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', TOPP's working capital turnover was 19.62, showing how efficiently working capital is deployed. Industry average for Trucking Freight/Courier Services in '2022' stood at 7.13.
• In '2023', TOPP's working capital turnover was 15.47, showing how efficiently working capital is deployed. The decline from '2022' may indicate some operational or financial challenges. Industry average for Trucking Freight/Courier Services in '2023' stood at 7.12. Industry average declined by 0.01 from previous year.
• In '2024', TOPP's working capital turnover was 18.82, showing how efficiently working capital is deployed. The increase since '2023' reflects strengthening financial performance. Industry average for Trucking Freight/Courier Services in '2024' stood at 6.42. Industry average declined by 0.70 from previous year.
Overall, TOPP's working capital turnover has consistently declined during the past 3 years.

Formula: Working Capital Turnover = Net Sales / Working Capital

Good Range: Ranges 5-20 depending on business.