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', SKYW's working capital turnover was -21.53, showing how efficiently working capital is deployed. Industry average for Air Freight/Delivery Services in '2021' stood at 0.32.
• In '2022', SKYW's working capital turnover was 82.66, showing how efficiently working capital is deployed. The increase since '2021' reflects strengthening financial performance. Industry average for Air Freight/Delivery Services in '2022' stood at -2.66. Industry average declined by 2.99 from previous year.
• In '2023', SKYW's working capital turnover was 76.90, showing how efficiently working capital is deployed. The decline from '2022' may indicate some operational or financial challenges. Industry average for Air Freight/Delivery Services in '2023' stood at -3.13. Industry average declined by 0.47 from previous year.
• In '2024', SKYW's working capital turnover was -16.22, showing how efficiently working capital is deployed. The decline from '2023' may indicate some operational or financial challenges. Industry average for Air Freight/Delivery Services in '2024' stood at -3.48. Industry average declined by 0.35 from previous year.
Overall, SKYW's working capital turnover has been volatile but showed an upward trend over the past 4 years.

Formula: Working Capital Turnover = Net Sales / Working Capital

Good Range: Ranges 5-20 depending on business.