Here's a side-by-side look at payment performance in the hardware sector:
The overall shift in average payment performance is marginal, reflecting a minor weakening in payment practices. While a decline of 0.8 points might appear insignificant, it suggests a potential softening in financial discipline across the hardware industry in 2023 compared to 2022. Businesses struggling with late payments can use this late payment calculator to understand the impact on their finances.
In 2023, payment practices within the hardware sector registered a slight downturn, decreasing from an average score of 71.3/100 to 70.5/100.