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| Days sales outstanding, days inventory outstanding, days payables outstanding, and days working capital in 36 industry sectors. |
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CFO Staff,
CFO Magazine
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For a fuller discussion of working capital, return to the article "Barely Working: The 2003 Working Capital Survey"
Working Capital in 36 Industry Sectors
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| DISTRIBUTORS |
| COMPANY |
DSO |
DIO |
DPO |
DWC |
ROCE |
| 2002 |
QRT |
CHANGE |
2002 |
QRT |
CHANGE |
2002 |
QRT |
CHANGE |
2002 |
QRT |
CHANGE |
2002 |
CHANGE |
| GATEWAY |
18 |
1 |
+31% |
8 |
1 |
+8% |
24 |
4 |
+19% |
1 |
1 |
-1423% |
-35.5% |
+32% |
| INGRAM MICRO |
29* |
1 |
+0% |
25 |
2 |
+8% |
43 |
1 |
+13% |
12 |
1 |
-20% |
6.1% |
-1% |
| TECH DATA |
40* |
3 |
+10% |
23 |
1 |
+20% |
25 |
4 |
-2% |
38 |
2 |
+26% |
-6.3% |
-14% |
| PSS WORLD MEDICAL |
46 |
3 |
-4% |
31 |
2 |
-1% |
29 |
3 |
+23% |
47 |
2 |
-14% |
5.1% |
+7% |
| UNITED STATIONERS |
25* |
1 |
-26% |
54 |
4 |
-15% |
31 |
3 |
-14% |
47 |
3 |
-22% |
20.9% |
-2% |
| GRAYBAR ELECTRIC |
47 |
4 |
+3% |
47 |
3 |
+2% |
46 |
1 |
+22% |
48 |
3 |
-11% |
9.9% |
-0% |
| W W GRAINGER |
34 |
2 |
-5% |
57 |
4 |
+16% |
23 |
4 |
+8% |
67 |
4 |
+7% |
21.8% |
+2% |
| AVNET |
57* |
4 |
+21% |
58 |
4 |
+6% |
36 |
2 |
+50% |
78 |
4 |
+1% |
6.7% |
-3% |
| Sector Averages |
36 |
|
+4% |
34 |
|
+4% |
34 |
|
+13% |
36 |
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-3% |
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DSO: Days Sales Outstanding
DIO: Days Inventory Outstanding
DPO: Days Payable Outstanding
DWC: Days Working Capital
ROCE: Return on Capital Employed
QRT: Quartile
* Securitized assets added back on the balance sheet.
N/M: Not meaningful
(i): Improvement in DWC
(d): Deterioration in DWC
Source: REL Consultancy Group
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