Mister Car Wash, Inc. Common Stock (MCW)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 994,727 | 927,070 | 876,506 | 758,357 | 574,941 |
| Property, plant and equipment | US$ in thousands | — | — | 560,874 | 472,448 | 944,572 |
| Fixed asset turnover | — | — | 1.56 | 1.61 | 0.61 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $994,727K ÷ $—K
= —
The fixed asset turnover for Mister Car Wash, Inc. Common Stock has shown a significant improvement over the years. In December 2020, the fixed asset turnover was 0.61, indicating that the company generated $0.61 in revenue for every dollar invested in fixed assets. By December 2021, this ratio had increased to 1.61, demonstrating that the company was able to generate $1.61 in revenue for every dollar of fixed assets.
Although there was a slight decrease in the fixed asset turnover to 1.56 by December 2022, the ratio remained relatively high, indicating efficient utilization of fixed assets to generate revenue. Unfortunately, data for December 2023 and 2024 is not available, so it is challenging to assess the continuous trend beyond 2022.
Overall, the improving trend in fixed asset turnover from 2020 to 2022 suggests that Mister Car Wash, Inc. Common Stock has been effectively leveraging its fixed assets to drive revenue growth. This indicates potential operational efficiency and effective management of assets during this period. However, the lack of data for 2023 and 2024 makes it difficult to provide a complete analysis of the company's performance beyond 2022.
Peer comparison
Dec 31, 2024