Mister Car Wash, Inc. Common Stock (MCW)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 994,727 | 973,695 | 958,442 | 940,293 | 927,070 | 911,282 | 894,782 | 883,047 | 876,506 | 853,613 | 830,347 | 802,268 | 758,357 | 728,935 | 690,421 | 595,197 | 574,941 |
| Total assets | US$ in thousands | 3,101,800 | 3,045,870 | 2,973,150 | 2,925,260 | 2,881,540 | 2,859,670 | 2,830,560 | 2,717,340 | 2,686,230 | 2,631,490 | 2,560,960 | 2,502,880 | 2,448,100 | 2,079,570 | 2,043,530 | 1,977,570 | 1,948,450 |
| Total asset turnover | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.33 | 0.32 | 0.32 | 0.32 | 0.31 | 0.35 | 0.34 | 0.30 | 0.30 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $994,727K ÷ $3,101,800K
= 0.32
The total asset turnover of Mister Car Wash, Inc. Common Stock has been relatively stable over the analyzed period, ranging from 0.30 to 0.35. This ratio indicates that, on average, the company generated between 30-35 cents in revenue for every dollar of assets it had.
The increase in total asset turnover from 0.30 in December 2020 to 0.35 in September 2021 shows that the company became more efficient in generating revenue from its assets during that period. However, the ratio decreased slightly to 0.31 by December 2021 before stabilizing around 0.32 for the following years.
A consistent total asset turnover ratio suggests that the company is effectively utilizing its assets to generate sales revenue. It is important for investors and stakeholders to monitor this ratio over time to ensure that the company's asset efficiency remains stable and in line with industry standards.
Peer comparison
Dec 31, 2024