Sports Industry Payment Performance Edges Up: 2021 Score of 72.1 to 74.8 in 2022

The Comparison

• 2021: 26 companies benchmarked demonstrated an average payment performance score of 72.1 out of 100. This reflects the payment practices of a larger sample size within the industry.

• 2022: 19 companies benchmarked achieved an average payment performance score of 74.8 out of 100. This indicates a slight improvement in payment behavior within a smaller group of companies.

What This Means

While the average payment score increased by 2.7 points, this improvement could be attributable to the change in the cohort of companies analyzed, rather than a sweeping industry-wide shift. It is worth noting that the sample size decreased by 27% (from 26 to 19 companies), which may skew the overall representation of payment practices across the sports sector. Before deciding on strategic next steps, see how much late payments are costing you with this late payment calculator.

One-line summary: The sports industry saw a marginal improvement in average payment performance, increasing from 72.1/100 in 2021 to 74.8/100 in 2022.