Mister Retained Earnings vs Property Plant Equipment Analysis

MCW Stock  USD 8.09  0.02  0.25%   
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 Retained Earnings and its Property Plant Equipment 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.

Retained Earnings vs Property Plant Equipment

Retained Earnings vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mister Car Wash Retained Earnings account and Property Plant Equipment. At this time, the significance of the direction appears to have strong relationship.
The correlation between Mister Car's Retained Earnings and Property Plant Equipment is 0.73. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Property Plant Equipment 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 Retained Earnings and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Mister Car Wash are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Retained Earnings i.e., Mister Car's Retained Earnings and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Property Plant Equipment

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 Profit493.2M608.0M563.4M534.9M

Mister Car fundamental ratios Correlations

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Mister Car Account Relationship Matchups

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