Mister Car Wash Inc (MCW)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 17.04 | 15.77 | 17.36 | 17.19 | 15.10 | 15.81 | 19.38 | 42.95 | ||||
| DOH | days | 21.42 | 23.15 | 21.02 | 21.24 | 24.17 | 23.09 | 18.83 | 8.50 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 17.04
= 21.42
The days of inventory on hand (DOH) for Mister Car Wash Inc has shown some variability over the past five quarters. In Q4 2023, the company held inventory for an average of 11.70 days, which decreased from 12.21 days in the previous quarter (Q3 2023). This indicates that the company was able to sell its inventory more quickly in Q4 2023 compared to Q3 2023.
Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), there was a slight improvement in inventory management as the DOH decreased from 12.47 days to 11.70 days. This suggests that Mister Car Wash Inc may have become more efficient in managing its inventory levels over the year.
Overall, while there has been some fluctuation in the DOH metric, it is important for the company to continue monitoring and managing its inventory levels effectively to ensure optimal efficiency and liquidity in its operations.
Peer comparison
Dec 31, 2023