Lifestyle & Entertainment Payment Practices Improve Slightly: Average Score Up 2.9 Points

The Comparison

• 2023: Analysis of 52 companies in the Lifestyle and Entertainment sector revealed an average payment practices score of 67.3 out of 100.
• 2024: The same analysis, conducted across 47 companies, shows a modest improvement, with an average score of 70.2 out of 100.

What This Means

While there's been a small uptick in payment performance within the Lifestyle and Entertainment sector, the 2.9-point increase is not a major shift. This indicates a marginal positive trend but doesn't suggest a fundamental change in payment behaviours across the sector. Companies struggling with late payments can use a late payment calculator to understand the financial implications.

In short: Payment practices in Lifestyle and Entertainment saw a slight improvement, moving from an average score of 67.3 (out of 100) in 2023 to 70.2 in 2024.