WCT, or Working Capital Turnover, is a financial ratio that shows how efficiently a company uses its working capital to generate sales. It reflects the relationship between net sales and working capital, helping investors and analysts understand how well a business is operating with the resources it has.

Formula:

WCT = Net Sales / Average Working Capital

A higher WCT means the company is utilizing its short-term assets and liabilities efficiently to support sales. However, extremely high WCT may indicate a risk of low liquidity.

Why does it matter in crypto & business analysis?

For Web3 and crypto-related businesses, especially exchanges or DeFi platforms, efficient capital usage is key. WCT helps evaluate operational strength and scalability potential.

In short:

Efficient working capital = Stronger business model.

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