Working Capital Ratios by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2022

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 49 49.95% 4.11% 53.13% -0.44%
Aerospace/Defense 73 23.36% 32.00% 8.93% 46.61%
Air Transport 21 6.47% 4.53% 10.57% 0.95%
Apparel 39 12.42% 17.35% 9.61% 20.29%
Auto & Truck 26 4.71% 10.77% 15.22% -4.71%
Auto Parts 38 15.11% 12.65% 13.83% 13.67%
Bank (Money Center) 7 0.00% 0.10% NA NA
Banks (Regional) 563 0.00% 0.66% NA NA
Beverage (Alcoholic) 21 11.56% 19.41% 18.89% 14.88%
Beverage (Soft) 32 11.58% 6.84% 27.02% -7.82%
Broadcasting 28 21.21% 0.00% 6.09% 11.28%
Brokerage & Investment Banking 31 184.30% 0.19% NA NA
Building Materials 44 13.76% 11.85% 8.35% 17.51%
Business & Consumer Services 160 18.28% 1.54% 8.14% 12.71%
Cable TV 11 8.27% 0.22% 8.00% -0.76%
Chemical (Basic) 35 13.65% 13.21% 11.72% 15.23%
Chemical (Diversified) 4 14.31% 15.54% 14.91% 18.70%
Chemical (Specialty) 81 17.27% 15.99% 14.05% 20.56%
Coal & Related Energy 18 9.57% 10.14% 14.17% 5.85%
Computer Services 83 19.08% 5.25% 9.72% 16.07%
Computers/Peripherals 46 9.25% 5.25% 18.09% -7.55%
Construction Supplies 48 14.46% 20.16% 13.25% 19.36%
Diversified 22 14.27% 11.22% 16.74% 5.28%
Drugs (Biotechnology) 581 18.58% 8.98% 14.81% 12.79%
Drugs (Pharmaceutical) 298 18.51% 12.54% 8.21% 18.45%
Education 35 13.61% 1.30% 4.73% 4.21%
Electrical Equipment 104 19.32% 14.97% 12.12% 22.50%
Electronics (Consumer & Office) 16 11.62% 11.02% 13.17% 9.38%
Electronics (General) 137 18.19% 16.83% 14.89% 21.19%
Engineering/Construction 48 27.25% 1.70% 9.58% 19.56%
Entertainment 108 13.00% 1.08% 13.21% -0.10%
Environmental & Waste Services 58 16.39% 1.32% 7.39% 9.75%
Farming/Agriculture 36 7.41% 15.26% 10.26% 12.37%
Financial Svcs. (Non-bank & Insurance) 223 2092.75% 0.32% NA NA
Food Processing 92 7.86% 11.85% 11.96% 5.92%
Food Wholesalers 15 6.30% 7.74% 7.75% 6.57%
Furn/Home Furnishings 32 13.53% 16.96% 15.67% 12.82%
Green & Renewable Energy 20 32.19% 4.24% 25.49% -126.69%
Healthcare Products 244 15.65% 15.74% 6.77% 23.33%
Healthcare Support Services 131 5.95% 4.11% 14.38% -6.39%
Heathcare Information and Technology 142 17.39% 8.93% 7.07% 19.54%
Homebuilding 29 1.27% 64.41% 4.87% 62.02%
Hospitals/Healthcare Facilities 31 14.52% 2.35% 6.51% 10.92%
Hotel/Gaming 66 15.71% 5.26% 9.89% 14.37%
Household Products 118 9.25% 11.67% 14.47% 7.07%
Information Services 79 20.11% 0.19% 6.82% 6.79%
Insurance (General) 23 28.28% 0.00% 78.30% -6.96%
Insurance (Life) 24 14.82% 0.00% 25.73% 6.80%
Insurance (Prop/Cas.) 52 16.39% 0.00% 89.28% -49.03%
Investments & Asset Management 687 22.99% 0.00% NA NA
Machinery 111 17.60% 16.22% 10.54% 22.64%
Metals & Mining 74 8.86% 17.20% 12.67% 11.59%
Office Equipment & Services 18 12.36% 12.39% 13.79% 6.67%
Oil/Gas (Integrated) 4 12.32% 6.88% 16.56% 3.55%
Oil/Gas (Production and Exploration) 183 14.85% 1.95% 11.43% -11.17%
Oil/Gas Distribution 21 10.37% 3.23% 8.19% 2.58%
Oilfield Svcs/Equip. 100 10.50% 9.03% 11.43% 7.37%
Packaging & Container 26 14.64% 12.27% 15.22% 10.55%
Paper/Forest Products 11 10.26% 12.20% 10.00% 11.34%
Power 50 15.43% 6.00% 13.29% 3.64%
Precious Metals 76 2.78% 14.89% 5.05% 11.86%
Publishing & Newspapers 21 14.97% 4.88% 7.15% 11.86%
R.E.I.T. 238 102.63% 0.51% 13.65% 107.09%
Real Estate (Development) 19 3.62% 23.73% 6.73% -10.66%
Real Estate (General/Diversified) 10 25.22% 242.91% 11.42% 250.99%
Real Estate (Operations & Services) 51 11.34% 15.03% 6.31% 26.84%
Recreation 60 11.78% 16.11% 10.09% 16.21%
Reinsurance 2 16.33% 0.00% 30.97% 2.09%
Restaurant/Dining 70 4.93% 2.39% 4.72% 0.23%
Retail (Automotive) 32 2.63% 13.80% 8.59% 8.27%
Retail (Building Supply) 16 1.41% 15.72% 10.05% 6.57%
Retail (Distributors) 68 13.07% 14.54% 10.90% 15.61%
Retail (General) 16 0.98% 11.36% 10.92% 0.99%
Retail (Grocery and Food) 15 1.15% 5.67% 5.43% -0.88%
Retail (Online) 60 4.62% 6.64% 14.27% -3.11%
Retail (Special Lines) 76 2.58% 12.50% 10.08% 5.67%
Rubber& Tires 2 19.62% 21.41% 24.63% 11.81%
Semiconductor 67 12.89% 12.20% 8.39% 17.45%
Semiconductor Equip 34 20.69% 17.61% 7.04% 28.91%
Shipbuilding & Marine 8 11.43% 5.32% 7.62% 8.76%
Shoe 12 9.63% 15.35% 7.71% 17.19%
Software (Entertainment) 88 13.29% 0.33% 2.32% 6.11%
Software (Internet) 36 12.71% 0.01% 4.06% 10.68%
Software (System & Application) 375 15.92% 1.15% 6.46% 12.05%
Steel 28 13.68% 18.48% 8.82% 23.14%
Telecom (Wireless) 17 11.90% 2.31% 5.54% 8.27%
Telecom. Equipment 82 20.40% 7.64% 7.47% 19.26%
Telecom. Services 42 12.94% 1.63% 18.32% -1.58%
Tobacco 16 6.97% 19.74% 5.76% 13.38%
Transportation 17 13.97% 0.31% 6.49% 8.21%
Transportation (Railroads) 4 8.51% 2.73% 6.48% 2.77%
Trucking 34 11.96% 0.24% 5.74% 4.96%
Utility (General) 16 13.72% 7.22% 10.28% 11.40%
Utility (Water) 14 14.41% 2.45% 7.87% 18.22%
Total Market 7229 52.30% 8.04% 96.05% -35.22%
Total Market (without financials) 5619 11.83% 9.01% 11.53% 8.30%

Last Updated in January 2022
By Aswath Damodaran