Here's a side-by-side comparison of payment practices in the train travel sector, looking at 2020 and 2021 data:
The data reveals a slight increase of 4.2 points in the average payment performance score within the train travel industry from 2020 to 2021. While the improvement indicates a positive direction, the change is marginal and suggests payment practices remain a significant area for improvement for many operators, something businesses can calculate their risks around with a late payment calculator. This sector-wide progress, or lack thereof, is crucial for supplier sustainability.
Summary: Average payment performance improved slightly from 53.2 (out of 100) in 2020, based on 9 companies, to 57.4 (out of 100) in 2021, based on 11 companies.