Mister Car Wash, Inc. Common Stock (MCW)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 994,727 | 973,695 | 958,442 | 940,293 | 927,070 | 911,282 | 894,782 | 883,047 | 876,506 | 853,613 | 830,347 | 802,268 | 758,357 | 728,935 | 690,421 | 595,197 | 574,941 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 1,490,520 | 1,409,460 | 596,695 | 560,874 | 1,277,780 | 1,248,980 | 487,897 | 472,448 | 999,950 | 975,739 | 953,167 | — |
| Fixed asset turnover | — | — | — | — | — | 0.61 | 0.63 | 1.48 | 1.56 | 0.67 | 0.66 | 1.64 | 1.61 | 0.73 | 0.71 | 0.62 | — |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $994,727K ÷ $—K
= —
The fixed asset turnover ratio measures the efficiency of a company in generating sales from its fixed assets. A higher ratio indicates that the company is using its fixed assets more efficiently to generate revenue.
Analyzing the fixed asset turnover ratio of Mister Car Wash, Inc. Common Stock over the past few years reveals fluctuations in the company's utilization of its fixed assets:
- The ratio was not available for December 31, 2020, and remained relatively low at 0.62 as of March 31, 2021.
- There was a noticeable improvement as the ratio increased to 1.61 by December 31, 2021.
- The trend continued positively into the first quarter of 2022, reaching 1.64, indicating efficient utilization of fixed assets.
- However, there was a decline in the ratio to 0.63 by June 30, 2023, before reaching 0.61 by September 30, 2023.
- The ratio rebounded to 1.56 by December 31, 2022, demonstrating improved efficiency in generating sales from fixed assets.
- Subsequently, the ratio remained unavailable for the quarters ending in March 31, 2024, June 30, 2024, September 30, 2024, and December 31, 2024.
Overall, the analysis shows varied performance in utilizing fixed assets efficiently to generate revenue over the period under review for Mister Car Wash, Inc. Common Stock.
Peer comparison
Dec 31, 2024