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2002 Working Capital Survey - Chart 24
Industrial & Commercial Services
CFO Staff, CFO Magazine

INDUSTRIAL & COMMERCIAL SERVICES

Company Name Sales ($ Mill.) DWC DWC Change Over Last Year DWC 3 Year Ave. DPO DPO Change Over Last Year DPO 3 Year Ave. Inven- tory Turns Inven- tory Turns Change Over Last Year Inven- tory Turns 3 Year Ave. DSO DSO Change Over Last Year DSO 3 Year Ave. CCE CCE 3 Year Ave.

COMDISCO, INC.

$2,706

77

-39

83

15

-5

21

18

1

20

79

-43

91

120%

99%

VIAD CORP.

$1,659

13

-9

15

13

-4

16

27

5

22

14

-10

16

120%

65%

FISERV INC.

$1,890

44

3

-87

16

-2

147

0

0

0

60

1

60

23%

24%

FIRST DATA CORP.

$6,451

-64

-1

-63

124

-2

124

0

0

0

59

-3

61

22%

22%

PAYCHEX INC.

$787

39

4

36

8

-1

8

0

0

0

47

3

43

39%

34%

REPUBLIC SERVICES, INC.

$2,258

23

-1

27

15

-3

16

0

0

0

38

-4

42

20%

20%

CONVERGYS CORP.

$2,321

8

3

-3

57

-4

62

0

0

0

65

0

59

14%

16%

SABRE HOLDINGS CORP.

$2,103

29

-22

39

28

-5

29

0

0

0

57

-27

68

20%

21%

WASTE MANAGEMENT INC.

$11,322

20

2

18

26

1

27

80

-20

85

44

3

42

21%

17%

SERVICEMASTER L.P.

$3,601

32

-1

40

13

-1

15

36

0

32

37

-2

46

36%

19%

DST SYSTEMS INC.

$1,660

58

-15

67

24

-2

26

0

0

0

80

-17

89

22%

22%

IMS HEALTH INC.

$1,333

53

6

53

9

-2

11

0

0

0

63

3

63

24%

20%

AUTOMATIC DATA PROCESSING INC.

$7,018

43

-2

45

8

1

8

0

0

0

51

-1

53

21%

18%

ALLIED WASTE INDUSTRIES INC.

$5,565

19

-3

26

30

-1

35

0

0

0

49

-3

61

16%

15%

EQUIFAX, INC.

$1,139

59

-5

57

4

-1

8

0

0

0

63

-6

65

22%

19%

AIRBORNE, INC.

$3,211

3

-6

13

16

-4

18

70

7

62

14

-10

26

9%

10%

RYDER SYSTEM, INC.

$5,006

27

20

22

19

-7

23

51

6

48

41

13

40

6%

10%

UNITED PARCEL SERVICE, INC.

$30,646

36

6

31

21

0

20

0

0

0

57

6

50

13%

10%

FEDEX CORP.

$19,629

28

-5

30

23

1

23

46

1

41

47

-4

48

10%

10%

DONNELLEY [R R] & SONS CO.

$5,298

35

-8

43

20

-4

23

35

10

26

47

-9

54

10%

12%

ELECTRONIC DATA SYSTEMS CORP.

$21,543

34

13

24

61

-8

67

0

0

0

96

5

91

8%

9%

PITTSTON COMPANY (THE)

$3,624

24

1

27

26

-4

29

0

0

0

50

-4

55

9%

9%

EXPEDITORS INTERNATIONAL OF WASHINGTON,

$1,653

19

-6

26

43

-6

46

0

0

0

63

-12

72

10%

8%

ROBERT HALF INTERNATIONAL INC.

$2,453

36

-10

43

5

-2

6

0

0

0

41

-12

49

11%

10%

CINTAS CORP.

$2,161

70

5

66

7

-3

9

6

-1

7

41

-2

42

11%

12%

CONCORD EFS, INC.

$1,707

211

32

191

105

10

86

1

-1

1

48

-52

68

39%

30%

BANTA CORP.

$1,458

47

-10

54

25

-3

26

16

5

13

54

-5

58

12%

10%

ARAMARK CORP.

$7,789

22

-7

27

22

0

21

17

1

16

24

-6

28

6%

5%

MPS GROUP, INC.

$1,548

42

-16

49

11

1

13

0

0

0

54

-15

62

12%

8%

ADMINISTAFF, INC.

