Mister Car Wash, Inc. Common Stock (MCW)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 994,727 | 927,070 | 876,506 | 758,357 | 574,941 |
| Total assets | US$ in thousands | 3,101,800 | 2,881,540 | 2,686,230 | 2,448,100 | 1,948,450 |
| Total asset turnover | 0.32 | 0.32 | 0.33 | 0.31 | 0.30 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $994,727K ÷ $3,101,800K
= 0.32
The total asset turnover ratio for Mister Car Wash, Inc. Common Stock has shown a gradual increase from 0.30 in December 2020 to 0.32 in both December 2024 and December 2022, with a peak of 0.33 in December 2022. This indicates that the company generated $0.30-$0.33 in sales for every dollar of assets held during the respective years. The slight variations in the ratio suggest that the company has been effectively utilizing its assets to generate revenue over the years. A higher total asset turnover generally signifies efficient asset management and strong operational performance.
Peer comparison
Dec 31, 2024