The chemical industry is experiencing a notable contraction, with an 8% year-over-year sales decline driven by economic uncertainties and shifting market demands. This has compelled industry leaders to tighten their working capital management strategies to sustain financial stability and operational efficiency. Our comprehensive report delves into these adjustments, examining how companies are shortening cash conversion cycles by reducing inventory levels, extending vendor payment terms, and accelerating customer collections.
Our analysis includes an index based on the top 25 publicly traded chemical companies within the S&P 1500, providing insights into key metrics like Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO). Highlighting the successes of industry leaders such as WD-40 and Scotts Miracle-Gro, as well as the challenges faced by FMC Corporation, this report offers valuable lessons in effective working capital management. Download the full report to uncover in-depth strategies and performance analyses that can help your company navigate the current economic landscape and optimize its financial practices.
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