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', FNKO's working capital turnover was 6.14, showing how efficiently working capital is deployed. Industry average for Recreational Games/Products/Toys in '2021' stood at 3.36.
• In '2022', FNKO's working capital turnover was 9.47, showing how efficiently working capital is deployed. The increase since '2021' reflects strengthening financial performance. Industry average for Recreational Games/Products/Toys in '2022' stood at 3.26. Industry average declined by 0.10 from previous year.
• In '2023', FNKO's working capital turnover was 22.88, showing how efficiently working capital is deployed. The increase since '2022' reflects strengthening financial performance. Industry average for Recreational Games/Products/Toys in '2023' stood at 3.37. Industry average increased by 0.11 compared to previous year.
• In '2024', FNKO's working capital turnover was -60.53, showing how efficiently working capital is deployed. The decline from '2023' may indicate some operational or financial challenges. Industry average for Recreational Games/Products/Toys in '2024' stood at 3.04. Industry average declined by 0.32 from previous year.
Overall, FNKO'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.