{"id":10254,"date":"2023-03-29T12:09:22","date_gmt":"2023-03-29T06:39:22","guid":{"rendered":"https:\/\/www.tickertape.in\/glossary\/?p=10254"},"modified":"2023-03-29T12:09:39","modified_gmt":"2023-03-29T06:39:39","slug":"working-capital-turnover-ratio","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/glossary\/working-capital-turnover-ratio\/","title":{"rendered":"Working Capital Turnover Ratio &#8211; Meaning, Formula, Pros and Cons"},"content":{"rendered":"\n<p>A company\u2019s efficiency can be measured in many ways. One of the most popular metrics used is the working <a href=\"https:\/\/www.tickertape.in\/glossary\/what-is-capital-definition-of-capital-types-and-its-importance\/\">capital<\/a> turnover ratio. This ratio signifies the rate of usage of the working capital against sales.&nbsp;<\/p>\n\n\n\n<p>In this article, we will dive into the working capital turnover ratio, how to calculate it, and what it indicates.&nbsp;&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_22 counter-hierarchy counter-numeric\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">You will Learn About: <\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/glossary\/working-capital-turnover-ratio\/#What-is-the-working-capital-turnover-ratio\" title=\"What is the working capital turnover ratio? &nbsp;\">What is the working capital turnover ratio? &nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/glossary\/working-capital-turnover-ratio\/#Working-Capital-Turnover-Ratio-Quick-Notes\" title=\"Working Capital Turnover Ratio: Quick Notes\">Working Capital Turnover Ratio: Quick Notes<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/glossary\/working-capital-turnover-ratio\/#How-to-calculate-the-working-capital-turnover-ratio\" title=\"How to calculate the working capital turnover ratio?\">How to calculate the working capital turnover ratio?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/glossary\/working-capital-turnover-ratio\/#What-does-the-working-capital-turnover-ratio-indicate\" title=\"What does the working capital turnover ratio indicate?&nbsp;\">What does the working capital turnover ratio indicate?&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/glossary\/working-capital-turnover-ratio\/#Pros-of-working-capital-turnover-ratio\" title=\"Pros of working capital turnover ratio\">Pros of working capital turnover ratio<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/glossary\/working-capital-turnover-ratio\/#Cons-of-working-capital-turnover-ratio\" title=\"Cons of working capital turnover ratio\">Cons of working capital turnover ratio<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tickertape.in\/glossary\/working-capital-turnover-ratio\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tickertape.in\/glossary\/working-capital-turnover-ratio\/#FAQs\" title=\"FAQs\">FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What-is-the-working-capital-turnover-ratio\"><\/span><strong>What is the working capital turnover ratio?<\/strong><strong> <\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The working capital turnover ratio measures the efficiency with which a company uses its assets to support sales and business growth.&nbsp;<\/p>\n\n\n\n<p>Working capital points toward the relationship between the capital used for financing day-to-day operations and the results the company generates. The main components of this ratio are net sales, cost of goods sold, and working capital.&nbsp;<\/p>\n\n\n\n<p>Understanding the working capital turnover ratio gives a company an idea of the money it has handy to spend on operations and essential payments once all the debt instalments and bills are paid.&nbsp;<\/p>\n\n\n\n<p>Companies with higher working capital ratios are perceived to be efficient in generating sales and running operations. In that case, what does a negative working capital turnover ratio mean? It indicates that a company&#8217;s operational capacity is not too efficient.&nbsp;<\/p>\n\n\n\n<p>All in all, a working capital turnover ratio is a great tool to measure a company\u2019s financial and operational performance. It can also help to see if a company can pay off the debt in a stipulated period without falling short of funds in times of higher production requirements.<\/p>\n\n\n\n<div class=\"wp-block-uagb-advanced-heading uagb-block-8293f5b7\"><h2 class=\"uagb-heading-text\"><span class=\"ez-toc-section\" id=\"Working-Capital-Turnover-Ratio-Quick-Notes\"><\/span>Working Capital Turnover Ratio: Quick Notes<span class=\"ez-toc-section-end\"><\/span><\/h2><\/div>\n\n\n\n<ul>\n<li>The working capital turnover ratio is also popularly known as net sales to working capital.