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', TT's working capital turnover was 8.23, showing how efficiently working capital is deployed. Industry average for Auto Parts:O.E.M. in '2021' stood at 3.54.
• In '2022', TT's working capital turnover was 13.27, showing how efficiently working capital is deployed. The increase since '2021' reflects strengthening financial performance. Industry average for Auto Parts:O.E.M. in '2022' stood at 3.48. Industry average declined by 0.06 from previous year.
• In '2023', TT's working capital turnover was 23.43, showing how efficiently working capital is deployed. The increase since '2022' reflects strengthening financial performance. Industry average for Auto Parts:O.E.M. in '2023' stood at 3.15. Industry average declined by 0.33 from previous year.
• In '2024', TT's working capital turnover was 19.03, showing how efficiently working capital is deployed. The decline from '2023' may indicate some operational or financial challenges. Industry average for Auto Parts:O.E.M. in '2024' stood at 3.55. Industry average increased by 0.39 compared to previous year.
Overall, TT'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.