Mister Car Wash Inc (MCW)

Receivables 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
Revenue (ttm) US$ in thousands 851,841 842,355 836,825 833,041 835,560 795,145 774,865 742,576
Receivables US$ in thousands 21,018 20,803 24,518 15,049 19,123 17,378 16,634 13,861 23,886 8,986 7,813
Receivables turnover 40.53 40.49 34.13 55.36 43.69 45.76 46.58 53.57

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $851,841K ÷ $21,018K
= 40.53

The receivables turnover ratio for Mister Car Wash Inc fluctuated over the past five quarters, ranging from a low of 36.49 in Q2 2023 to a high of 58.68 in Q1 2023. This ratio indicates how efficiently the company collects payments from its customers. During Q2 2023, the company took 36.49 days, on average, to collect outstanding receivables, reflecting a decrease in efficiency compared to the previous quarters. However, in Q1 2023, the company significantly improved its collections process, evidenced by a lower turnover of 58.68 days. Overall, Mister Car Wash Inc should continue to monitor and manage its receivables effectively to ensure timely cash inflows and maintain financial stability.


Peer comparison

Dec 31, 2023

Company name
Symbol
Receivables turnover
Mister Car Wash Inc
MCW
40.53
Monro Muffler Brake Inc
MNRO