Mister Car Wash, Inc. Common Stock (MCW)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 70,239 | 80,130 | 112,900 | -22,045 | 60,403 |
| Total assets | US$ in thousands | 3,101,800 | 2,881,540 | 2,686,230 | 2,448,100 | 1,948,450 |
| ROA | 2.26% | 2.78% | 4.20% | -0.90% | 3.10% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $70,239K ÷ $3,101,800K
= 2.26%
Based on the data provided, the Return on Assets (ROA) for Mister Car Wash, Inc. Common Stock has fluctuated over the years. In December 2020, the ROA stood at 3.10%, indicating that the company generated a profit of 3.10 cents for every dollar of assets. However, by December 2021, the ROA turned negative at -0.90%, suggesting that the company incurred losses relative to its assets.
The following year, in December 2022, Mister Car Wash, Inc. managed to improve its performance with an ROA of 4.20%, indicating a significant increase in profitability in comparison to the previous year. By December 2023, the ROA decreased slightly to 2.78%, but the company still maintained a positive return on its assets.
Lastly, as of December 2024, the ROA decreased further to 2.26%, showing a slight decline in the company's ability to generate profits from its assets compared to the previous year. Overall, the fluctuating ROA figures reflect the varying profitability levels and efficiency in asset utilization of Mister Car Wash, Inc. Common Stock over the years.
Peer comparison
Dec 31, 2024