Working Capital Ratios by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2021

Download as an excel file instead: http://www.stern.nyu.edu/~adamodar/pc/datasets/wcdata.xls

For global datasets: http://www.stern.nyu.edu/~adamodar/New_Home_Page/data.html

can be obtained by clicking here

on which companies are included in each industry


Industry Name Number of firms Acc Rec/ Sales Inventory/Sales Acc Pay/ Sales Non-cash WC/ Sales
Advertising 61 42.54% 3.69% 44.67% -0.57%
Aerospace/Defense 72 20.83% 31.39% 9.18% 43.56%
Air Transport 17 4.50% 3.96% 7.08% 1.70%
Apparel 51 13.41% 21.26% 10.27% 24.96%
Auto & Truck 19 5.60% 9.42% 16.34% -6.94%
Auto Parts 52 18.75% 11.07% 16.14% 13.84%
Bank (Money Center) 7 0.00% 0.20% NA NA
Banks (Regional) 598 0.00% 1.18% NA NA
Beverage (Alcoholic) 23 11.36% 17.38% 17.38% 15.25%
Beverage (Soft) 41 12.46% 7.11% 28.88% -9.54%
Broadcasting 29 22.15% 2.47% 3.12% 15.71%
Brokerage & Investment Banking 39 139.64% 0.15% NA NA
Building Materials 42 15.47% 11.05% 8.86% 15.45%
Business & Consumer Services 169 17.19% 2.31% 7.51% 13.84%
Cable TV 13 7.86% 0.27% 8.03% -1.35%
Chemical (Basic) 48 12.49% 14.56% 10.85% 15.78%
Chemical (Diversified) 5 12.76% 16.12% 10.75% 17.68%
Chemical (Specialty) 97 17.61% 16.18% 12.77% 21.29%
Coal & Related Energy 29 7.57% 9.58% 11.46% 7.75%
Computer Services 116 16.58% 4.72% 9.93% 12.09%
Computers/Peripherals 52 8.72% 4.73% 17.65% -9.08%
Construction Supplies 46 13.81% 18.18% 11.74% 17.23%
Diversified 29 13.65% 10.83% 15.80% 1.48%
Drugs (Biotechnology) 547 19.50% 9.76% 16.02% 13.14%
Drugs (Pharmaceutical) 287 19.63% 14.39% 8.48% 26.23%
Education 38 11.49% 2.49% 6.66% 7.47%
Electrical Equipment 122 18.58% 13.27% 10.32% 21.00%
Electronics (Consumer & Office) 22 13.14% 17.22% 15.00% 13.26%
Electronics (General) 157 18.68% 15.60% 13.88% 20.52%
Engineering/Construction 61 26.61% 1.05% 9.85% 17.94%
Entertainment 118 12.48% 3.02% 11.99% 0.65%
Environmental & Waste Services 86 14.77% 1.30% 6.13% 9.56%
Farming/Agriculture 32 7.83% 15.33% 10.20% 13.00%
Financial Svcs. (Non-bank & Insurance) 235 2615.98% 0.37% NA NA
Food Processing 101 7.59% 10.88% 11.19% 5.27%
Food Wholesalers 18 5.39% 6.87% 6.95% 5.38%
Furn/Home Furnishings 40 14.32% 14.54% 15.33% 10.60%
Green & Renewable Energy 25 25.64% 4.34% 24.41% -158.25%
Healthcare Products 265 17.53% 17.29% 7.86% 25.16%
Healthcare Support Services 129 5.69% 4.20% 13.94% -5.33%
Heathcare Information and Technology 139 21.18% 8.51% 6.92% 23.07%
Homebuilding 30 1.17% 68.62% 4.50% 66.10%
Hospitals/Healthcare Facilities 32 13.52% 2.45% 6.26% 3.37%
Hotel/Gaming 66 13.51% 6.87% 7.25% 15.67%
