Mister Car Wash Inc (MCW)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 4.53 | 4.18 | 3.98 | 4.66 | 5.40 | 5.09 | 5.39 | 8.88 | ||||
| Number of days of payables | days | 80.49 | 87.32 | 91.77 | 78.41 | 67.57 | 71.67 | 67.66 | 41.12 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.53
= 80.49
Mister Car Wash Inc's number of days of payables has shown some fluctuations over the past five quarters. In Q4 2022, the number of days of payables was 34.87 days, indicating that on average, it took the company around 34.87 days to pay its suppliers. This number increased steadily in the following quarters, reaching a peak of 48.61 days in Q2 2023.
However, there was a slight improvement in Q3 2023, with the number of days of payables decreasing to 46.06 days. This positive trend continued in Q4 2023, with the number further declining to 43.95 days.
Overall, the downward trend in the number of days of payables from Q2 to Q4 2023 suggests that Mister Car Wash Inc may be managing its payables more efficiently. This could be indicative of improved cash flow management or stronger vendor relationships. It is important to monitor this ratio in the future quarters to assess the company's ability to manage its payables effectively.
Peer comparison
Dec 31, 2023