Train Travel Payment Performance: Modest Improvement Seen Between 2020 and 2021

The Comparison

Here's a side-by-side comparison of payment practices in the train travel sector, looking at 2020 and 2021 data:

• 2020: A total of 9 companies were assessed, with an average payment performance score of 53.2 out of 100.
• 2021: The assessment expanded to include 11 companies, and the average payment performance score reached 57.4 out of 100.

What This Means

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.