Mister Car Wash, Inc. Common Stock (MCW)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 50.75 | 40.63 | 29.26 | 41.86 | 30.24 | |
| DOH | days | 7.19 | 8.98 | 12.47 | 8.72 | 12.07 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 50.75
= 7.19
The days of inventory on hand (DOH) for Mister Car Wash, Inc. Common Stock have shown fluctuations over the past five years.
1. In December 31, 2020, the DOH was 12.07 days, indicating that, on average, Mister Car Wash held inventory for approximately 12.07 days before selling it.
2. By December 31, 2021, the DOH decreased to 8.72 days, suggesting an improvement in inventory turnover efficiency as the company reduced the number of days it held inventory before sale.
3. However, in December 31, 2022, the DOH increased to 12.47 days, suggesting a potential slowdown in inventory turnover efficiency compared to the previous year.
4. By December 31, 2023, the DOH decreased again to 8.98 days, potentially indicating a focus on managing inventory levels more effectively.
5. As of December 31, 2024, the DOH further improved to 7.19 days, reflecting a continued effort to streamline inventory management processes and increase inventory turnover.
Overall, the trend in the days of inventory on hand for Mister Car Wash, Inc. Common Stock shows some fluctuations but with an overall improvement in inventory turnover efficiency over the five-year period analyzed.
Peer comparison
Dec 31, 2024