Education Payment Trends: 2021 vs 2022
Education Sector Payment Performance Dips Slightly: 2021 Score of 79.5 Falls to 78.9 in 2022
The Comparison
- 2021: 232 companies assessed in the education sector achieved an average payment score of 79.5 out of 100.
- 2022: 230 companies assessed in the education sector achieved an average payment score of 78.9 out of 100.
What This Means
While the number of assessed companies remained relatively stable year-over-year, the slight decline of 0.6 points suggests a marginal deterioration in payment behavior within the education sector, but this change is minimal. While it may appear insignificant, further monitoring is necessary to ascertain whether this is an emerging trend or an isolated fluctuation. You can use this late payment calculator to assess the financial impact of late payments.
Overall, the education sector's average payment score decreased marginally, from 79.5 in 2021 to 78.9 in 2022.
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