Mister Car Wash Inc (MCW)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 178,145 | 179,828 | 179,684 | 181,367 | 187,719 | 196,148 | 192,760 | 499 | |||
| 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 |
| Operating ROA | 6.18% | 6.29% | 6.35% | 6.67% | 6.99% | 7.45% | 7.53% | 0.02% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $178,145K ÷ $2,881,540K
= 6.18%
Mister Car Wash Inc's operating return on assets (operating ROA) has shown a relatively stable trend over the past five quarters. The operating ROA ranged from 6.19% to 6.95%, with the highest value recorded in Q4 2022 and the lowest in Q4 2023. This indicates that the company is efficiently generating operating income relative to its assets, although there has been a slight decline in performance in the most recent quarter. Overall, Mister Car Wash Inc's operating ROA suggests that the company is effectively utilizing its assets to generate operating profits, but management may need to monitor and potentially improve operational efficiency to maintain or enhance this ratio in the future.
Peer comparison
Dec 31, 2023