Mister Car Wash Inc (MCW)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 40.53 | 40.49 | 34.13 | 55.36 | 43.69 | 45.76 | 46.58 | 53.57 | ||||
| DSO | days | 9.01 | 9.01 | 10.69 | 6.59 | 8.35 | 7.98 | 7.84 | 6.81 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 40.53
= 9.01
The Days Sales Outstanding (DSO) for Mister Car Wash Inc has exhibited variability over the past five quarters. In Q2 2023, the DSO increased to 10.00 days from 8.33 days in Q3 2023, indicating a lengthening in the time it takes to collect accounts receivable. However, this was followed by a notable improvement in Q4 2023, where the DSO decreased to 8.28 days. Comparing the DSO from the same quarter year-over-year, there was a slight increase from 7.96 days in Q4 2022 to 8.28 days in Q4 2023. Overall, these fluctuations suggest the company's ability to efficiently collect payments from its customers has been somewhat inconsistent, warranting further investigation into the company's credit policies and customer payment practices.
Peer comparison
Dec 31, 2023