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2002 Working Capital Survey - Chart 31
Pharmaceutical
CFO Staff, CFO Magazine

PHARMACEUTICAL

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.

ELI LILLY AND COMPANY

$11,543

58

-4

63

20

-3

20

2

0

2

44

-10

50

32%

31%

SCHERING-PLOUGH CORP.

$9,802

62

12

50

40

2

40

2

0

2

67

14

54

26%

25%

BRISTOL-MYERS SQUIBB CO.

$19,423

72

-4

76

30

-4

33

4

1

3

74

1

73

28%

26%

JOHNSON & JOHNSON

$33,004

53

-13

62

31

5

28

3

0

3

51

-5

54

27%

24%

MERCK & CO, INC.

$47,716

28

-5

31

39

-3

42

8

1

7

40

-8

44

19%

19%

PFIZER INC.

$32,259

74

-7

78

18

-4

21

2

0

2

60

-8

67

29%

24%

ALLERGAN, INC.

$1,685

64

-10

71

23

0

22

4

0

4

61

-7

64

21%

21%

WATSON PHARMACEUTICALS INC.

$1,161

84

23

86

50

-40

60

2

1

2

54

16

62

17%

11%

IVAX CORP.

$1,215

121

-10

123

29

6

27

2

0

2

74

3

70

16%

13%

PHARMACIA CORP.

$13,837

81

-47

129

28

4

31

2

1

1

64

-8

88

14%

12%

WYETH

$14,129

99

-3

102

17

1

17

2

0

2

71

-5

73

-31%

-4%

PHARMACEUTICAL Average

$16,888

72

-6

79

30

-3

31

3

0

3

60

-2

64

18%

18%



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