Raw Materials & Intermediate Goods: Payment Practices See Slight Improvement, Up 3.4 Points in 2021

The Comparison

Here's a snapshot comparing payment practices in the raw materials and intermediate goods sector between 2020 and 2021:

• 2020: Analysed across 129 companies, the average payment performance score was 51.1 out of 100.
• 2021: The assessment included 146 companies, resulting in an average payment performance score of 54.5 out of 100.

What This Means

While the average score increased by 3.4 points, this represents only a marginal improvement in payment behaviour across the sector. The modest gain suggests that some companies may have made adjustments to improve payment efficiency, but the overall impact remains relatively small, with significant room for further progress. Companies experiencing payment delays can use a late payment calculator to assess potential financial implications.

Overall, the raw materials and intermediate goods sector shifted from an average payment performance score of 51.1 (out of 100) across 129 companies in 2020, to 54.5 (out of 100) across 146 companies in 2021.