Overview of the Q2 2024 Report
The Q2 2024 U.S. Accounts Receivable Industry Report from Dun & Bradstreet shows that 18 of the 210 industry segments report 10% or more of their aging dollars are 91+ days past due. These results are lower than Q1 2024, when 23 industry segments reported more than 10% of their aging dollars were severely delinquent (91+ days late).
The Q2 2024 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 Q2 2024 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 Q2 2024 Report
As a preview of the data available in the full Q2 2024 report, the table below includes the top 15 industries that paid more than 91+ days late during Q2 (April 1 – June 30) 2024.
The table shows that companies in business and professional services, manufacturing, transportation, and food segments report to Dun & Bradstreet that more than 15% of their accounts receivable dollars are paid severely delinquent (91+ days past due). 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 |
|---|---|---|---|---|---|---|
| 3496 | Mfg misc fabricated wire products | 52.8% | 11.7% | 3.7% | 2.4% | 29.4% |
| 7699 | Repair services | 59.8% | 13.2% | 5.4% | 2.7% | 18.9% |
| 76 | Miscellaneous repair services | 54.3% | 15.6% | 8.1% | 4.3% | 17.8% |
| 7514 | Passenger car rental | 49.5% | 22.4% | 6.9% | 3.6% | 17.7% |
| 5142 | Whol packaged frozen goods | 72.4% | 9.7% | 1.7% | 1.0% | 15.3% |
| 5734 | Ret computers/software | 63.7% | 13.2% | 5.3% | 3.5% | 14.3% |
| 3444 | Mfg sheet metalwork | 76.4% | 7.4% | 1.6% | 0.8% | 13.9% |
| 57 | Home furniture, furnishings, and equipment stores | 63.8% | 13.8% | 5.5% | 3.4% | 13.6% |
| 13 | Oil and gas extraction | 46.8% | 25.4% | 10.7 | 4.6% | 12.5% |
| 2741 | Misc publishing | 66.7% | 12.7% | 5.2% | 3.3% | 12.0% |
| 7353 | Heavy construction equipment rental | 52.6% | 22.1% | 9.1% | 4.2% | 12.0% |
| 3841 | Mfg surgical/medical instruments | 74.8% | 7.8% | 4.2% | 2.3% | 10.9% |
| 5136 | Whol mens/boys clothing | 71.6% | 15.4% | 1.2% | 1.0% | 10.9% |
| 4813 | Telephone communications | 55.9% | 21.7% | 7.5% | 4.2% | 10.8% |
| 7359 | Equipment rental/leasing | 62.5% | 6.1% | 10.7% | 10.1% | 10.6% |
Methodology
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 the Global Trade Exchange Program participants. Participants contribute their trade payment information to help strengthen reporting of trade credit experiences.
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.