Mister Car Wash, Inc. Common Stock (MCW)
Working capital 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 current assets | US$ in thousands | 99,090 | 52,785 | 50,656 | 52,736 | 60,894 | 105,291 | 181,530 | 104,017 | 106,137 | 112,460 | 75,817 | 101,154 | 58,844 | 190,002 | 181,403 | 157,114 | 134,970 |
| Total current liabilities | US$ in thousands | 186,968 | 193,668 | 179,950 | 174,669 | 169,561 | 174,945 | 187,108 | 153,620 | 154,493 | 141,823 | 135,863 | 141,687 | 130,229 | 136,813 | 138,311 | 121,903 | 122,947 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | 13.70 | 16.02 | 16.90 | 47.82 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $994,727K ÷ ($99,090K – $186,968K)
= —
The working capital turnover ratio for Mister Car Wash, Inc. Common Stock provides insight into how efficiently the company is utilizing its working capital to generate sales revenue. The working capital turnover ratio is calculated by dividing net sales by average working capital.
Based on the data provided:
- The working capital turnover was 47.82 as of December 31, 2020, indicating that, on average, the company generated $47.82 in sales revenue for every dollar of working capital invested during that period.
- The ratio decreased to 16.90 as of March 31, 2021, and continued to decline to 13.70 as of September 30, 2021. These decreasing values indicate a lower level of efficiency in utilizing working capital to generate sales revenue.
- The ratio remained relatively stable around the range of 16 to 17 from March 2021 to September 2021.
- However, there is no data available beyond September 2021, indicating a lack of insights into the company's working capital turnover performance for the subsequent periods.
In conclusion, the working capital turnover ratio for Mister Car Wash, Inc. Common Stock fluctuated between high and moderate values, suggesting varying levels of efficiency in converting working capital into sales revenue during the periods for which data is available. Further analysis beyond September 2021 would be needed to assess the trend and performance of this ratio in subsequent periods.
Peer comparison
Dec 31, 2024