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', SHOT's working capital turnover was 0.20, showing how efficiently working capital is deployed. Industry average for Package Goods/Cosmetics in '2021' stood at 1.68.
• In '2022', SHOT's working capital turnover was 0.01, showing how efficiently working capital is deployed. The decline from '2021' may indicate some operational or financial challenges. Industry average for Package Goods/Cosmetics in '2022' stood at 0.40. Industry average declined by 1.28 from previous year.
• In '2023', SHOT's working capital turnover was 0.06, showing how efficiently working capital is deployed. The increase since '2022' reflects strengthening financial performance. Industry average for Package Goods/Cosmetics in '2023' stood at 2.53. Industry average increased by 2.13 compared to previous year.
• In '2024', SHOT's working capital turnover was -0.52, showing how efficiently working capital is deployed. The decline from '2023' may indicate some operational or financial challenges. Industry average for Package Goods/Cosmetics in '2024' stood at 2.16. Industry average declined by 0.37 from previous year.
Overall, SHOT'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.