Mister Car Wash Inc (MCW)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Inventory turnover | 20.41 | 17.99 | 48.98 | |
| DOH | days | 17.88 | 20.29 | 7.45 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 20.41
= 17.88
Mister Car Wash Inc's days of inventory on hand have displayed fluctuations over the past three years. The company's DOH was 11.70 days as of Dec 31, 2023, a slight improvement from 12.47 days in the previous year and higher compared to 8.72 days in 2021. This indicates that the efficiency of managing their inventory has improved from the prior year but remains higher than two years ago. Analyzing the trend of DOH can provide insights into changes in inventory management practices and potential impact on the company's operations and financial performance.
Peer comparison
Dec 31, 2023