Mister Car Wash, Inc. Common Stock (MCW)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 290,705 | 363,717 | 268,467 | 265,171 | 193,971 |
| Inventory | US$ in thousands | 5,728 | 8,952 | 9,174 | 6,334 | 6,415 |
| Inventory turnover | 50.75 | 40.63 | 29.26 | 41.86 | 30.24 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $290,705K ÷ $5,728K
= 50.75
Based on the data provided, the inventory turnover for Mister Car Wash, Inc. Common Stock has shown fluctuating trends over the years. In December 31, 2020, the inventory turnover was 30.24, which increased to 41.86 by December 31, 2021, indicating an improvement in inventory management efficiency. However, by December 31, 2022, the inventory turnover decreased to 29.26, suggesting a decrease in the rate at which inventory is sold or turned over.
Subsequently, there was a rebound in the inventory turnover ratio to 40.63 by December 31, 2023, showcasing a recovery in the efficiency of managing inventory levels. Finally, by December 31, 2024, the inventory turnover reached 50.75, signifying a significant increase and suggesting that inventory was sold and replenished at a faster pace compared to previous years.
In conclusion, while there have been fluctuations in the inventory turnover ratio for Mister Car Wash, Inc. Common Stock over the years, the general trend indicates improvements in inventory management efficiency, with a notable increase in turnover observed in recent years. It is vital for the company to continue monitoring and optimizing its inventory turnover to ensure optimal utilization of resources and maintain healthy financial performance.
Peer comparison
Dec 31, 2024