Raw Materials and Intermediate Goods Payment Performance Dips Slightly in 2024: Average Score Down 0.8 Points

The Comparison

Here's a breakdown of payment performance in the Raw Materials and Intermediate Goods sector:

• 2023: 134 companies surveyed achieved an average payment performance score of 54.8 out of 100.
• 2024: 137 companies surveyed posted an average score of 54.1 out of 100.

What This Means

While the sample size increased by three companies, the sector's average payment performance score experienced a marginal decrease. This decline of 0.8 points suggests a very slight deterioration in payment practices within the raw materials and intermediate goods supply chain between 2023 and 2024, indicating that, while not a dramatic shift, companies are, on average, taking slightly longer to pay. Understanding the real-world impact of these delays on cashflow is crucial; the late payment calculator can assist businesses in quantifying these costs.

In 2024, the Raw Materials and Intermediate Goods sector showed an average payment performance score of 54.1 out of 100, down from 54.8 in 2023.