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', ENSG's working capital turnover was 22.53, showing how efficiently working capital is deployed. Industry average for Hospital/Nursing Management in '2021' stood at 5.68.
• In '2022', ENSG's working capital turnover was 19.17, showing how efficiently working capital is deployed. The decline from '2021' may indicate some operational or financial challenges. Industry average for Hospital/Nursing Management in '2022' stood at 4.63. Industry average declined by 1.05 from previous year.
• In '2023', ENSG's working capital turnover was 14.59, showing how efficiently working capital is deployed. The decline from '2022' may indicate some operational or financial challenges. Industry average for Hospital/Nursing Management in '2023' stood at 4.51. Industry average declined by 0.11 from previous year.
• In '2024', ENSG's working capital turnover was 11.73, showing how efficiently working capital is deployed. The decline from '2023' may indicate some operational or financial challenges. Industry average for Hospital/Nursing Management in '2024' stood at 4.24. Industry average declined by 0.28 from previous year.
Overall, ENSG'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.