Sports Payment Trends: 2020 vs 2021
Sports Payment Performance Dips Slightly: 2021 Scores 1.8 Points Lower Than 2020
The Comparison
- 2020: Across 20 sports-related companies, the average payment performance score was 73.9 out of 100.
- 2021: A larger sample of 26 companies revealed a slightly reduced average score of 72.1 out of 100.
What This Means
While the survey expanded to include more companies in 2021, the overall payment performance experienced a marginal decrease; sports organizations may need to evaluate the impact of these small delays, and if necessary, use a late payment calculator to review costs. Given the minimal change, this suggests that payment practices within the sector remained relatively consistent year-over-year despite potentially differing operating environments.
One-Line Summary: The sports sector saw a slight dip in payment performance, dropping from 73.9/100 in 2020 to 72.1/100 in 2021.
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