Mister Car Wash Inc (MCW)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 152,559 | 145,423 | 143,653 | 141,415 | 138,557 | 140,499 | 137,635 | 300,646 | |||
| Inventory | US$ in thousands | 8,952 | 9,222 | 8,273 | 8,228 | 9,174 | 8,888 | 7,102 | 7,000 | 6,334 | 5,633 | 6,407 |
| Inventory turnover | 17.04 | 15.77 | 17.36 | 17.19 | 15.10 | 15.81 | 19.38 | 42.95 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $152,559K ÷ $8,952K
= 17.04
The inventory turnover ratio for Mister Car Wash Inc has shown a consistent trend over the past five quarters, ranging from 29.26 to 32.78. This ratio suggests that the company is efficiently managing its inventory levels and converting its inventory into sales multiple times within a year. A higher inventory turnover ratio indicates that inventory is being sold quickly, which could be a positive sign of effective inventory management and demand for the company's products. However, it is essential to consider industry norms and peer benchmarks to fully assess the company's performance in managing its inventory levels.
Peer comparison
Dec 31, 2023
Dec 31, 2023