WORKING CAPITAL TURNOVER Definition

WORKING CAPITAL TURNOVER (WCT) shows how efficiently Working Capital (WC) is employed, i.e., it measures how efficiently the business is using its available assets. WCT measures the amount of Net Revenue generated per monetary unit of Working Capital. It varies widely by industry; therefore it is best to compare WCT to industry averages. Formula: Net Revenue / (Current Assets - Current Liabilities).

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PURE COST is any direct readily verifiable cost assignable to the subject or item, e.g., the direct cost of producing a product.

RUFIYAA is a currency of Masdives.

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