$4,373

0

-1

0

0

0

0

0

0

0

0

0

0

0%

1%

WESCO INTERNATIONAL INC.

$3,658

13

-8

18

47

3

45

8

0

8

22

-3

22

4%

3%

STAFF LEASING, INC.

$3,180

8

1

7

1

0

1

0

0

0

9

1

8

0%

1%

COMPUTER SCIENCES CORP.

$10,524

73

4

70

17

2

17

0

0

0

91

6

87

8%

9%

QUANTA SERVICES INC.

$2,015

50

-7

52

37

-6

43

64

-5

69

82

-13

90

10%

6%

PEROT SYSTEMS CORP.

$1,205

38

-9

40

11

-1

12

0

0

0

49

-9

52

8%

4%

WORLD FUEL SERVICES CORP.

$1,529

15

-7

21

17

-8

19

291

182

157

30

-13

38

2%

1%

BOWNE & CO., INC.

$1,055

53

-9

60

14

-1

16

37

14

26

60

-6

67

7%

7%

WACKENHUT CORP.

$2,809

29

1

28

4

-1

5

49

6

38

32

0

32

2%

2%

AFFILIATED COMPUTER SERVICES, INC.

$2,064

78

11

71

7

-2

8

201

-27

161

83

9

77

7%

8%

DONALDSON COMPANY, INC.

$1,137

78

0

77

32

2

29

7

1

7

74

6

70

7%

9%

SPHERION CORP.

$2,713

33

-9

38

14

-4

19

0

0

0

47

-13

57

-1%

3%

EMERGE INTERACTIVE INC.

$1,195

2

-2

3

4

-1

4

172

-42

171

4

-3

5

-1%

-3%

KELLY SERVICES INC.

$4,257

41

-5

44

6

0

6

0

0

0

46

-5

50

3%

3%

EGL INC.

$1,672

33

-14

42

47

-4

52

0

0

0

80

-18

94

1%

2%

CELLSTAR CORP.

$2,434

31

-6

37

34

-19

41

10

2

10

32

-19

44

2%

1%

ENCOMPASS SERVICES CORP.

$3,905

45

-21

57

25

-1

25

126

24

116

68

-21

79

6%

3%

AMERICAN MANAGEMENT SYSTEMS, INC.

$1,183

72

-12

78

4

-1

5

0

0

0

76

-13

83

9%

6%

CDI CORP.

$1,488

57

-12

67

7

-2

8

0

0

0

64

-14

75

7%

4%

INTEGRATED ELECTRICAL SERVICES INC.

$1,693

43

-22

53

35

-36

47

63

15

59

74

-56

95

1%

1%

IT GROUP, INC.

$1,447

47

-15

62

64

7

63

0

0

0

111

-8

125

3%

2%

MANPOWER INC.

$10,484

53

-2

55

13

-2

14

0

0

0

67

-4

69

1%

1%

VOLT INFORMATION SCIENCES, INC.

$1,932

54

-11

57

22

-4

23

50

24

33

69

-9

70

5%

1%

ABM INDUSTRIES INC.

$1,950

64

-3

64

9

0

10

66

5

63

69

-3

69

3%

2%

ANIXTER INTERNATIONAL INC.

$3,144

46

-21

93

29

-23

42

5

2

4

18

-13

59

9%

6%

URS CORP.

$2,319

55

-1

62

21

1

24

0

0

0

76

-1

86

2%

1%

BELL MICROPRODUCTS INC.

$2,007

48

-15

57

42

-5

45

9

3

7

54

-5

57

2%

-1%

ARROW ELECTRONICS, INC.

$10,128

79

-35

96

24

-20

34

6

2

5

53

-22

65

17%

4%

IKON OFFICE SOLUTIONS INC.

$5,273

131

3

126

15

0

14

11

0

10

125

4

118

8%

8%

GATX CORP.

$1,489

290

-42

280

72

-16

82

0

0

0

362

-59

362

22%

26%

USEC INC.

$1,144

366

91

290

53

13

53

1

-1

1

56

-48

85

18%

17%

PSINET INC.

$996

-46

-2

-47

112

17

109

0

0

0

66

15

62

-35%

-34%

INDUSTRIAL & COMMERCIAL SERVICES Average

$4,196

50

-4

50

27

-3

31

26

4

22

59

-9

65

14%

11%



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