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