Mister Car Wash Inc (MCW)
Total asset 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 | |||
| Total assets | US$ in thousands | 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 |
| Total asset turnover | 0.30 | 0.29 | 0.30 | 0.31 | 0.31 | 0.30 | 0.30 | 0.30 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $851,841K ÷ $2,881,540K
= 0.30
The total asset turnover of Mister Car Wash Inc has remained relatively stable over the past five quarters, averaging around 0.32 to 0.33. This ratio indicates that for every dollar of assets the company owns, it generates around 32 to 33 cents in sales. A total asset turnover ratio of 0.32 to 0.33 suggests that the company is efficiently utilizing its assets to generate revenue. However, it is crucial to consider other factors such as industry standards and competitors' performance to provide a more comprehensive assessment. Overall, Mister Car Wash Inc's consistent total asset turnover ratio reflects a consistent level of asset efficiency in generating revenue.
Peer comparison
Dec 31, 2023