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', COIN's working capital turnover was 1.13, showing how efficiently working capital is deployed. Industry average for Finance: Consumer Services in '2021' stood at 0.62.
• In '2022', COIN's working capital turnover was 0.51, showing how efficiently working capital is deployed. The decline from '2021' may indicate some operational or financial challenges. Industry average for Finance: Consumer Services in '2022' stood at 0.94. Industry average increased by 0.32 compared to previous year.
• In '2023', COIN's working capital turnover was 0.54, showing how efficiently working capital is deployed. The increase since '2022' reflects strengthening financial performance. Industry average for Finance: Consumer Services in '2023' stood at 0.68. Industry average declined by 0.26 from previous year.
• In '2024', COIN's working capital turnover was 0.82, showing how efficiently working capital is deployed. The increase since '2023' reflects strengthening financial performance. Industry average for Finance: Consumer Services in '2024' stood at 0.75. Industry average increased by 0.07 compared to previous year.
Overall, COIN'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.