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2001 Working Capital Survey - Chart 21

INDUSTRIAL EQUIPMENT

1Jul


Behind the Rankings


The management of working capital combines two measures, weighted equally:
1. Days of Working Capital (DWC) = (Receivables + Inventory ­ Payables) ÷ (Sales ÷ 365 Days). If payables exceed the sum of receivables and inventory, DWC is negative.
2. Cash Conversion Efficiency (CCE) = Cash Flow from Operations ÷ Sales.

The overall ranking: (Highest Overall CCE ­ Company CCE) ÷ (Highest Overall CCE ­ Lowest Overall CCE) + (Lowest Overall DWC ­ Company DWC) ÷ (Lowest Overall DWC ­ Highest Overall DWC). Days of Sales Outstanding (DSO), Inventory Turns, and Days of Payables Outstanding (DPO) are not part of the overall ranking criteria. Industry averages consider all companies in an industry, not just the top five.

Sources: REL Consultancy Group, Piranha Web




Back to "Forget the Float? — The 2001 Working Capital Survey"

INDUSTRIAL EQUIPMENT
Over- all RankCompany NamePrior Year SalesCash Conver. Effic.Days Working CapitalDays Sales Outst.Inven. TurnsDays Payable Outst.
CCERk.DWCRk.DSORk.Ts.Rk.DPORk.
8MAXIM INTEGRATED PRODUCTS INC$86553%56256559658472923664
210ACTUANT CORP$67220%967466554592469641225
216MANITOWOC CO INC$8739%433121143429974856376
300MOLEX INC$2,21718%1358374180871557037282
414CTS CORP$86712%2986659858652648632389
490AMERICAN STANDARD COS INC$7,5987%60946418505271029230432
495JABIL CIRCUIT INC$3,5584%7363327842420935247158
503BELDEN INC$1,1359%4416356754593559445181
530COMMSCOPE INC$95010%38572644667481323715901
540EMERSON ELECTRIC CO$15,54512%2818777164737566228511
571STONERIDGE INC$6678%5196659255606744127548
598YORK INTER- NATIONAL CORP$3,8974%748484326776856327832
625NACCO INDUSTRIES INC$2,8715%6905851440385655735324
644GERBER SCIENTIFIC INC$61110%4088777068775471630435
676JLG INDUSTRIES INC$1,0568%5008272369789651337286
702LINCOLN ELECTRIC HOLDINGS INC$1,05910%4039582054585477021757
705BENCHMARK ELECTR. INC$1,7055%683706266067865495895
708TECUMSEH PRODUCTS CO$1,6508%4938777255614557726584
716W W GRAINGER INC$4,5346%6277769341409473921756
723METTLER TOLEDO INTER- NATIONAL INC$1,0968%5098978970806568526573
728HUBBELL INC$1,42411%31511088453580481918832
732VISHAY INTERTECH- NOLOGY INC$2,46515%18913494166749388120778
748AVX CORP$1,63012%28311890347486382115910
765THOMAS INDUSTRIES INC$1,00814%24012893291927481650132
771AMERICAN POWER CONVERSION CORP$1,4849%43410486164724384324643
778VALMONT INDUSTRIES INC$8466%6468676163719556927551
781SYMBOL TECH- NOLOGIES INC$1,4498%536968249192638636665
801MILLIPORE CORP$95410%36111689787914384426577
805GENERAL CABLE CORP NEW$2,0885%6828776663715566140245
808COMFORT SYSTEMS USA INC$1,5911%8786458387909545728513
813CATERPILLAR INC$19,70211%345121910126985558755106
816SOLECTRON CORP$14,1381%9206255448494653950135
843AGILENT TECH- NOLOGIES INC$10,7738%53910988167772387224649
846PALL CORP$1,22414%223147956101951292621744
848COLUMBUS MCKINNON CORP$7367%58910687173834470730434
852NORDSON CORP$74111%32213394091928391825613
874GRAYBAR ELECTRIC CO INC$4,300-2%9746154346473652538269
879MILACRON INC$1,5846%66410687250528386032391
883WATSCO INC$1,3073%8258978848498470424648
903UCAR INTER- NATIONAL INC$7767%55112592569793389936307
925INTERGRAPH CORP$6901%923978271049581817021750
926SLI INC$9131%88410184678857382953115
929KENT ELECTR. CORP$9941%91610084062699472131406
939AVNET INC$9,172-1%9649381060676565033370
941AUDIOVOX CORP$1,702-2%9759079771812935819806
945ACT MANUFACT- URING INC$1,371-3%985867647986656107247
968AGCO CORP DE$2,3366%657157968111969479937285
971TEREX CORP$2,0692%8311399477483629306087
978THOMAS & BETTS CORP$1,756-3%98212391883891382548147
985RECOTON CORP$710-3%98614996097945390235321
996DEERE & CO$12,9828%51726999631299874638327
998HARNISCH- FEGER INDUSTRIES INC$1,118-10%997217994111970297749140
734Industry Average$3,0677% 98 73 6 37 



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