Mister Car Wash, Inc. Common Stock (MCW)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 181,409 | 186,483 | 179,953 | 174,140 | 178,145 | 179,828 | 179,684 | 181,367 | 187,719 | 196,148 | 192,760 | 499 | -4,510 | 18,218 | 21,926 | 164,116 | 143,098 |
| Total assets | US$ in thousands | 3,101,800 | 3,045,870 | 2,973,150 | 2,925,260 | 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 | 1,977,570 | 1,948,450 |
| Operating ROA | 5.85% | 6.12% | 6.05% | 5.95% | 6.18% | 6.29% | 6.35% | 6.67% | 6.99% | 7.45% | 7.53% | 0.02% | -0.18% | 0.88% | 1.07% | 8.30% | 7.34% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $181,409K ÷ $3,101,800K
= 5.85%
The operating return on assets (ROA) for Mister Car Wash, Inc. Common Stock has fluctuated over the years based on the data provided. As of December 31, 2020, the operating ROA was 7.34%, indicating that the company generated a return of 7.34% on its operating assets. This figure increased to 8.30% by March 31, 2021, showcasing an improvement in the company's efficiency in generating earnings from its assets.
However, there was a significant decline in the operating ROA to 1.07% by June 30, 2021, and further dropped to 0.88% by September 30, 2021. The trend of decreasing ROA continued into December 31, 2021, where the operating ROA turned negative at -0.18%, signaling that the company's earnings generated from its operating assets were insufficient to cover operating expenses.
Subsequently, there was a slight recovery in the operating ROA to 0.02% by March 31, 2022, and a more significant improvement to 7.53% by June 30, 2022. The operating ROA remained relatively stable around the 6-7% range from September 30, 2022, to December 31, 2024, with minor fluctuations.
Overall, the analysis of Mister Car Wash, Inc. Common Stock's operating return on assets demonstrates a mix of fluctuations and stabilization in its efficiency in generating earnings from its operating assets over the years. It is essential for investors and stakeholders to monitor these trends to assess the company's operational performance and financial health.
Peer comparison
Dec 31, 2024