Lifestyle And Entertainment Payment Trends: 2022 vs 2023
Lifestyle & Entertainment Payment Practices Improve Marginally: Average Score Up 4.0 Points
The Comparison
- 2022: Analyzed 45 Lifestyle and Entertainment companies, yielding an average payment score of 63.3 out of 100.
- 2023: Increased the sample size to 52 companies, resulting in an average payment score of 67.3 out of 100.
What This Means
The data reveals a modest improvement in payment practices within the Lifestyle and Entertainment sector. While the increased sample size to 52 companies provides a slightly more comprehensive view, the four-point increase indicates only a small shift towards better payment behaviours. Companies struggling to get invoices paid can use a late payment calculator to understand the financial impact of late payments.
One-line summary: In 2023, 52 Lifestyle and Entertainment companies averaged a payment score of 67.3, up from 63.3 across 45 companies in 2022.
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