Assume that you are a financial analyst at a mid-sized energy company and one of the new managers is confused about the following statement in the 2019/20 PwC Working Capital Report, having never had a finance or accounting course.

"Industrial manufacturing, Entertainment & Media, Energy and Metals & Mining [industries] have improved overall working capital performance despite a reduction in DPO. This suggests that these sectors are seeing the benefits of a more holistic approach to working capital improvement."

In about 5-6 sentences help the manager to understand the basic meaning and importance of this statement