working capital turnover definition

working capital turnover

Ratio that shows the number of times the working capital is converted into revenue in an accounting period, or how efficient the management is in using its working capital to generate sales revenue. Formula: Sales revenue ÷ average working capital.

working capital turnover is in the Accounting & Auditing and Banking, Commerce & Finance subjects.

This content can be found on the following page:

http://www.businessdictionary.com/definition/working-capital-turnover.html