Household Products 140 9.24% 10.81% 13.52% 8.85%
Information Services 77 17.99% 0.20% 6.08% 6.79%
Insurance (General) 21 27.27% 0.00% 83.45% -15.44%
Insurance (Life) 26 17.16% 0.00% 26.08% 1.35%
Insurance (Prop/Cas.) 55 17.52% 0.00% 93.99% -52.80%
Investments & Asset Management 348 21.44% 0.01% NA NA
Machinery 125 17.99% 14.86% 9.49% 23.31%
Metals & Mining 86 8.64% 19.65% 13.46% 14.30%
Office Equipment & Services 22 11.56% 10.05% 11.07% 6.66%
Oil/Gas (Integrated) 3 9.91% 7.89% 14.25% 5.39%
Oil/Gas (Production and Exploration) 278 11.81% 3.04% 11.24% 1.29%
Oil/Gas Distribution 57 8.94% 3.89% 5.66% 6.97%
Oilfield Svcs/Equip. 135 9.16% 8.99% 8.66% 11.41%
Packaging & Container 26 13.72% 11.58% 12.70% 7.23%
Paper/Forest Products 15 10.37% 15.35% 9.75% 15.40%
Power 55 15.09% 6.46% 13.50% 2.57%
Precious Metals 93 2.87% 15.56% 4.69% 11.99%
Publishing & Newspapers 29 13.80% 4.20% 6.88% 11.60%
R.E.I.T. 238 95.49% 0.51% 17.35% 89.65%
Real Estate (Development) 25 4.41% 13.20% 4.47% -3.41%
Real Estate (General/Diversified) 11 29.14% 291.09% 11.59% 301.01%
Real Estate (Operations & Services) 61 14.93% 0.31% 8.31% 14.01%
Recreation 69 14.64% 13.95% 9.87% 15.66%
Reinsurance 2 17.06% 0.00% 35.31% -7.60%
Restaurant/Dining 79 5.85% 2.68% 4.54% 2.84%
Retail (Automotive) 30 2.79% 17.66% 9.91% 10.95%
Retail (Building Supply) 15 1.23% 15.46% 11.78% 4.46%
Retail (Distributors) 85 11.91% 13.93% 9.10% 15.54%
Retail (General) 17 0.85% 11.04% 10.93% 0.06%
Retail (Grocery and Food) 14 1.05% 5.86% 5.24% -0.20%
Retail (Online) 75 4.87% 6.30% 15.08% -3.70%
Retail (Special Lines) 85 3.19% 13.55% 12.50% 4.75%
Rubber& Tires 3 18.65% 17.24% 17.38% 13.63%
Semiconductor 70 12.86% 13.27% 6.92% 17.44%
Semiconductor Equip 40 18.84% 18.87% 7.01% 27.82%
Shipbuilding & Marine 11 12.29% 5.90% 8.02% 8.57%
Shoe 11 11.16% 16.73% 7.25% 20.38%
Software (Entertainment) 101 12.96% 0.37% 2.39% 5.41%
Software (Internet) 36 11.60% 0.01% 3.87% 10.58%
Software (System & Application) 388 16.13% 0.95% 5.75% 13.15%
Steel 32 11.48% 18.13% 7.71% 21.69%
Telecom (Wireless) 16 13.50% 3.21% 6.51% 10.99%
Telecom. Equipment 96 19.28% 6.74% 6.98% 16.84%
Telecom. Services 58 14.19% 0.50% 16.82% 1.18%
Tobacco 15 7.00% 22.25% 5.03% 13.10%
Transportation 21 14.03% 0.35% 6.47% 7.97%
Transportation (Railroads) 6 8.09% 2.98% 7.99% 1.65%
Trucking 35 11.56% 0.28% 5.74% 6.07%
Utility (General) 16 12.26% 6.44% 8.30% 9.01%
Utility (Water) 17 15.46% 1.98% 8.04% 16.95%
Total Market 7582 51.32% 8.14% 95.91% -36.10%
Total Market (without financials) 6253 11.49% 9.01% 11.23% 8.28%

Last Updated in January 2021
By Aswath Damodaran