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Accounting · Definition

Working Capital

The short-term capital tied up in running the business day to day.

Working capital is current assets less current liabilities — mainly inventory plus receivables minus payables. It is the money locked in the operating cycle rather than available to spend.

For product businesses it is dominated by stock. Reducing inventory days or collecting faster releases cash without earning another shilling of revenue.

How it is calculated

Working capital = Current assets − Current liabilities

Inventory, receivables and payables are the three levers you can actually move.

Working Capital is not just a definition here

Accounting runs on this vocabulary every day in AWRA OpsHub — 51 of our 257 glossary terms describe things the platform actually does.