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', USEG's working capital turnover was 2.06, showing how efficiently working capital is deployed. Industry average for Oil & Gas Production in '2021' stood at 0.15.
• In '2022', USEG's working capital turnover was 486.91, showing how efficiently working capital is deployed. The increase since '2021' reflects strengthening financial performance. Industry average for Oil & Gas Production in '2022' stood at 0.78. Industry average increased by 0.64 compared to previous year.
• In '2023', USEG's working capital turnover was -11.23, showing how efficiently working capital is deployed. The decline from '2022' may indicate some operational or financial challenges. Industry average for Oil & Gas Production in '2023' stood at 0.60. Industry average declined by 0.19 from previous year.
• In '2024', USEG's working capital turnover was -7.74, showing how efficiently working capital is deployed. The increase since '2023' reflects strengthening financial performance. Industry average for Oil & Gas Production in '2024' stood at 0.97. Industry average increased by 0.38 compared to previous year.
Overall, USEG'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.