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', MUSA's working capital turnover was 187.68, showing how efficiently working capital is deployed. Industry average for Retail-Auto Dealers and Gas Stations in '2021' stood at 3.07.
• In '2022', MUSA's working capital turnover was -1343.62, showing how efficiently working capital is deployed. The decline from '2021' may indicate some operational or financial challenges. Industry average for Retail-Auto Dealers and Gas Stations in '2022' stood at 3.04. Industry average declined by 0.03 from previous year.
• In '2023', MUSA's working capital turnover was -247.89, showing how efficiently working capital is deployed. The increase since '2022' reflects strengthening financial performance. Industry average for Retail-Auto Dealers and Gas Stations in '2023' stood at 2.14. Industry average declined by 0.90 from previous year.
• In '2024', MUSA's working capital turnover was -164.52, showing how efficiently working capital is deployed. The increase since '2023' reflects strengthening financial performance. Industry average for Retail-Auto Dealers and Gas Stations in '2024' stood at 2.16. Industry average increased by 0.02 compared to previous year.
Overall, MUSA'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.