Working Capital Ratios by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2024

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 57 49.17% 3.85% 48.50% 1.25%
Aerospace/Defense 70 23.71% 31.50% 10.33% 45.04%
Air Transport 25 4.06% 3.00% 6.75% 1.09%
Apparel 38 12.16% 20.25% 8.46% 24.65%
Auto & Truck 34 5.13% 12.19% 15.93% -2.20%
Auto Parts 39 17.11% 12.24% 13.92% 15.45%
Bank (Money Center) 15 0.00% 0.14% NA NA
Banks (Regional) 625 0.00% 0.51% NA NA
Beverage (Alcoholic) 19 10.70% 21.92% 17.95% 17.12%
Beverage (Soft) 29 11.20% 7.63% 26.71% -7.14%
Broadcasting 22 20.25% 2.40% 2.95% 10.92%
Brokerage & Investment Banking 27 140.59% 0.28% NA NA
Building Materials 44 13.51% 12.16% 8.67% 18.36%
Business & Consumer Services 162 18.02% 1.69% 6.76% 13.48%
Cable TV 10 8.36% 0.26% 7.88% -0.10%
Chemical (Basic) 32 11.15% 13.98% 10.56% 14.74%
Chemical (Diversified) 4 12.46% 17.68% 12.89% 17.62%
Chemical (Specialty) 68 16.86% 17.98% 12.46% 22.75%
Coal & Related Energy 18 7.01% 10.21% 11.06% 6.13%
Computer Services 72 17.92% 7.67% 12.83% 13.85%
Computers/Peripherals 36 8.92% 4.90% 18.27% -9.87%
Construction Supplies 45 13.61% 19.29% 11.50% 19.38%
Diversified 23 13.30% 10.50% 14.62% 5.00%
Drugs (Biotechnology) 572 20.54% 11.29% 19.67% 9.98%
Drugs (Pharmaceutical) 245 18.81% 13.27% 7.90% 22.37%
Education 31 11.78% 1.56% 4.24% 9.08%
Electrical Equipment 103 20.49% 17.70% 10.45% 28.27%
Electronics (Consumer & Office) 13 12.25% 16.82% 11.27% 15.53%
Electronics (General) 129 16.92% 18.07% 11.90% 24.01%
Engineering/Construction 43 27.39% 1.80% 9.67% 18.92%
Entertainment 98 10.29% 2.20% 8.21% 3.81%
Environmental & Waste Services 57 16.10% 1.61% 7.32% 10.18%
Farming/Agriculture 42 7.95% 13.74% 6.40% 14.72%
Financial Svcs. (Non-bank & Insurance) 172 1457.82% 0.43% 176.79% 1307.97%
Food Processing 82 7.70% 12.74% 12.04% 6.01%
Food Wholesalers 14 5.42% 6.49% 6.26% 5.78%
Furn/Home Furnishings 31 12.42% 16.56% 12.50% 13.97%
Green & Renewable Energy 17 31.67% 3.58% 14.47% -27.98%
Healthcare Products 230 16.54% 18.88% 7.69% 25.57%
Healthcare Support Services 119 6.74% 3.78% 14.77% -6.53%
Heathcare Information and Technology 128 19.06% 10.34% 7.00% 22.95%
Homebuilding 32 1.61% 59.90% 4.44% 58.51%
Hospitals/Healthcare Facilities 32 14.56% 2.22% 6.56% 11.17%
Hotel/Gaming 68 10.85% 2.94% 7.83% 2.99%
Household Products 93 9.32% 11.90% 13.95% 7.50%
Information Services 18 18.24% 0.11% 3.24% 15.73%
Insurance (General) 21 25.01% 0.00% 75.55% -0.01%
Insurance (Life) 23 19.64% 0.00% 13.98% 28.62%
Insurance (Prop/Cas.) 50 17.81% 0.00% 82.97% -40.94%
Investments & Asset Management 334 26.83% 0.01% NA NA
Machinery 103 18.23% 17.41% 9.66% 25.17%
Metals & Mining 68 6.80% 20.92% 12.56% 15.32%
Office Equipment & Services 17 11.81% 11.88% 10.90% 9.13%
Oil/Gas (Integrated) 4 11.58% 6.15% 15.02% 3.37%
Oil/Gas (Production and Exploration) 166 12.10% 2.00% 9.88% 1.00%
Oil/Gas Distribution 24 8.19% 2.91% 7.58% 2.53%
Oilfield Svcs/Equip. 100 9.35% 7.12% 9.67% 6.34%
Packaging & Container 22 13.75% 12.66% 13.05% 11.12%
Paper/Forest Products 7 9.22% 14.93% 9.68% 12.90%
Power 50 15.72% 6.75% 12.33% 8.26%
Precious Metals 61 2.75% 19.09% 8.85% 9.83%
Publishing & Newspapers 21 12.62% 4.69% 5.73% 10.13%
R.E.I.T. 193 139.46% 0.61% 12.83% 133.69%
Real Estate (Development) 17 4.67% 13.29% 4.63% 4.08%
Real Estate (General/Diversified) 11 26.02% 190.76% 11.66% 201.30%
Real Estate (Operations & Services) 60 10.93% 1.70% 5.57% 9.69%
Recreation 55 10.32% 16.02% 7.22% 18.04%
Reinsurance 1 18.27% 0.00% 18.97% 17.09%
Restaurant/Dining 64 5.04% 2.19% 4.40% 0.86%
Retail (Automotive) 30 2.94% 15.08% 8.73% 9.98%
Retail (Building Supply) 16 1.57% 16.13% 8.79% 8.47%
Retail (Distributors) 62 12.88% 15.80% 10.18% 17.42%
Retail (General) 26 2.75% 9.46% 10.91% 0.77%
Retail (Grocery and Food) 14 1.43% 5.58% 5.16% -0.24%
Retail (REITs) 28 16.25% 0.39% 18.33% -9.87%
Retail (Special Lines) 105 2.36% 13.56% 9.73% 5.06%
Rubber& Tires 3 16.35% 19.50% 20.19% 10.69%
Semiconductor 63 12.91% 18.98% 8.49% 22.40%
Semiconductor Equip 30 18.80% 23.19% 5.83% 34.56%
Shipbuilding & Marine 8 12.29% 7.85% 7.95% 11.30%
Shoe 13 10.19% 15.92% 6.39% 19.61%
Software (Entertainment) 84 12.82% 0.64% 2.71% 4.78%
Software (Internet) 35 12.29% 0.00% 4.24% 9.67%
Software (System & Application) 351 16.23% 1.01% 6.06% 11.20%
Steel 29 10.48% 15.66% 7.24% 19.02%
Telecom (Wireless) 13 12.97% 2.41% 6.35% 6.27%
Telecom. Equipment 66 17.08% 12.04% 6.23% 23.09%
Telecom. Services 42 13.71% 1.87% 20.17% -3.22%
Tobacco 16 7.58% 21.87% 7.06% 15.30%
Transportation 36 11.34% 0.27% 5.43% 6.45%
Transportation (Railroads) 4 8.32% 2.91% 7.31% 2.26%
Trucking 22 12.10% 0.42% 6.11% 6.75%
Utility (General) 14 12.52% 7.41% 9.07% 13.37%
Utility (Water) 13 15.19% 3.26% 8.35% 11.35%
Total Market 6481 49.49% 8.19% 83.70% -26.22%
Total Market (without financials) 5214 11.68% 9.12% 10.97% 8.67%

Last Updated in January 2024
By Aswath Damodaran