# Working Capital Per Share Formula in Excel

The **Working Capital Per Share (Historical)** formula in Excel, integrated with MarketXLS, is a powerful tool for analyzing a company's liquidity by evaluating its working capital relative to its outstanding shares over historical periods. This function is valuable for investors and financial analysts who want to understand a company's financial health and operational efficiency.

## Understanding Working Capital Per Share
- **Purpose and Use Cases**: This formula is used to measure the working capital available per share, providing insights into how well a company can manage its short-term liabilities with its short-term assets.
- **Key Benefits**: It offers a simple way to quantify financial stability, allowing for comparisons over time or against other companies.
- **When to Use**: Use this formula when assessing the liquidity position of a company or when performing historical financial analysis.

## Syntax and Parameters

- **Complete Syntax**:
  ```excel
  =hf_Working_Capital_per_Share(Symbol, year, [quarter], [TTM])

• Parameter Table:

  Parameter	Description	Required	Example
  Symbol	The stock symbol of the company.	Yes	"MSFT"
  year	The fiscal year for the data. Supports keywords like lq or ly.	Yes	2022
  quarter	The quarter of the year (1-4). Defaults to 1 if not provided.	No	2
  TTM	Trailing twelve months indicator. Use "TTM" for calculation.	No	"TTM"

• Return Value Details: The function returns the working capital per share as a numerical value. If the data is unavailable, it returns "NA".

Examples and Usage

• Basic Examples:

  =hf_Working_Capital_per_Share("MSFT", 2022)

  Returns the working capital per share for Microsoft in the year 2022.

• Advanced Scenarios:

  =hf_Working_Capital_per_Share("MSFT", "ly-1", 4, "TTM")

  Returns the working capital per share for Microsoft for the last fiscal year's final quarter on a trailing twelve months basis.

• Real-world Applications:

  • Investors comparing liquidity across their portfolio.
  • Financial analysts tracking a company's historical performance.

Common Questions

• FAQs:

  1. What if the function returns "NA"?

     ?? Note: This indicates that the data for the specified parameters may not be available or incorrect input symbol/year was used.

  2. Can this function be used for international equities?

     ? Pro Tip: While primarily used for U.S. equities, ensure the symbol format is supported by MarketXLS for international assets.

• Troubleshooting:

  • Verify your Excel version and MarketXLS installation are up-to-date.
  • Double-check parameter inputs, especially the symbol and year format.

• Best Practices:

  • When comparing across multiple companies, ensure consistent parameter usage.
  • Utilize other fundamental financial functions in MarketXLS for comprehensive analysis.