Mister Car Wash Inc (MCW)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 851,841 | 835,560 | 692,541 |
| Total current assets | US$ in thousands | 60,894 | 106,137 | 58,844 |
| Total current liabilities | US$ in thousands | 169,561 | 154,493 | 130,229 |
| Working capital turnover | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $851,841K ÷ ($60,894K – $169,561K)
= —
Working capital turnover is a financial metric that indicates how efficiently a company utilizes its working capital to generate sales revenue. The formula for calculating working capital turnover is:
Working Capital Turnover = Net Sales / Average Working Capital
However, since the specific values for the formula are not provided in the table, we are unable to calculate the working capital turnover for Mister Car Wash Inc for the years 2021, 2022, and 2023.
Working capital turnover is a significant ratio in evaluating a company's operational efficiency and liquidity management. A higher working capital turnover ratio generally indicates that the company is efficiently using its working capital to support its sales operations. Conversely, a lower ratio may suggest inefficiencies in managing working capital or challenges in generating sales revenue.
Without the necessary data points from the table, we are unable to offer a detailed analysis of Mister Car Wash Inc's working capital turnover performance for the specified years. It is essential for the company to monitor this ratio over time to assess its operational effectiveness and financial health.
Peer comparison
Dec 31, 2023