Mister Car Wash Inc (MCW)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Payables turnover | 5.43 | 6.44 | 11.35 | |
| Number of days of payables | days | 67.19 | 56.71 | 32.17 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.43
= 67.19
Mister Car Wash Inc's number of days of payables has shown variability over the past three years. In 2023, the number of days of payables increased to 43.95 days from 34.87 days in 2022, indicating that the company took longer to pay off its creditors in 2023 compared to the previous year. This might suggest that Mister Car Wash Inc extended its payment terms or faced challenges in managing its payables effectively.
Furthermore, comparing the data to 2021, where the number of days of payables was 37.64 days, we see that in 2023, the company's payables period increased even further. This trend could potentially highlight a possible shift in the company's working capital management or supplier relationships, as a longer payables period may impact cash flow and overall liquidity.
Overall, the increasing number of days of payables for Mister Car Wash Inc from 2021 to 2023 indicates a need for further investigation into the company's payment policies, supplier negotiations, and potential implications for its financial stability and operational efficiency.
Peer comparison
Dec 31, 2023