Assets15.2M26.9M739.5M828.7M953.0M1.0B
Long Term Debt566.4M190M176.5M105M102M126.9M
Good Will671.8M689.5M776.7M736.5M736.4M773.3M
Common Stock Total Equity395K396K398K399K460K298.6K
Intangible Assets29.8M26.1M26.7M16.6M13.3M12.6M
Property Plant Equipment328.6M327.1M797.2M305.0M350.7M294.4M
Current Deferred Revenue13.1M12.0M14.2M15.4M15.2M14.4M
Net Tangible Assets32.8M34.1M782.9M(58.1M)(66.8M)(63.5M)
Retained Earnings Total Equity619.9M624.4M651.1M653.6M751.6M554.0M
Long Term Debt Total566.4M190M176.5M105M120.8M114.7M
Capital Surpluse229.8M238.2M244.6M250.7M288.3M212.2M

Pair Trading with Monro Muffler

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Monro Muffler position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Monro Muffler will appreciate offsetting losses from the drop in the long position's value.

Moving together with Monro Stock

  0.7AN AutoNationPairCorr

Moving against Monro Stock

  0.77BQ Boqii Holding LimitedPairCorr
  0.69FIVE Five BelowPairCorr
  0.63M Macys IncPairCorr
  0.63YJ Yunji IncPairCorr
  0.59JL J Long GroupPairCorr
The ability to find closely correlated positions to Monro Muffler could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Monro Muffler when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Monro Muffler - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Monro Muffler Brake to buy it.
The correlation of Monro Muffler is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Monro Muffler moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Monro Muffler Brake moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Monro Muffler can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Information and Resources on Investing in Monro Stock

When determining whether Monro Muffler Brake offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Monro Muffler's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Monro Muffler Brake Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Monro Muffler Brake Stock:
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 closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Is Automotive Retail space 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
(0.33)
Dividend Share
1.12
Earnings Share
1.09
Revenue Per Share
40.716
Quarterly Revenue Growth
(0.10)
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.