Name: Working Capital Turnover

Definition: Working capital turnover shows how efficiently the company uses its short-term resources — like cash, inventory, and receivables — to generate sales. Higher turnover means the company squeezes more sales from its working capital. Lower turnover may indicate inefficient inventory, slow collections, or too much short-term capital tied up unnecessarily.

Interpretation:
• In '2020', AGAE's working capital turnover was 0.15, showing how efficiently working capital is deployed. Industry average for Services-Misc. Amusement & Recreation in '2020' stood at 0.15.
• In '2021', AGAE's working capital turnover was 0.09, showing how efficiently working capital is deployed. The decline from '2020' may indicate some operational or financial challenges. Industry average for Services-Misc. Amusement & Recreation in '2021' stood at 1.39. Industry average increased by 1.24 compared to previous year.
• In '2022', AGAE's working capital turnover was 0.08, showing how efficiently working capital is deployed. The decline from '2021' may indicate some operational or financial challenges. Industry average for Services-Misc. Amusement & Recreation in '2022' stood at 2.21. Industry average increased by 0.82 compared to previous year.
• In '2023', AGAE's working capital turnover was 0.11, showing how efficiently working capital is deployed. The increase since '2022' reflects strengthening financial performance. Industry average for Services-Misc. Amusement & Recreation in '2023' stood at 1.83. Industry average declined by 0.39 from previous year.
Overall, AGAE's working capital turnover has been volatile but showed a downward trend over the past 4 years.

Formula: Working Capital Turnover = Net Sales / Working Capital

Good Range: Ranges 5-20 depending on business.