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 '2021', ATO's working capital turnover was -5.07, showing how efficiently working capital is deployed. Industry average for Oil/Gas Transmission in '2021' stood at -1.45.
• In '2022', ATO's working capital turnover was -6.85, showing how efficiently working capital is deployed. The decline from '2021' may indicate some operational or financial challenges. Industry average for Oil/Gas Transmission in '2022' stood at -2.70. Industry average declined by 1.25 from previous year.
• In '2023', ATO's working capital turnover was -8.37, showing how efficiently working capital is deployed. The decline from '2022' may indicate some operational or financial challenges. Industry average for Oil/Gas Transmission in '2023' stood at -3.35. Industry average declined by 0.65 from previous year.
• In '2024', ATO's working capital turnover was -15.42, showing how efficiently working capital is deployed. The decline from '2023' may indicate some operational or financial challenges. Industry average for Oil/Gas Transmission in '2024' stood at -2.56. Industry average increased by 0.79 compared to previous year.
Overall, ATO'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.