Nextnrg(Nxxt) Financials: Working Capital Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - working capital turnover
This chart shows the historical trend of working capital turnover for NXXT compared to its industry average over the recent years.
Ratio Definition and Interpretation
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 '2022', NXXT's working capital turnover was 0.00, showing how efficiently working capital is deployed. Industry average for Retail-Auto Dealers and Gas Stations in '2022' stood at 3.04.
• In '2023', NXXT's working capital turnover was -8.97, showing how efficiently working capital is deployed. The decline from '2022' may indicate some operational or financial challenges. 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', NXXT's working capital turnover was -4.40, 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, NXXT's working capital turnover has been volatile but showed a downward trend over the past 3 years.
Formula: Working Capital Turnover = Net Sales / Working Capital
Good Range: Ranges 5-20 depending on business.