Accounts Receivable and Days Sales Outstanding Industry Report

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A Quarterly Report for Benchmarking A/R Performance

Overview of the Q3 2023 Report

The Q3 2023 U.S. Accounts Receivable and Days Sales Outstanding Industry Report from Dun & Bradstreet and the Credit Research Foundation (CRF) shows that 18 of the 225 industry segments report 10% or more of their aging dollars are 91+ days past due. These results are slightly lower than Q2 2023, when 24 industry segments reported more than 10% of their aging dollars were severely delinquent (91+ days late).

The Q3 2023 report lists industries by SIC code, along with the percentage of Dun & Bradstreet reporting companies that are current on payments, then slow to 30 days late, slow to 60 days late, slow to 90 days late, and then severely delinquent at 91+ days late.

The Q3 2023 segment data is organized into 15 categories: Agriculture; Business and Professional Services; Chemicals; Construction; Consumer Goods; Energy and Utilities; Food; Machinery; Manufacturing; Metals and Mining; Retail; Technology and Electronics; Transportation; Wholesale; and Wood and Paper. To see the full report, download it here.

Data Preview from the Q3 2023 Report

As a preview of the data available in the full Q3 2023 report, the table below includes the top 15 industries that paid more than 91+ days late during Q3 (July 1-September 30) 2023.

The table shows that companies in business and professional services, manufacturing, and energy and utilities industry segments report to Dun & Bradstreet that 10% or more of their accounts receivable dollars are paid severely delinquent (91+ days past due). Certain types of retail, transportation, and food companies also report more past due dollars. However, note that many of those industries reporting more than 10% of their dollars severely delinquent still have the majority of their dollars current.

SIC Code Industry of Trade Exchange Program Participant % Paying Current Up to 30 Days Late 30-60 Days Late 60-90 Days Late 91+ Days Late
8399 Social services 23.2% 0.8% 3.0% 0.7% 72.4%
76 Miscellaneous repair services 58.3% 11.3% 4.7% 3.1% 22.7%
7699 Repair services 58.5% 11.3% 4.7% 3.1% 22.4%
3069 Mfg fabricated rubber products 68.3% 10.3% 2.5% 1.4% 17.6%
13 Oil and gas extraction 37.0% 25.0% 11.9% 8.5% 17.6%
3841 Mfg surgical/medical instruments 67.4% 9.8% 4.0% 3.0% 15.8%
5734 Ret computers/software 56.0% 17.6% 7.1% 3.6% 15.8%
5142 Whol packaged frozen goods 71.7% 10.5% 1.5% 0.9% 15.4%
57 Home furniture, furnishings, and equipment stores 56.2% 17.7% 7.0% 3.8% 15.3%
3444 Mfg sheet metalwork 77.1% 7.0% 1.3% 0.8% 13.7%
5712 Ret furniture 56.7% 18.3% 6.4% 6.5% 12.1%
2741 Misc publishing 65.7% 13.9% 5.3% 3.4% 11.8%
5531 Ret auto/home supplies 54.3% 2.6% 25.0% 7.2% 10.8%
5049 Whol professional equipment 31.6% 26.6% 24.6% 6.6% 10.6%
4212 Local trucking operator 55.7% 25.2% 5.7% 3.0% 10.5%

Methodology

This joint report expands upon the Credit Research Foundation's quarterly report, the National Summary of Domestic Trade Receivables (NSDTR), by providing aging A/R percentages on more industry segments. Dun & Bradstreet’s aging A/R data is supplied by participants in the Global Trade Exchange Program, its commercial trade data network, and aggregated by the industry of Global Trade Exchange Program participants. Participants report their trade payment information to help strengthen reporting of trade credit experiences.

The DSO numbers are those collected by CRF from its NSDTR survey process. Dun & Bradstreet’s aging A/R data and CRF’s DSO numbers are presented side by side for an industry. Both sets of data are presented when the number of providers and survey results meet a minimum threshold of relevance.

The information provided in this article is for suggestion-purposes only and based on best practices. Dun & Bradstreet is not liable for the outcome or results of specific programs or tactics undertaken based on your use of the information. Please contact an attorney or tax professional if you are in need of legal or tax advice.


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