Trade working capital

In business finance, trade working capital (TWC){{cite web |last1=Johnson |first1=Rose |title=Trade Working Capital Vs. Total Working Capital |url=https://smallbusiness.chron.com/trade-working-capital-vs-total-working-capital-34033.html |website=smallbusiness.chron.com |access-date=20 June 2025}}{{cite web |title=What Is Trade Working Capital and Its Formula? |url=https://www.acquire.fi/glossary/trade-working-capital-definition-calculation-and-example |website=acquire.fi |access-date=20 June 2025 |language=en}} is the difference between current assets and current liabilities related to the everyday operations of a company. TWC is usually expressed in percentage of sales.