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', CAR's working capital turnover was -17.24, showing how efficiently working capital is deployed. Industry average for Rental/Leasing Companies in '2021' stood at 4.47.
• In '2022', CAR's working capital turnover was -20.84, showing how efficiently working capital is deployed. The decline from '2021' may indicate some operational or financial challenges. Industry average for Rental/Leasing Companies in '2022' stood at 3.61. Industry average declined by 0.86 from previous year.
• In '2023', CAR's working capital turnover was -20.97, showing how efficiently working capital is deployed. The decline from '2022' may indicate some operational or financial challenges. Industry average for Rental/Leasing Companies in '2023' stood at -1.06. Industry average declined by 4.67 from previous year.
• In '2024', CAR's working capital turnover was -19.27, showing how efficiently working capital is deployed. The increase since '2023' reflects strengthening financial performance. Industry average for Rental/Leasing Companies in '2024' stood at 4.24. Industry average increased by 5.30 compared to previous year.
Overall, CAR'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.