Working Capital As Percentage Of Price (Historical) Formula in Excel

In this guide, we'll explore how to use the Working Capital As Percentage Of Price (Historical) formula in Excel with MarketXLS. This powerful function allows you to quickly analyze a company's working capital in relation to its share price over different historical periods, helping you make informed investment decisions. Discover its practical usage, syntax, parameters, real-world examples, and more.

Understanding Working Capital As Percentage Of Price (Historical)

Working capital is the difference between a company's current assets and current liabilities. Using this formula, you can:

• Evaluate an organization's short-term financial health throughout historical periods.
• Compare the company's working capital efficiency to its share price.
• Track changes over quarterly, annual, or trailing twelve-month (TTM) intervals.

This function is particularly useful when you need a quick percentage measure of financial solvency relative to price.

Syntax and Parameters

Below is the basic syntax for the Working Capital As Percentage Of Price (Historical) formula:

=hf_Working_Capital_as_Percentage_of_Price(Symbol, year, [quarter], [TTM])

• Symbol – Ticker symbol or security descriptor (e.g., "MSFT", "^SPX", "@MSFT 110122C00020000", "BTCUSD:DEFAULT").
• year – A string representing the year (e.g., "2022", "ly", "lq-1", etc.).
• quarter – An optional string for the calendar quarter (1 to 4, defaults to "1").
• TTM – An optional string; set to "TTM" for trailing twelve months data.

?? Note: Returns "NA" if the symbol is invalid, license is not active, or if data for the specified period is unavailable.

Parameter Definitions

Return Value

• The function returns a numeric value indicating the percentage of Working Capital / Share Price for the specified period.
• If data is unavailable or an error occurs, it returns "NA".

? Pro Tip: Because this function makes API calls to retrieve data, consider referencing results in cells rather than calling the function repeatedly to improve performance.

Examples and Usage

Below are practical examples demonstrating how to use this formula in your Excel worksheets:

• Basic usage with a symbol, year, and default quarter:

  =hf_Working_Capital_as_Percentage_of_Price("MSFT", "2022")

• Specifying both year and quarter:

  =hf_Working_Capital_as_Percentage_of_Price("MSFT", "2022", "2")

• Retrieving trailing twelve months (TTM) data:

  =hf_Working_Capital_as_Percentage_of_Price("MSFT", "2022", "3", "TTM")

• Using special codes for last quarter or last year:

  =hf_Working_Capital_as_Percentage_of_Price("MSFT", "lq")
  =hf_Working_Capital_as_Percentage_of_Price("MSFT", "ly-1")

• Referencing a cell for dynamic year input:

  =hf_Working_Capital_as_Percentage_of_Price(A1, "2022")

• Using Excel functions to generate the year:

  =hf_Working_Capital_as_Percentage_of_Price("MSFT", TEXT(A1, "yyyy"))

?? Note: Replace "MSFT" with your desired symbol such as "^SPX" for the S&P 500 Index, "@MSFT 110122C00020000" for options, or "BTCUSD:DEFAULT" for cryptocurrency.

Common Questions

1. What if I receive an "NA" result?

This typically indicates:

• Invalid or unsupported symbol.
• Data for the specified period is not available.
• License or plan does not include the specific data feed.

2. Can I use this function for multiple periods at once?

Yes. Simply reference different cells containing varying years and quarters, or create multiple formulas side by side.

3. Does this formula impact performance?

Because the formula fetches data from external sources, many calls can slow your spreadsheet. Use intermediate cells to store results or limit calls to necessary instances.

4. Why do I see strange or outdated data?

MarketXLS updates data based on API availability. If you notice inconsistencies, refresh your data or contact support for assistance.

? Pro Tip: Combine this formula with other historical fundamentals functions like Revenue (Historical) to build comprehensive financial dashboards and gain deeper insights into company performance.