Lifestyle & Entertainment Payment Performance Dips Slightly: 60.8 to 60.3

The Comparison: 2020 vs 2021

• 2020: Payment practices were assessed across 78 companies within the Lifestyle & Entertainment sector, achieving an average score of 60.8 out of 100.
• 2021: The assessment covered a smaller pool of 55 companies, resulting in a slightly lower average score of 60.3 out of 100.

What This Means

The marginal decline of 0.5 points suggests a stagnation in payment performance within the Lifestyle & Entertainment sector, rather than a significant deterioration, despite the number of companies analyzed decreasing by almost 30%. The smaller sample size in 2021 may also contribute to the slightly lower average, as the composition of companies assessed changed from year to year. For companies dealing with late payments, it may be worth using a late payment calculator to help manage cash flow.

One-line summary: In 2021, payment practices scored 60.3/100 compared to 60.8/100 in 2020, reflecting very little change.