Mister Car Wash, Inc. Common Stock (MCW)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 359,551 | 380,212 | 350,365 | 328,237 | 303,776 | 275,726 | 271,194 | 269,721 | 268,467 | 265,237 | 260,447 | 278,960 | 265,171 | 255,148 | 241,955 | 188,150 | 193,971 |
| Inventory | US$ in thousands | 5,728 | 5,491 | 5,859 | 7,647 | 8,952 | 9,222 | 8,273 | 8,228 | 9,174 | 8,888 | 7,102 | 7,000 | 6,334 | 5,633 | 6,407 | 6,127 | 6,415 |
| Inventory turnover | 62.77 | 69.24 | 59.80 | 42.92 | 33.93 | 29.90 | 32.78 | 32.78 | 29.26 | 29.84 | 36.67 | 39.85 | 41.86 | 45.30 | 37.76 | 30.71 | 30.24 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $359,551K ÷ $5,728K
= 62.77
The inventory turnover ratio for Mister Car Wash, Inc. Common Stock provides insights into how efficiently the company is managing its inventory.
Based on the data provided, we can see that the inventory turnover ratio has been fluctuating over the years. In general, a higher inventory turnover ratio indicates that the company is selling its inventory quickly and efficiently.
From December 31, 2020, to September 30, 2022, the inventory turnover ratio saw a consistent increase from 30.24 to 29.84, peaking at 45.30 on September 30, 2021. This suggests that the company was managing its inventory well during this period.
However, from December 31, 2022, to December 31, 2024, the inventory turnover ratio experienced more fluctuations, ranging from 29.26 to 62.77. The ratio reached its highest point of 69.24 on September 30, 2024. These fluctuations may indicate changes in sales patterns, inventory management practices, or supply chain dynamics during this period.
Overall, it is essential for the company to continue monitoring its inventory turnover ratio to ensure it is optimizing inventory levels, minimizing holding costs, and maximizing sales efficiency. By analyzing and understanding these trends, Mister Car Wash, Inc. can make informed decisions to improve its operational efficiency and financial performance.
Peer comparison
Dec 31, 2024
Dec 31, 2024