PENNICHUCK CORP (PNNW) [Rocket]

In millions, except per share items	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06	Dec-31-05	Dec-31-04	Dec-31-03
	Source	Source	Source	Source	Source	Source	Source	Source
Turnover Ratios
Inventory turnover	24.7	21.2	16.4	17.6	61.5
Asset turnover	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2

Returns on Capital
ROIC (excluding intangibles)	3.5%	2.8%	2.8%	3.1%	1.7%	2.7%	3.9%	3.1%
ROIC (including intangibles)	3.5%	2.8%	2.8%	2.9%	1.6%	2.4%	3.8%	3.0%
ROE	6.4%	5.1%	5.3%	5.6%	2.9%	2.3%	4.4%	4.4%
ROA	3.4%	2.7%	2.7%	2.8%	1.6%	2.2%	3.6%	2.9%

Cash Conversion Cycle
Days sales outstanding	21.5	23.0	25.2	28.5	43.2	23.7	23.6	23.2
Days payables outstanding	39.7	23.6	29.0	42.7	20.5	39.2	23.6	20.6
Days inventory outstanding	15.0	15.5	19.4	26.2	11.9
Cash conversion cycle	-3.2	14.9	15.7	11.9	34.5	-15.5	0.1	2.6