Real Messenger Warrants(Rmsgw) 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 RMSGW 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', RMSGW's working capital turnover was 0.00, showing how efficiently working capital is deployed. Industry average for Computer Software: Programming Data Processing in '2022' stood at 1.85.
• In '2023', RMSGW's working capital turnover was 0.00, showing how efficiently working capital is deployed. The figure remained stable compared to '2022'. Industry average for Computer Software: Programming Data Processing in '2023' stood at 1.89. Industry average increased by 0.04 compared to previous year.
• In '2024', RMSGW's working capital turnover was 0.00, showing how efficiently working capital is deployed. The figure remained stable compared to '2023'. Industry average for Computer Software: Programming Data Processing in '2024' stood at 1.91. Industry average increased by 0.02 compared to previous year.
Overall, RMSGW's working capital turnover has remained generally stable over the past 3 years.
Formula: Working Capital Turnover = Net Sales / Working Capital
Good Range: Ranges 5-20 depending on business.