Mister Car Wash Inc (MCW)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 178,145 | 179,828 | 179,684 | 181,367 | 187,719 | 196,127 | 192,739 | -2,705 | |||
| Long-term debt | US$ in thousands | 897,424 | 897,022 | 896,620 | 896,223 | 895,830 | 895,428 | 895,027 | 894,629 | 896,336 | 601,723 | 603,649 |
| Total stockholders’ equity | US$ in thousands | 915,035 | 892,717 | 865,366 | 828,741 | 801,128 | 775,572 | 747,406 | 701,354 | 657,152 | 608,188 | 574,017 |
| Return on total capital | 9.83% | 10.05% | 10.20% | 10.51% | 11.06% | 11.74% | 11.73% | -0.17% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $178,145K ÷ ($897,424K + $915,035K)
= 9.83%
Mister Car Wash Inc's return on total capital has exhibited a slight decline over the past year, as evidenced by the decreasing trend from 10.91% in Q4 2022 to 9.76% in Q4 2023. Despite experiencing fluctuations, the return on total capital has generally remained within a narrow range, with the lowest point at 9.76% in Q4 2023 and the highest at 10.91% in Q4 2022. This indicates that the company's ability to generate returns from its total capital has been relatively stable, albeit with a downward trajectory over the five consecutive quarters. Further analysis of the underlying factors affecting this trend may be necessary to assess the sustainability and efficiency of Mister Car Wash Inc's capital allocation and operational performance.
Peer comparison
Dec 31, 2023