Media and Publishing Payment Performance Improves Marginally: 2023 Sees Average Score Rise to 71.2

The Comparison

Here's a snapshot comparing payment practices within the Media and Publishing sectors:

• 2022: A sample of 36 companies yielded an average payment performance score of 68.0 out of 100.
• 2023: A slightly smaller group of 33 companies shows an average score of 71.2 out of 100.

What This Means

The data indicates a slight improvement in payment performance across the media and publishing industry; however, the 3.1 point increase is not substantial and should be interpreted cautiously. With the average score just exceeding 70, this suggests there’s still room to address inefficiencies impacting financial health, and companies should assess the potential impact of late payments on their own finances by using a late payment calculator.

Overall, payment performance experienced a modest uptick, with the average score for 33 companies in 2023 reaching 71.2, up from 68.0 across 36 companies in 2022.