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How Low Can It Go? The 2006 Working Capital Survey

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For the fourth year in a row, US companies have reduced their working capital. Data compiled for CFO by Hackett-REL indicates that days working capital for the average company shrank by 5.6 percent last year, following a 3.6 percent decline in 2004. The average decline last year was 4.0 percent, versus 2.5 percent in 2004. This was far better than the performance in Europe, where the average large company's DWC declined just 0.5 percent.
Download the 2006 Working Capital Survey pdf

THE 2006 WORKING CAPITAL SURVEY
How Low Can It Go?
Companies continue to reduce working-capital levels, and they have 450 billion reasons to keep at it.


THE CFO WORKING CAPITAL SURVEYS 2001-2005
Capital Ideas: The 2005 Working Capital Survey
Despite cheap credit and surplus cash, companies still find plenty of reasons to improve operational efficiency.
Off the Shelf: The 2004 Working Capital Survey
Low inventories drove down working capital last year. But will that continue as the economy improves?
Barely Working: The 2003 Working Capital Survey
Companies squeezed more cash from their businesses this year -- but not much. Was it the economy, or too much focus on Sarbanes-Oxley compliance?
We Can Work It Out: The 2002 Working Capital Survey
Some companies have learned how to reduce working capital without punishing customers or suppliers. But the alternatives aren't totally pain-free.
Forget the Float? The 2001 Working Capital Survey
In a tough operating environment, negative working capital isn't always a plus.

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DOWNLOAD THE 2006 WORKING CAPITAL SURVEY PDF
The online tables for the CFO Magazine 2006 Working Capital Survey, conducted by Hackett-REL Total Working Capital, feature a browsable version of 52 industry sectors, and many companies not included in the magazine. All data elements are based on public financials and adjusted for comparability; figures for companies marked with an asterisk have been adjusted for the effects of securitization.

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Download the 2006 Working Capital Survey pdf


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