Mister Car Wash Inc (MCW)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 851,841 | 835,560 | 692,541 |
| Receivables | US$ in thousands | 21,018 | 19,123 | 23,886 |
| Receivables turnover | 40.53 | 43.69 | 28.99 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $851,841K ÷ $21,018K
= 40.53
The receivables turnover ratio of Mister Car Wash Inc has shown a decreasing trend over the past three years, declining from 31.75 in 2021 to 45.84 in 2022 and further dropping to 44.11 in 2023. This indicates that the company is taking longer to collect its accounts receivable. A lower turnover ratio may suggest potential issues with credit policies, collection efforts, or the creditworthiness of customers. It is important for the company to closely monitor and improve its accounts receivable management to ensure efficient collection of outstanding balances and maintain healthy cash flow.
Peer comparison
Dec 31, 2023
Company name
Symbol
Receivables turnover
Mister Car Wash Inc
MCW
40.53
Monro Muffler Brake Inc
MNRO
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