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2001 Working Capital Survey - Chart 29

TECHNOLOGY, HARDWARE & 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"

TECHNOLOGY, HARDWARE & EQUIPMENT
Over- all RankCompany NamePrior Year SalesCash Conver. Effic.Days Working Cap.Days Sales Outst.Inven. TurnsDays Payable Outst.
CCERk.DWCRk.DSORk.Ts.Rk.DPORk.
6LINEAR TECH- NOLOGY CORP$70658%3494434443893647984
17ALTERA CORP$1,37743%87063038360383615898
25INTEL CORP$33,72635%184843647475744720781
27CISCO SYSTEMS INC$18,92834%205448646464747312940
28XILINX INC$1,02135%176255140394476315897
43ADAPTEC INC$81130%275146441408561618842
67CYPRESS SEMI- CONDUCTOR CORP$1,28827%375347950521558036295
80INTEGRATED DEVICE TECH. INC$70225%495347841407652025607
98DELL COMPUTER CORP$25,26514%229(2)3841405486749138
113TEXAS INSTRU- MENTS$11,87519%108342916574274806373
121APPLIED MATERIALS INC$9,56420%106413688288248009317
125MICRON TECH- NOLOGY INC$7,33619%123383246878484116666
126ATMEL CORP$2,01322%68595297785338408725
131APPLE COMPUTER INC$7,98312%287251484901521548146
1413COM CORP$4,33421%895550049519743525593
159AMKOR TECH- NOLOGY INC$2,38715%19330255343031618722698
161SUN MICRO- SYSTEMS INC$15,72120%9958521677731519721741
196LSI LOGIC CORP$2,73819%1176256359665560539260
201ANALOG DEVICES INC$2,57826%4310385364735388225617
203NATIONAL SEMI- CONDUCTOR CORP$2,14014%2333529335321841834347
206COMVERSE TECH. INC$87213%253312629092347349616
211GATEWAY INC$9,6018%53504825192339633365
212MAXTOR CORP$2,7057%573(3)3740389191526084
219MICRON ELEC- TRONICS INC$1,5565%706(14)134038852626086
234ADVANCED MICRO DEVICES INC$4,64412%2853328153569934145186
292IOMEGA CORP$1,30011%3364136644443934433376
313CORNING INC$7,12718%1398474570805469236312
314KEMET CORP$82213%2615751038348476848149
331EMC CORP$8,87321%8810687087915567720762
339QUANTUM CORP$4,7278%48535295474831619332400
340PITNEY BOWES INC$3,88123%5912392219299564879219
369NOKIA CORP$19,82116%1848272690924745441238
380LEXMARK INTER- NATIONAL GROUP INC$3,80712%2976154656620653435329
396EMACHINES INC$8141%89425316399283722144
398MINNESOTA MINING & MANUFACT- URING CO$16,72417%1629280564730477123685
406FAIRCHILD SEMI- CONDUCTOR INTL INC$1,78314%2257869859655470844191
407TRW INC$17,2317%57837320525601519534346
412CONEXANT SYSTEMS INC$2,10412%2776962261695478351125
415TERADYNE INC$3,04417%1469883655600480917866
436UNISYS CORP$6,8857%56343388667511126944190
468LORAL SPACE & COMMUNI- CATIONS LTD$1,458-3%983(12)157661031155104
471QUALCOMM INC$3,19710%39762559758391127938271
482TELLABS INC$2,31917%15010687394940656515894
493SANMINA CORP$3,9127%5705045245457933235322
543HEWLETT PACKARD CO$48,7829%4556760952566656033382
555HARRIS CORP FLA$1,80714%2359883082885747826576
558ROCKWELL INTER- NATIONAL CORP NEW$7,15112%2809079666746475641222
574EATON CORP$8,3098%4796961952567747423676
609UNITED TECH- NOLOGIES CORP$26,58310%4048273160680560630433
632BRIGHT- POINT INC$1,9773%82744390505311031742216
643AMPHENOL CORP$1,3608%5217668640378478929492
657IBM CORP$88,39611%332968261059621128329458
659SILICON GRAPHICS INC$2,3318%5387668770804842425611
661DIEBOLD INC$1,74413%26510787689921656826557
667MANUFACT- URERS SVCS LTD$9210%948312645256183956470
675ECHOSTAR COMMUNI- CATIONS CORP NEW$1,603-2%9732420042419933843196
687COMPAQ COMPUTER CORP$42,3833%82850458738261421943206
693WESTERN DIGITAL CORP$1,958-5%991990343072014543203
696KONINK- LIJKE PHILIPS ELEC- TRONICS NV$31,5376%6387365362703558342215
710MOTOROLA INC$30,9316%6317668361686563931414
722CABLETRON SYSTEMS INC$1,4608%5448676059662561127531
730SCIENTIFIC ATLANTA INC$1,7158%5228979278862559639253
733INFOCUS CORP$8875%7257063172822934534343
746ADC TELECOMM- UNICATIONS INC$3,28810%37310686880875472520779
762TELEFLEX INC$1,7649%42610485573828564824634
766PERKINELMER INC$1,6958%4789883381880471035326
791IMATION CORP$1,2357%5819481769787563629477
802VIASYSTEMS GROUP INC$1,6051%9066053967770651453111
819TEKTRONIX INC$1,121-2%9714843361684563555102
841CABLE DESIGN TECH- NOLOGIES CORP$7989%45111690167774480623683
859AVAYA INC$7,6804%7299481882884655824644
882STANDARD REGISTER CO$1,2665%69610284975840653010968
893STORAGE TECH. CORP$2,0609%471127929106963559819811
896MCSI INC$896-1%9587466769791743735333
905ANDREW CORP$1,01911%35514395088917384618831
909NCR CORP$5,9590%9448273580872932125595
910GENERAL BINDING CORP$9025%71111188772824382222694
914LM ERICSSON TELEPHONE CO$25,2146%623123919108966472035327
916PIONEER STANDARD ELEC- TRONICS INC$2,551-1%9568374359660557634351
917LANIER WORLDWIDE INC$1,3268%502135943112973557919817
923MEMC ELEC- TRONIC MATERIALS INC$872-4%9896558756619748145178
935KLA TENCOR CORP$1,49913%272173981111972293914913
944ALCATEL SA$23,0805%71813293913498747406568
955ANTEC CORP$999-2%97210586460674387352121
965LUCENT TECH- NOLOGIES INC$33,8131%887129935106964479731409
967ON SEMI- CONDUCTOR CORP$7995%688152963114977389756100
969LAM RESEARCH CORP$1,2313%80514294884901389325599
977SUPERIOR TELECOM INC$2,0495%71916297288916472247165
990XEROX CORP$19,2281%907184985144991384818853
992ASM LITHO- GRAPHY HOLD. NV$1,2003%792210993139990296144194
524Industry Average$8,09611% 74 69 9 39 



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