Mister Car Wash (Mister Car Wash) ROCE % : 6.72% (As of Mar. 2024)

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What is Mister Car Wash ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Mister Car Wash's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.72%.

Mister Car Wash ROCE % Historical Data

The historical data trend for Mister Car Wash's ROCE % 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 ROCE % Chart

Mister Car Wash Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

6.19

9.77

-0.37

7.74

6.79

Mister Car Wash Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													7.16	8.09	6.46	5.47	6.72

Mister Car Wash ROCE % Calculation

Mister Car Wash's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	178.145	/	( ( (2686.232 - 154.493)	+	(2881.536 - 169.561) )	/ 2 )
	=	178.145	/	( (2531.739	+	2711.975)	/ 2 )
	=	178.145	/	2621.857
	=	6.79 %

Mister Car Wash's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	183.408	/	( ( (2881.536 - 169.561)	+	(2925.261 - 174.669) )	/ 2 )
	=	183.408	/	( ( 2711.975	+	2750.592 )	/ 2 )
	=	183.408	/	2731.2835
	=	6.72 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Mister Car Wash (NYSE:MCW) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Mister Car Wash ROCE % 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 » ROCE %

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