Mister Car Wash Inc (MCW)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 178,145 | 187,719 | -4,510 |
| Total assets | US$ in thousands | 2,881,540 | 2,686,230 | 2,448,100 |
| Operating ROA | 6.18% | 6.99% | -0.18% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $178,145K ÷ $2,881,540K
= 6.18%
Mister Car Wash Inc's operating return on assets (ROA) is a key metric used to assess the company's efficiency in generating operating profits relative to its total assets. The trend in the operating ROA for the company over the three-year period from 2021 to 2023 shows some fluctuations.
In 2021, the company reported a negative operating ROA of -1.13%, indicating that, for that year, Mister Car Wash Inc was not efficient in generating operating profits from its assets. However, the following year in 2022, the operating ROA improved to 6.95%, showing a significant turnaround in the company's operational efficiency and profitability.
By the end of 2023, the operating ROA slightly decreased to 6.19%. Although the decrease was marginal, it suggests that Mister Car Wash Inc's ability to generate operating profits from its assets dipped slightly compared to the prior year.
Overall, while the company demonstrated a positive trend in operating ROA from 2021 to 2022, the slight decrease in 2023 may warrant further investigation into the factors affecting the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023