Mister Car Wash (Mister Car Wash) Days Payable : 42.86 (As of Mar. 2024)

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What is Mister Car Wash Days Payable?

Mister Car Wash's average Accounts Payable for the three months ended in Mar. 2024 was $33.7 Mil. Mister Car Wash's Cost of Goods Sold for the three months ended in Mar. 2024 was $71.7 Mil. Hence, Mister Car Wash's Days Payable for the three months ended in Mar. 2024 was 42.86.

The historical rank and industry rank for Mister Car Wash's Days Payable or its related term are showing as below:

MCW' s Days Payable Range Over the Past 10 Years
Min: 23.63 Med: 36.03 Max: 43.3
Current: 43.3

During the past 5 years, Mister Car Wash's highest Days Payable was 43.30. The lowest was 23.63. And the median was 36.03.

MCW's Days Payable is ranked better than
65.66% of 99 companies
in the Personal Services industry
Industry Median: 29.13 vs MCW: 43.30

Mister Car Wash's Days Payable increased from Mar. 2023 (38.27) to Mar. 2024 (42.86). It may suggest that Mister Car Wash delayed paying its suppliers.

Mister Car Wash Days Payable Historical Data

The historical data trend for Mister Car Wash's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mister Car Wash Days Payable Chart

Mister Car Wash Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

23.63

37.79

35.60

36.03

38.73

Mister Car Wash Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													38.27	42.84	44.46	45.25	42.86

Competitive Comparison of Mister Car Wash's Days Payable

For the Personal Services subindustry, Mister Car Wash's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mister Car Wash's Days Payable Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Mister Car Wash's Days Payable distribution charts can be found below:

* The bar in red indicates where Mister Car Wash's Days Payable falls into.

Mister Car Wash Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Mister Car Wash's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (25.649	+	33.641)	/	2 )	/	279.375	*	365
=	29.645					/	279.375	*	365
=	38.73

Mister Car Wash's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (33.641	+	33.676)	/	2 )	/	71.658	*	365 / 4
=	33.6585					/	71.658	*	365 / 4
=	42.86

Mister Car Wash Days Payable Related Terms

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Mister Car Wash (Mister Car Wash) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Mister Car Wash Inc (NYSE:MCW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

222 E 5th Street, Tucson, AZ, USA, 85705

Website

https://www.mistercarwash.com

Mister Car Wash Inc is a car wash brand offering express exterior and interior cleaning services. Express Exterior Locations offers express exterior cleaning services and Interior Cleaning Locations offers both express exterior and interior cleaning services. The company recognizes revenue in two main streams. It offers an Unlimited Wash Club (UWC) program to its customers. The UWC program entitles the customer to unlimited washes for a monthly fee, cancellable at any time. Second, revenue from the car wash and quick lube services.

Executives

Joseph Duane Matheny	officer: See Remarks	C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705
Markus Hartmann	officer: General Counsel	968 JAMES STREET, SYRACUSE NY 13203
John Lo-minn Lai	director, officer: Chief Executive Officer	C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705
Myra I. Chimienti	officer: See Remarks	C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705
Jedidiah Marc Gold	officer: Chief Financial Officer	C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705
Mary Lyn Porter	officer: Chief People Officer	C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705
Casey Penn Lindsay	officer: See Remarks	C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705
Lisa Bossard Funk	officer: General Counsel	C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705
Veronica Rogers	director	C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705
Ronald Kirk	director	TEXAS INSTRUMENTS INCORPORATED, 12500 TI BOULEVARD MS 3999, DALLAS TX 75243
Green Equity Investors Vi, L.p.	director, 10 percent owner	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
John Kristofer Galashan	director, 10 percent owner	LEONARD, GREEN & PARTNERS, 11111 SANTA MONICA BLVD., SUITE 2000, LOS ANGELES CA 90025
Lgp Associates Vi-a Llc	director, 10 percent owner	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Susan E Docherty	director	THE BRINK'S COMPANY, 1801 BAYBERRY COURT, 4TH FLOOR, RICHMOND VA 23226
Lgp Associates Vi-b Llc	director, 10 percent owner	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025