Software Industry DSO Improves But Liquidity Declines, Debt Rises
Dec. 28, 2009
Software technology companies continue to generate revenue growth even as equity capital, long a key source of liquidity for the industry, becomes more scarce. Get the latest annualized credit and financial benchmarks and company rankings for the 122-company software industry group.
The days' sales outstanding, a key credit benchmark that measures in days the amount of time necessary for a company to turn its revenue into cash, improved significantly by 4.71 days in 2008 from the previous year, according to the latest benchmark data from the Credit Standards Index (CSI).
Few industries face greater dangers during a recession than the utilities industry, which ranks fifth out of 70 CSI industry groups with the highest debts-to-assets ratio. Find out which ones are on solid ground and which ones may be in quicksand in this CSI industry profile.
Mining for the world's finite supply of coal, silver, copper, gold and other minerals is both costly and risky. Little wonder then that the credit standards of the 26 companies in the mining & quarrying industry grouping of the CSI are the fourth highest of the 70 industries covered by CreditPulse. These companies set an example for credit standards that other industries would be wise to follow.
Amidst one of the toughest operating environments in industry history, publicly-traded trucking companies have tightened the reins of their accounts receivable as evidenced by the fact that the average DSO for the 25 companies in this industry dropped by over five days, according to the latest figures compiled for the Credit Standards Index (CSI). Heartland Express remains the undisputed leader in credit standards for the trucking industry as well as one of the highest ranking companies in the entire CSI.
From construction and farm machinery to oil & gas field machinery and equipment to engines and turbines, the 82 companies in this industry grouping of the credit standards index (CSI) design and manufacture the equipment and products needed to keep the world economy moving. Pfeiffer Vacuum Technology AG of Germany is No. 1 in credit standards in this industry grouping, the first time for a non-U.S. based company.
While Exxon, Shell and BP are among the most familiar names in the oil & gas industry, another industry exists that provides valuable support to those companies as well as the independent oil explorers. That industry is oil & gas equipment and services. Pioneer Drilling Company in San Antonio, Texas, once again, has the highest credit standards in the industry.
No other industry impacts our global economy more than oil and gas. From energy to manufacturing to distribution, very little gets done until the tank gets filled. In 2006, total revenues for the oil and gas industry group of the Credit Standards Index (CSI) exceeded $2.2 trillion. Read below as CreditPulse reports on the credit and accounting benchmarks for 22 of the largest crude oil and natural gas companies.
Modest cash flow, above averge debt and below average current ratio highlight the latest key credit benchmarks for companies in the paper and paper products industry, according to the latest data from the Credit Standards Index (CSI). Bad debt allowance and DSO remain strong in one of the world's core manufacturing industries.
Semiconductor companies moved toward greater efficiency as evidenced by the fall in two key credit and effeciency benchmarks -- days' sales outstanding (DSO) and bad debt allowance (BDA). Not suprisingly, profits rose, according to the latest data from the Credit Standards Index (CSI).
The DSO benchmark for wholesale distributors is slightly higher; bad debt allowance slightly lower, according to the latest data from the 2006 Credit Standards Index (CSI). Success in the wholesale distrubution business model depends on effeciency and standards. Find out which of the 61 companies in this closely monitored industry grouping have the highest and lowest effeciency and standards ratings.
