Mister Good Will vs Net Receivables Analysis

MCW Stock  USD 7.88  0.17  2.20%   
Mister Car financial indicator trend analysis is infinitely more than just investigating Mister Car Wash recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mister Car Wash is a good investment. Please check the relationship between Mister Car Good Will and its Net Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mister Car Wash. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Good Will vs Net Receivables

Good Will vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mister Car Wash Good Will account and Net Receivables. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Mister Car's Good Will and Net Receivables is 0.86. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Mister Car Wash, assuming nothing else is changed. The correlation between historical values of Mister Car's Good Will and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Mister Car Wash are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Good Will i.e., Mister Car's Good Will and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.86
Relationship DirectionPositive 
Relationship StrengthStrong

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Net Receivables

Most indicators from Mister Car's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mister Car Wash current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mister Car Wash. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
At this time, Mister Car's Tax Provision is fairly stable compared to the past year. Selling General Administrative is likely to climb to about 177.8 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 16.98 in 2024.
 2021 2022 2023 2024 (projected)
Other Operating Expenses786.1M689.7M748.9M714.5M
Gross Profit493.2M608.0M647.7M553.4M

Mister Car fundamental ratios Correlations

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0.960.84-0.890.95-0.820.980.950.970.860.860.920.320.97-0.74-0.76-0.810.320.830.990.950.82-0.90.830.990.89
-0.91-0.950.82-0.87-0.82-0.86-0.92-0.86-0.96-0.75-0.92-0.6-0.910.950.950.72-0.6-0.59-0.82-0.73-0.620.73-0.94-0.8-0.95
0.970.87-0.890.950.98-0.860.950.970.890.880.920.40.98-0.79-0.8-0.870.40.80.990.910.86-0.910.870.960.91
1.00.96-0.80.990.95-0.920.950.980.980.90.980.571.0-0.9-0.92-0.760.570.650.930.90.8-0.830.960.920.99
0.990.91-0.830.990.97-0.860.970.980.930.950.980.440.99-0.82-0.85-0.840.440.720.970.960.88-0.920.920.940.94
0.961.0-0.730.960.86-0.960.890.980.930.870.970.70.96-0.97-0.98-0.720.70.520.850.810.74-0.761.00.821.0
0.910.86-0.690.940.86-0.750.880.90.950.870.910.450.91-0.77-0.79-0.850.450.570.880.910.96-0.910.870.80.86
0.980.95-0.80.980.92-0.920.920.980.980.970.910.520.98-0.89-0.91-0.760.520.640.910.920.79-0.850.950.90.96
0.540.74-0.080.550.32-0.60.40.570.440.70.450.520.51-0.81-0.8-0.151.0-0.190.290.210.3-0.120.740.260.68
1.00.94-0.840.990.97-0.910.981.00.990.960.910.980.51-0.87-0.89-0.80.510.710.960.930.82-0.870.940.950.97
-0.88-0.980.61-0.87-0.740.95-0.79-0.9-0.82-0.97-0.77-0.89-0.81-0.871.00.6-0.81-0.35-0.73-0.65-0.620.61-0.98-0.69-0.96
-0.9-0.990.63-0.89-0.760.95-0.8-0.92-0.85-0.98-0.79-0.91-0.8-0.891.00.61-0.8-0.37-0.75-0.69-0.640.63-0.99-0.71-0.97
-0.79-0.690.86-0.78-0.810.72-0.87-0.76-0.84-0.72-0.85-0.76-0.15-0.80.60.61-0.15-0.78-0.88-0.81-0.910.96-0.7-0.77-0.7
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0.690.47-0.940.640.83-0.590.80.650.720.520.570.64-0.190.71-0.35-0.37-0.78-0.190.860.790.61-0.830.460.870.56
0.960.83-0.920.940.99-0.820.990.930.970.850.880.910.290.96-0.73-0.75-0.880.290.860.950.86-0.930.830.980.87
0.910.78-0.830.930.95-0.730.910.90.960.810.910.920.210.93-0.65-0.69-0.810.210.790.950.85-0.930.780.940.82
0.820.73-0.670.860.82-0.620.860.80.880.740.960.790.30.82-0.62-0.64-0.910.30.610.860.85-0.920.740.760.73
-0.86-0.730.88-0.86-0.90.73-0.91-0.83-0.92-0.76-0.91-0.85-0.12-0.870.610.630.96-0.12-0.83-0.93-0.93-0.92-0.73-0.87-0.75
0.951.0-0.680.950.83-0.940.870.960.921.00.870.950.740.94-0.98-0.99-0.70.740.460.830.780.74-0.730.790.99
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0.980.99-0.750.960.89-0.950.910.990.941.00.860.960.680.97-0.96-0.97-0.70.680.560.870.820.73-0.750.990.86
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Mister Car Account Relationship Matchups

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