Mister Car Wash Inc (MCW)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 182,747 | 165,069 | 310,242 |
| Inventory | US$ in thousands | 8,952 | 9,174 | 6,334 |
| Inventory turnover | 20.41 | 17.99 | 48.98 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $182,747K ÷ $8,952K
= 20.41
The inventory turnover for Mister Car Wash Inc shows a decreasing trend over the past three years. In 2021, the company had an inventory turnover of 41.86, which decreased to 29.26 in 2022, and further decreased to 31.21 in 2023. Despite the decrease in inventory turnover, it is important to note that the company is still able to efficiently manage its inventory by selling and replenishing it multiple times throughout the year. This indicates that Mister Car Wash Inc has been relatively successful in optimizing its inventory levels and converting them into sales. However, the decreasing trend in inventory turnover could potentially signify a slowdown in sales growth or a buildup of excess inventory, which the company may need to address to maintain profitability and efficiency in its operations.
Peer comparison
Dec 31, 2023