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2004 Working Capital Survey Tables
Days sales outstanding, days inventory outstanding, days payables outstanding, and days working capital in 67 industry sectors.
CFO Staff, CFO Magazine




FOOTWEAR
COMPANY DSO DIO DPO DWC
2003 Change '03 - '02 Change '02 - '01 2003 Change '03 - '02 Change '02 - '01 2003 Change '03 - '02 Change '02 - '01 2003 Change '03 - '02 Change '02 - '01
BROWN SHOE 16 -0% +15% 75 -4% -6% 23 -9% +1% 68 -1% -4%
Sector Average 16 -0% +15% 75 -4% -6% 23 -9% +1% 68 -1% -4%


GAS UTILITES
COMPANY DSO DIO DPO DWC
2003 Change '03 - '02 Change '02 - '01 2003 Change '03 - '02 Change '02 - '01 2003 Change '03 - '02 Change '02 - '01 2003 Change '03 - '02 Change '02 - '01
SOUTHWEST GAS 38 +4% -11% 0 N/M N/M 33 +34% -14% 5 -58% -3%
UGI 24 -8% -3% 16 -8% -5% 24 -11% +11% 16 -3% -21%
PEOPLES ENERGY 36 -18% -5% 30 +11% +56% 40 -23% +11% 26 +38% +14%
TXU GAS 27 -38% -78% 39 -16% +4% 40 -14% -69% 26 -40% -52%
ATMOS ENERGY 28 -46% +67% 22 -40% +52% 23 -55% +144% 27 -27% +8%
NATIONAL FUEL GAS 29 +24% +4% 22 -19% +33% 23 -10% -15% 29 +11% +88%
QUESTAR 62 +5% +13% 13 +7% -2% 45 -7% -4% 30 +32% +63%
SOUTHERN CALIFORNIA GAS 52 -10% +43% 8 -21% +135% 23 -8% +62% 37 -14% +47%
WGL HOLDINGS 61 +57% +7% 2 -91% -9% 25 -21% +45% 38 +17% -23%
NICOR 65 -27% +77% 32 +222% +145% 53 -51% +64% 45 N/M N/M
AGL RESOURCES 148 +579% +14% 78 +56% +19% 149 +290% +34% 77 +130% +4%
EQUITABLE RESOURCES 107 +244% +13% 56 +121% +28% 51 +9% +122% 112 N/M N/M
Sector Average 50 +8% +1% 22 +7% +23% 37 -13% +13% 35 N/M N/M

DSO: Days Sales Outstanding
DIO: Days Inventory Outstanding
DPO: Days Payables Outstanding
DWC: Days Working Capital
* Adjusted for effects of securitization
N/M: Not meaningful

Source: REL Consultancy Group



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