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', INGM's working capital turnover was 11.60, showing how efficiently working capital is deployed. Industry average for Retail: Computer Software & Peripheral Equipment in '2021' stood at 4.02.
• In '2022', INGM's working capital turnover was 10.63, showing how efficiently working capital is deployed. The decline from '2021' may indicate some operational or financial challenges. Industry average for Retail: Computer Software & Peripheral Equipment in '2022' stood at 3.75. Industry average declined by 0.27 from previous year.
• In '2023', INGM's working capital turnover was 10.05, showing how efficiently working capital is deployed. The decline from '2022' may indicate some operational or financial challenges. Industry average for Retail: Computer Software & Peripheral Equipment in '2023' stood at 3.91. Industry average increased by 0.16 compared to previous year.
• In '2024', INGM's working capital turnover was 10.45, showing how efficiently working capital is deployed. The increase since '2023' reflects strengthening financial performance. Industry average for Retail: Computer Software & Peripheral Equipment in '2024' stood at 3.24. Industry average declined by 0.67 from previous year.
Overall, INGM's working capital turnover has consistently declined during the past 4 years.

Formula: Working Capital Turnover = Net Sales / Working Capital

Good Range: Ranges 5-20 depending on business.