<\/li>\n\n\n\n<li>The working capital turnover ratio determines how much sales a company generates against its working capital.&nbsp;<\/li>\n\n\n\n<li>The working capital turnover ratio can help understand a company&#8217;s operational efficiency.&nbsp;<\/li>\n\n\n\n<li>Companies with a higher working capital turnover ratio are more efficient in their operations and revenue generation.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"How-to-calculate-the-working-capital-turnover-ratio\"><\/span><strong>How to calculate the working capital turnover ratio?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The formula for calculating the working capital turnover ratio is \u2013<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"258\" src=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/image-18-1024x258.png\" alt=\"\" class=\"wp-image-10256\" srcset=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/image-18-1024x258.png 1024w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/image-18-300x76.png 300w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/image-18-1536x387.png 1536w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/image-18-1024x258@2x.png 2048w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/image-18-300x76@2x.png 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Image source: https:\/\/www.capchase.com<\/figcaption><\/figure><\/div>\n\n\n<p><strong>Working capital turnover ratio = Net sales\/Working capital<\/strong><\/p>\n\n\n\n<p>Or<\/p>\n\n\n\n<p><strong>Working capital turnover ratio = Cost of goods sold\/Working capital<\/strong><\/p>\n\n\n\n<p>Here,<\/p>\n\n\n\n<p>Net sales = Gross revenue \u2013 Sales return \u2013 Discount \u2013 Allowances<\/p>\n\n\n\n<p>For the management of any company, it is imperative to calculate the working capital turnover ratio, as it helps them ascertain the company\u2019s ability to utilise its current funds in facilitating its turnover. For instance, a low working capital turnover ratio could imply lower sales than expected. Thus, the management can take necessary measures to improve its sales and enable growth and development.&nbsp;<\/p>\n\n\n\n<p>Let\u2019s understand this ratio with a simple example. Assume the following details of a company&nbsp;<\/p>\n\n\n\n<p><strong>Cost of goods sold<\/strong> \u2013 Rs. 20,00,000<\/p>\n\n\n\n<p><strong>Gross profit<\/strong> \u2013 1\/3<sup>rd<\/sup> of revenue from operations<\/p>\n\n\n\n<p><strong>Current assets<\/strong> \u2013 Rs. 10,00,000&nbsp;<\/p>\n\n\n\n<p><strong>Current liabilities<\/strong> \u2013 Rs. 1,00,000<\/p>\n\n\n\n<p>The working capital turnover ratio would then be calculated as follows \u2013<\/p>\n\n\n\n<p><strong>Net Sales = Cost of goods sold + Gross profit<\/strong><\/p>\n\n\n\n<p>X = Rs. 20,00,000 + X\/3<\/p>\n\n\n\n<p>X = Rs. 30,00,000&nbsp;<\/p>\n\n\n\n<p><strong>Working Capital = Current assets \u2013 Current liabilities<\/strong><\/p>\n\n\n\n<p>= Rs. 10,00,000 \u2013 Rs. 1,00,000&nbsp;<\/p>\n\n\n\n<p>= Rs. 9,00,000&nbsp;<\/p>\n\n\n\n<p><strong>Working capital turnover ratio = Net sales\/Working capital<\/strong><\/p>\n\n\n\n<p>= 30,00,000\/9,00,000&nbsp;<\/p>\n\n\n\n<p>= 3.34:1 or 3.34 times<\/p>\n\n\n\n<p>Use Tickertape <a href=\"https:\/\/www.tickertape.in\/glossary\/stock\/\">Stock<\/a> Screener to find the working capital turnover ratio of a stock. Open the <a href=\"https:\/\/www.tickertape.in\/screener\/equity?utm_source=glossary&amp;utm_medium=article&amp;utm_campaign=\" target=\"_blank\" rel=\"noreferrer noopener\">Stock Screener<\/a>, click on &#8216;Add Filter&#8217; and search for &#8216;Working Capital Turnover Ratio&#8217;. Apart from this, there are 200+ filters that can help you in analysing a stock better. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"502\" src=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-29-at-11.50.17-AM-1024x502.png\" alt=\"\" class=\"wp-image-10255\" srcset=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-29-at-11.50.17-AM-1024x502.png 1024w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-29-at-11.50.17-AM-300x147.png 300w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-29-at-11.50.17-AM-1536x753.png 1536w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-29-at-11.50.17-AM-1024x502@2x.png 2048w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-29-at-11.50.17-AM-300x147@2x.png 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<h2><span class=\"ez-toc-section\" id=\"What-does-the-working-capital-turnover-ratio-indicate\"><\/span><strong>What does the working capital turnover ratio indicate<\/strong><strong>?