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| Days sales outstanding, days inventory outstanding, days payables outstanding, and days working capital in 67 industry sectors. |
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CFO Staff,
CFO Magazine
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| CHEMICALS, COMMODITY |
| 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 |
| ARCH CHEMICALS |
45 |
+22% |
-42% |
51 |
-9% |
+9% |
51 |
-3% |
+18% |
46 |
+10% |
-42% |
| LYONDELL CHEMICAL |
45 |
-0% |
+5% |
39 |
+2% |
-24% |
29 |
-0% |
-22% |
55 |
+1% |
-3% |
| OLIN |
40 |
-7% |
+16% |
56 |
-22% |
+12% |
30 |
-4% |
+11% |
66 |
-21% |
+14% |
| GEORGIA GULF |
70 |
+15% |
+7% |
31 |
-7% |
+47% |
34 |
+5% |
+47% |
68 |
+8% |
+8% |
| GENTEK |
52 |
-13% |
+11% |
33 |
-3% |
+7% |
16 |
-4% |
+10% |
70 |
-10% |
+10% |
| DU PONT |
46 |
-9% |
+2% |
56 |
-17% |
+8% |
23 |
-19% |
+22% |
79 |
-12% |
+1% |
| A SCHULMAN |
59 |
-10% |
+7% |
64 |
+0% |
+7% |
22 |
-18% |
+29% |
101 |
-1% |
+3% |
| Sector Average |
47 |
-7% |
+2% |
52 |
-15% |
+6% |
25 |
-14% |
+16% |
75 |
-10% |
+0% |
| CHEMICALS, SPECIALTY |
| 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 |
| FERRO CORP |
44 |
+19% |
-14% |
41 |
-7% |
-24% |
52 |
+5% |
-5% |
33 |
+6% |
-36% |
| TERRA INDUSTRIES |
36 |
+2% |
-1% |
25 |
-21% |
-20% |
21 |
-35% |
+25% |
39 |
+18% |
-31% |
| FOAMEX INTERNATIONAL |
51 |
-4% |
+4% |
27 |
-0% |
+3% |
28 |
+15% |
-36% |
50 |
-10% |
+42% |
| AIRGAS |
37 |
-9% |
-4% |
30 |
-12% |
-1% |
17 |
-7% |
+8% |
50 |
-12% |
-5% |
| IMC GLOBAL |
32 |
+2% |
-22% |
51 |
-18% |
+14% |
31 |
+13% |
-2% |
52 |
-21% |
-1% |
| AVERY DENNISON |
64 |
+0% |
+17% |
31 |
+4% |
+16% |
42 |
+10% |
+26% |
53 |
-4% |
+11% |
| ENGELHARD |
39 |
+6% |
+12% |
44 |
+5% |
+7% |
29 |
+33% |
-9% |
54 |
-5% |
+18% |
| PRAXAIR |
63 |
+2% |
+1% |
20 |
-0% |
-3% |
27 |
-0% |
-8% |
55 |
+2% |
+4% |
| SPARTECH |
57 |
+12% |
+9% |
38 |
-2% |
+7% |
37 |
+10% |
+15% |
58 |
+4% |
+5% |
| ECOLAB |
61 |
+2% |
-26% |
21 |
-7% |
-29% |
21 |
-7% |
-29% |
61 |
+2% |
-26% |
| CROMPTON |
35 |
+32% |
+6% |
65 |
-1% |
-0% |
39 |
-2% |
+25% |
62 |
+16% |
-11% |
| AIR PRODUCTS & CHEMICALS |
69 |
+4% |
+14% |
28 |
+4% |
+3% |
35 |
+7% |
+0% |
62 |
+2% |
+17% |
| EASTMAN CHEMICAL |
51 |
+2% |
-4% |
44 |
-10% |
+9% |
30 |
-7% |
+6% |
65 |
-3% |
+1% |
| SOLUTIA |
42 |
-4% |
-4% |
36 |
-16% |
+9% |
12 |
-10% |
+0% |
67 |
-10% |
+2% |
| WELLMAN |
57 |
+19% |
+2% |
40 |
-3% |
-17% |
30 |
+21% |
+28% |
67 |
+4% |
-16% |
| ANDERSONS |
20 |
-3% |
+7% |
76 |
-13% |
-2% |
26 |
+1% |
+3% |
70 |
-14% |
-1% |
| CYTEC INDUSTRIES |
54 |
-1% |
-3% |
44 |
+23% |
-8% |
23 |
-14% |
+35% |
74 |
+18% |
-16% |
| H B FULLER |
68 |
+10% |
+2% |
42 |
+0% |
+3% |
33 |
+1% |
+1% |
76 |
+9% |
+3% |
| HERCULES |
82 |
+6% |
+9% |
37 |
+3% |
+10% |
38 |
+1% |
+33% |
81 |
+8% |
+1% |
| W R GRACE |
64 |
+2% |
-2% |
39 |
+13% |
-6% |
19 |
-6% |
-6% |
84 |
+9% |
-3% |
| ROHM & HAAS |
74 |
-1% |
-4% |
47 |
-4% |
+6% |
35 |
+13% |
-8% |
86 |
-8% |
+3% |
| LUBRIZOL |
58 |
+6% |
-2% |
55 |
-0% |
+11% |
25 |
-1% |
+1% |
88 |
+4% |
+5% |
| GREAT LAKES CHEMICAL |
67 |
-2% |
-4% |
65 |
-1% |
+4% |
43 |
-1% |
+5% |
89 |
-2% |
-2% |
| RPM INTERNATIONAL |
77 |
+5% |
-2% |
44 |
-4% |
+0% |
30 |
+2% |
+0% |
91 |
+2% |
-2% |
| POLYONE |
88 |
-5% |
+0% |
37 |
+26% |
-18% |
32 |
+11% |
-32% |
92 |
-1% |
+9% |
| ALBEMARLE |
74 |
+1% |
+5% |
67 |
+12% |
-6% |
37 |
+31% |
+11% |
105 |
-0% |
-2% |
| MILLENNIUM CHEMICALS |
60 |
+22% |
-0% |
99 |
+4% |
+12% |
51 |
-21% |
+26% |
108 |
+34% |
-4% |
| VALHI |
57 |
-2% |
+3% |
88 |
+8% |
-11% |
36 |
-4% |
-7% |
109 |
+7% |
-5% |
| CABOT |
68 |
-5% |
+22% |
99 |
-3% |
+64% |
57 |
+1% |
+5% |
110 |
-7% |
+74% |
| NL INDUSTRIES |
57 |
+2% |
+8% |
96 |
+13% |
-10% |
37 |
-9% |
+0% |
116 |
+16% |
-5% |
| IFF |
62 |
-10% |
+9% |
87 |
+3% |
+3% |
20 |
-5% |
+24% |
129 |
-3% |
+3% |
| SIGMA ALDRICH |
50 |
-5% |
-6% |
120 |
-6% |
-12% |
21 |
-1% |
+14% |
149 |
-6% |
-13% |
| Sector Average |
59 |
+3% |
+1% |
46 |
-1% |
+1% |
31 |
+3% |
-0% |
73 |
-0% |
+1% |
All data based on public financials and adjusted as needed for comparability.
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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