A review of accounts receivable data from 2022.
We analysed more than 100 million invoices to help companies benchmark the payment performance of their customers against similar businesses in the same industry.
The report lists the details of 21 key sectors, made up of over 700 industries by SIC code and shows the percentage of invoices paid within terms, then up to 30 days late, up to 60 days late, up to 90 days late and beyond 90 days late.
This report is created by analysing trusted accounts receivable data from Creditsafe customers. In this report, we analysed more than 100 million invoices which were paid in 2021 and 2022 to identify trends and highlight the typical payment performance of companies within certain sectors.
This report shows the percentage of invoices paid on time or within terms, then up to 30 days late, up to 60 days late, up to 90 days late and beyond 90 days late. We have also included the average number of days beyond terms (DBT) for the sector and an indicator as to whether this is improving, stable or worsening.
While the report is not designed to be used as a stand-alone decision-making tool, we recommend that you use the information in it to benchmark your own accounts receivable performance against industry averages to identify potential areas of improvement or update existing credit policies.
Creditsafe relies on contributors to share accounts receivable data as part of our Global Trade Payment Data Programme. This insight, also used in our scores and presented in our credit reports, allows companies to make more informed trade credit decisions, reduce DSO, and limit exposure to bad debt.
Want to see it for yourself? Our experts can give you a run-through of all our main features, and show you the depth and breadth of our data in 20 minutes.