&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Calculating the working capital turnover ratio depicts how effectively a company employs its resources. The more sales a company makes, the higher profitability they register, which naturally helps boost the working capital turnover ratio.&nbsp;<\/p>\n\n\n\n<p>Analysis of this ratio can enable companies to utilise their resources and working capital better. A low or negative working capital ratio means a company might be investing highly in inventory and accounts receivable to generate sales, which can lead to excessive obsolete inventory or bad debts.&nbsp;<\/p>\n\n\n\n<p>Furthermore, working capital turnover is crucial for any business, especially small ventures, as it displays the relationship between the resources used to finance the company\u2019s operations and its revenue.<\/p>\n\n\n\n<p>The right way to leverage the working capital turnover ratio is by tracking how it has been fluctuating over time and comparing it with companies in the same industry. Using this approach, companies, stakeholders and investors can determine the true operational efficiency of a company.\u00a0<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Pros-of-working-capital-turnover-ratio\"><\/span><strong>Pros of working capital turnover ratio<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are several benefits of using a working capital turnover ratio, some of which include:<\/p>\n\n\n\n<ol>\n<li><strong>Improves overall financial health<\/strong><\/li>\n<\/ol>\n\n\n\n<p>A working capital turnover ratio can help control the cash flow and analyse the inflow. A company\u2019s overall financial health can be improved by efficiently identifying how to use cash profitably.&nbsp;<\/p>\n\n\n\n<ol start=\"2\">\n<li><strong>Prevents operation interventions<\/strong><\/li>\n<\/ol>\n\n\n\n<p>By keeping the managers informed on the company\u2019s working capital turnover ratio, funds can be utilised more efficiently, minimising disruptions.<\/p>\n\n\n\n<ol start=\"3\">\n<li><strong>Helps move liquidity<\/strong><\/li>\n<\/ol>\n\n\n\n<p>When an organisation cannot maintain steady working capital, it may experience a slowdown. As the ratio helps analyse net sales and working capital requirements, the liquidity and profitability can easily be tracked. Corrective measures can then be undertaken to address liquidity gaps, if any.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Cons-of-working-capital-turnover-ratio\"><\/span><strong>Cons of working capital turnover ratio<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol>\n<li><strong>Focuses on monetary factors&nbsp;&nbsp;<\/strong><\/li>\n<\/ol>\n\n\n\n<p>A working capital turnover ratio only considers a company\u2019s most prominent metrics like profitability, growth, liquidity, indebtedness, and stability. As important as these metrics are, non-financial factors like stakeholder diversity, quality of services, utilisation of resources, and management team also play a role in influencing a company\u2019s financial health.&nbsp;<\/p>\n\n\n\n<ol start=\"2\">\n<li><strong>A very high ratio can be deceiving&nbsp;<\/strong><\/li>\n<\/ol>\n\n\n\n<p>While having a high working capital turnover ratio is considered a positive sign, it may actually signify that a business does not have the sufficient cash flow to maintain its sales growth. A company must balance its working capital to sales ratio or find itself in a situation of insolvency.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The working capital turnover ratio measures the employment of working capital for the sales generated. A low ratio indicates inefficient utilisation of working capital over time and vice-versa. It is important that investors compare this ratio with the companies in the same sector and the industry average to truly understand a company\u2019s standing.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-uagb-faq uagb-faq__outer-wrap uagb-block-ef41f0a0 uagb-faq-icon-row uagb-faq-layout-accordion uagb-faq-expand-first-true uagb-faq-inactive-other-true uagb-faq__wrap uagb-buttons-layout-wrap uagb-faq-equal-height\" data-faqtoggle=\"true\" role=\"tablist\">\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-0ca8e4fe\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>What is an ideal working capital turnover ratio?<\/strong><\/span><\/div><p class=\"uagb-faq-content\">It is ideal to have a working capital turnover ratio of 1.2 and 2. <strong>\u00a0<\/strong><\/p><\/div>\n\n\n\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-a5d1ba3a\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>Is it good for a company to have a high working capital turnover ratio?