Hardware Payment Practices Show Marginal Improvement: Average Score Rises by 3 Points from 2021 to 2022

The Comparison

• 2021: 42 hardware companies assessed demonstrated an average payment practices score of 68.3 out of 100.
• 2022: 38 hardware companies show an average payment practices score of 71.3 out of 100.

What This Means

While the average payment score improved from 2021 to 2022, the 3-point increase represents a relatively small shift in overall payment behavior within the hardware sector. The slight improvement could indicate a minor adjustment in payment discipline or assessment criteria, but it's likely not enough to significantly impact cash flow for suppliers in this industry. You can use this late payment calculator to analyze your potential losses.

One-line summary: The hardware sector saw a small improvement in payment practices, increasing from an average score of 68.3 (out of 100) in 2021 to 71.3 in 2022.