Working Capital Ratios by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2023

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

For global datasets: https://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 58 47.45% 3.92% 47.17% 3.14%
Aerospace/Defense 77 24.69% 32.40% 9.88% 46.91%
Air Transport 21 4.52% 3.18% 7.27% 1.05%
Apparel 39 12.22% 23.56% 10.81% 26.21%
Auto & Truck 31 8.10% 11.65% 17.20% -0.26%
Auto Parts 37 16.71% 13.67% 14.19% 16.06%
Bank (Money Center) 7 0.00% 0.12% NA NA
Banks (Regional) 557 0.00% 0.47% NA NA
Beverage (Alcoholic) 23 10.78% 20.20% 17.96% 15.34%
Beverage (Soft) 31 11.78% 7.62% 28.89% -9.06%
Broadcasting 26 20.25% 0.00% 3.91% 10.62%
Brokerage & Investment Banking 30 162.85% 0.21% NA NA
Building Materials 45 13.50% 13.70% 8.84% 18.21%
Business & Consumer Services 164 17.80% 1.62% 7.36% 13.04%
Cable TV 10 7.91% 0.26% 7.95% 0.59%
Chemical (Basic) 38 10.66% 12.19% 9.94% 13.50%
Chemical (Diversified) 4 11.39% 14.32% 13.18% 14.47%
Chemical (Specialty) 76 16.24% 17.36% 13.69% 22.71%
Coal & Related Energy 19 7.19% 8.29% 9.94% 7.19%
Computer Services 80 19.81% 7.91% 13.47% 15.59%
Computers/Peripherals 42 8.62% 5.06% 18.28% -8.76%
Construction Supplies 49 14.14% 21.69% 13.57% 20.31%
Diversified 23 14.92% 12.17% 16.42% 7.61%
Drugs (Biotechnology) 598 17.89% 9.51% 14.85% 13.00%
Drugs (Pharmaceutical) 281 17.97% 11.51% 7.66% 19.45%
Education 33 11.51% 1.37% 4.51% 7.96%
Electrical Equipment 110 19.51% 17.02% 11.44% 25.55%
Electronics (Consumer & Office) 16 11.20% 17.97% 13.56% 13.68%
Electronics (General) 138 17.96% 19.68% 15.28% 22.42%
Engineering/Construction 43 28.37% 2.16% 10.17% 20.01%
Entertainment 110 12.92% 1.85% 10.62% 4.19%
Environmental & Waste Services 62 15.93% 1.27% 7.10% 10.04%
Farming/Agriculture 39 7.59% 14.74% 7.47% 14.83%
Financial Svcs. (Non-bank & Insurance) 223 2075.44% 0.33% NA NA
Food Processing 92 7.78% 13.24% 12.53% 6.76%
Food Wholesalers 14 5.83% 7.01% 6.72% 6.34%
Furn/Home Furnishings 32 11.86% 19.25% 13.71% 15.84%
Green & Renewable Energy 19 19.67% 4.39% 17.64% -61.11%
Healthcare Products 254 15.38% 17.05% 7.13% 24.49%
Healthcare Support Services 131 5.69% 3.88% 14.27% -7.14%
Heathcare Information and Technology 138 17.81% 10.01% 7.16% 22.49%
Homebuilding 32 1.42% 65.01% 4.55% 63.25%
Hospitals/Healthcare Facilities 34 14.05% 2.33% 6.91% 10.45%
Hotel/Gaming 69 11.84% 3.62% 8.62% 7.51%
Household Products 127 8.78% 13.38% 14.44% 8.56%
Information Services 73 20.74% 0.14% 5.99% 3.07%
Insurance (General) 21 35.62% 0.00% 79.41% 2.41%
Insurance (Life) 27 16.18% 0.00% 24.25% 16.25%
Insurance (Prop/Cas.) 51 17.23% 0.00% 94.46% -51.12%
Investments & Asset Management 600 27.04% 0.01% NA NA
Machinery 116 17.59% 19.10% 10.18% 25.95%
Metals & Mining 68 6.88% 18.00% 12.58% 12.05%
Office Equipment & Services 16 11.57% 13.44% 10.97% 10.58%
Oil/Gas (Integrated) 4 10.51% 5.36% 13.47% 3.16%
Oil/Gas (Production and Exploration) 174 11.78% 1.24% 8.39% -3.60%
Oil/Gas Distribution 23 9.88% 3.05% 7.01% 3.52%
Oilfield Svcs/Equip. 101 8.46% 6.09% 9.00% 5.25%
Packaging & Container 25 14.16% 12.83% 14.39% 10.40%
Paper/Forest Products 7 8.17% 10.77% 9.24% 7.96%
Power 48 15.13% 6.24% 13.39% 6.58%
Precious Metals 74 2.59% 15.94% 5.74% 10.75%
Publishing & Newspapers 20 12.37% 5.26% 5.78% 9.88%
R.E.I.T. 223 125.58% 0.55% 17.28% 118.03%
Real Estate (Development) 18 2.92% 13.72% 3.69% 6.90%
Real Estate (General/Diversified) 12 22.17% 201.17% 11.36% 204.59%
Real Estate (Operations & Services) 60 8.67% 6.95% 4.76% 15.14%
Recreation 57 10.45% 18.30% 8.10% 18.85%
Reinsurance 1 17.36% 0.00% 50.78% -17.93%
Restaurant/Dining 70 4.93% 2.78% 4.77% 1.69%
Retail (Automotive) 30 2.52% 13.40% 8.30% 8.14%
Retail (Building Supply) 15 1.44% 18.57% 9.64% 10.00%
Retail (Distributors) 69 13.10% 15.68% 10.47% 17.14%
Retail (General) 15 1.03% 12.09% 10.05% 2.62%
Retail (Grocery and Food) 13 1.15% 5.91% 5.29% -0.58%
Retail (Online) 63 5.34% 7.29% 12.61% -0.43%
Retail (Special Lines) 78 2.40% 14.10% 9.39% 7.81%
Rubber& Tires 3 17.12% 23.70% 23.81% 13.33%
Semiconductor 68 12.95% 16.30% 8.36% 20.33%
Semiconductor Equip 30 22.50% 21.87% 7.49% 34.29%
Shipbuilding & Marine 8 6.08% 5.02% 3.11% 9.40%
Shoe 13 11.88% 20.45% 7.18% 24.98%
Software (Entertainment) 91 11.57% 0.73% 2.87% 6.68%
Software (Internet) 33 13.59% 0.00% 4.03% 11.33%
Software (System & Application) 390 15.93% 1.26% 5.96% 13.03%
Steel 28 10.61% 15.60% 6.56% 19.44%
Telecom (Wireless) 16 12.94% 3.08% 8.52% 6.14%
Telecom. Equipment 79 19.39% 11.08% 7.76% 23.11%
Telecom. Services 49 12.74% 2.31% 16.90% 0.37%
Tobacco 15 8.09% 18.52% 7.00% 11.37%
Transportation 18 12.54% 0.31% 5.82% 7.22%
Transportation (Railroads) 4 5.88% 2.08% 4.95% 1.32%
Trucking 35 11.55% 0.21% 5.43% 5.44%
Utility (General) 15 13.54% 8.39% 10.50% 8.92%
Utility (Water) 16 14.90% 4.36% 9.16% 11.82%
Total Market 7165 49.70% 8.34% 86.09% -28.56%
Total Market (without financials) 5649 11.67% 9.22% 11.02% 8.94%

Last Updated in January 2023
By Aswath Damodaran