<\/strong><\/span><\/div><p class=\"uagb-faq-content\">Yes, a high working capital turnover ratio is a good sign, implying that the company is generating significant sales.\u00a0<\/p><\/div>\n\n\n\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-08846e3a\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>What if a company\u2019s working capital turnover ratio is negative?<\/strong><\/span><\/div><p class=\"uagb-faq-content\">A company\u2019s working capital turnover ratio can be negative if its current liabilities surpass its current assets. It can be measured by considering a company\u2019s net sales and dividing them by its working capital.\u00a0<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A company\u2019s efficiency can be measured in many ways. One of the most popular metrics used is the working capital turnover ratio. This ratio signifies the rate of usage of the working capital against sales.\u00a0<\/p>\n","protected":false},"author":96,"featured_media":10257,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[1],"tags":[],"jetpack_featured_media_url":"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2.png","uagb_featured_image_src":{"full":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2.png",2086,1086,false],"thumbnail":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2-150x150.png",150,150,true],"medium":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2-300x156.png",300,156,true],"medium_large":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2.png",768,400,false],"large":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2-1024x533.png",770,401,true],"1536x1536":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2-1536x800.png",1536,800,true],"2048x2048":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2-2048x1066.png",2048,1066,true],"authorship-box-avatar":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2-150x150.png",150,150,true],"authorship-box-related":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2-70x70.png",70,70,true],"post-thumbnail":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2-270x180.png",270,180,true],"contentberg-main":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2-770x515.png",770,515,true],"contentberg-main-full":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2-1170x508.png",1170,508,true],"contentberg-slider-stylish":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2-900x515.png",900,515,true],"contentberg-slider-carousel":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2-370x370.png",370,370,true],"contentberg-slider-grid-b":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2-554x466.png",554,466,true],"contentberg-slider-grid-b-sm":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2-306x466.png",306,466,true],"contentberg-slider-bold-sm":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2-150x150.png",150,150,true],"contentberg-grid":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2-370x245.png",370,245,true],"contentberg-list":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2-260x200.png",260,200,true],"contentberg-list-b":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2-370x305.png",370,305,true],"contentberg-thumb":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2-87x67.png",87,67,true],"contentberg-thumb-alt":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/01-2-150x150.png",150,150,true]},"uagb_author_info":{"display_name":"Nikitha","author_link":""},"uagb_comment_info":0,"uagb_excerpt":"A company\u2019s efficiency can be measured in many ways. One of the most popular metrics used is the working capital turnover ratio. This ratio signifies the rate of usage of the working capital against sales.\u00a0","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/posts\/10254"}],"collection":[{"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/users\/96"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/comments?post=10254"}],"version-history":[{"count":2,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/posts\/10254\/revisions"}],"predecessor-version":[{"id":10259,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/posts\/10254\/revisions\/10259"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/media\/10257"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/media?parent=10254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/categories?post=10254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/tags?post=10254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}