Mister Car Wash, Inc. Common Stock (MCW)
Working capital 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 current assets | US$ in thousands | 99,090 | 60,894 | 106,137 | 58,844 | 134,970 |
| Total current liabilities | US$ in thousands | 186,968 | 169,561 | 154,493 | 130,229 | 122,947 |
| Working capital turnover | — | — | — | — | 47.82 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $994,727K ÷ ($99,090K – $186,968K)
= —
Based on the provided data for Mister Car Wash, Inc. Common Stock, the working capital turnover ratio was 47.82 as of December 31, 2020. It appears that the information for the subsequent years (2021 to 2024) is not available (marked as "—"). The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue.
With a working capital turnover ratio of 47.82 in 2020, it indicates that Mister Car Wash, Inc. was able to generate approximately $47.82 in sales for every dollar of working capital invested during that period. A high working capital turnover ratio suggests that the company is effectively managing its working capital to support its sales activities.
However, the absence of data for the following years makes it difficult to assess the trend and the continued efficiency of Mister Car Wash, Inc. in utilizing working capital to drive sales. It is recommended to monitor and analyze future financial statements to gain a more comprehensive understanding of the company's working capital turnover performance over time.
Peer comparison
Dec 31, 2024