MCW has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
MCW has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Mister Car Wash's annualized net income for the quarter that ended in Mar. 2024 was $66.5 Mil. Mister Car Wash's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $-329.7 Mil. Therefore, Mister Car Wash's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was Negative Tangible Equity%.
The historical rank and industry rank for Mister Car Wash's Return-on-Tangible-Equity or its related term are showing as below:
The historical data trend for Mister Car Wash's Return-on-Tangible-Equity 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.
Mister Car Wash Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Return-on-Tangible-Equity | Negative Tangible Equity | Negative Tangible Equity | - | Negative Tangible Equity | Negative Tangible Equity |
Mister Car Wash Quarterly Data | ||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity |
For the Personal Services subindustry, Mister Car Wash's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
For the Personal Services industry and Consumer Cyclical sector, Mister Car Wash's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mister Car Wash's Return-on-Tangible-Equity falls into.
Mister Car Wash's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 80.13 | / | ( (-432.302 | + | -337.366 ) | / 2 ) | |
= | 80.13 | / | -384.834 | ||||
= | Negative Tangible Equity % |
Mister Car Wash's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | 66.548 | / | ( (-337.366 | + | -322.033) | / 2 ) | |
= | 66.548 | / | -329.6995 | ||||
= | Negative Tangible Equity % |
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Mister Car Wash (NYSE:MCW) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Thank you for viewing the detailed overview of Mister Car Wash's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
From GuruFocus
By Tom Kerr, CFA • 08-29-2023
By Business Wire Business Wire • 04-28-2022
By Business Wire Business Wire • 05-18-2022
By Business Wire Business Wire • 06-02-2022
By Business Wire Business Wire • 04-18-2023
By Business Wire • 10-19-2023
By Business Wire Business Wire • 04-01-2022
By Business Wire • 08-03-2023
By Business Wire Business Wire • 07-28-2022
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.