Accounts Receivable and Days Sales Outstanding Industry Report

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A Quarterly Report for Benchmarking A/R Performance

Q3 2022 Report

The U.S. Accounts Receivable and Days Sales Outstanding Industry Report from Dun & Bradstreet and the Credit Research Foundation suggests that industries are showing resilience even while facing economic and market challenges – at least from the companies that submit A/R data to Dun & Bradstreet and the CRF.

 

The Q3 2022 report shows that 21 of the 211 industry segments report more than 10% of their aging dollars are 90+ days past due. These results are higher than Q2 2022 when 16 industry segments reported more than 10% of their aging dollars were severely delinquent.

 

The Q3 2022 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 (for more information, see Methodology below.) The Q3 2022 report data is presented in 15 different industry segments: 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.

 

Highlights of the Q3 report show that companies in the publishing industry and the construction industry report to Dun & Bradstreet that almost a third or more of their accounts receivable dollars are paid severely delinquent. Certain types of manufacturing, wholesale, business and professional services, and consumer goods companies 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.

 

As a preview of the data available, the chart below shows the top 15 industries that paid more than 90 days late during Q3 (July 1-September 30) 2022. 

Top 15 Industries Getting Paid Severely Late in Q3 2022

SIC Code Industry % Paying Current Up To 30 Days Late 30-60 Days Late 60-90 Days Late 91+ Days Late
2741 Misc publishing 37.7% 8.4% 3.8% 2.4% 47.7%
1542 Nonresidential construction 51.0% 10.5% 2.6% 1.6% 34.3%
15 Construction - General Contractors & Operative Builders 51.4% 10.4% 2.7% 1.6% 33.9%
3533 Mfg oil/gas field machinery 42.7% 17.0% 5.1% 3.2% 32.0%
4813 Telephone communications 50.1% 14.6% 5.6% 4.1% 25.7%
5047 Whol medical/hospital equipment 51.9% 0.4% 19.0% 9.0% 19.7%
5142 Whol packaged frozen goods 69.4% 12.6% 2.0% 1.0% 15.1%
7359 Equipment rental/leasing 42.4% 11.5% 16.4% 15.3% 14.4%
5734 Ret computers/software 54.1% 18.4% 9.0% 4.9% 13.7%
57 Home Furniture, Furnishings and Equipment Stores 54.3% 18.6% 9.0% 4.7% 13.4%
76 Miscellaneous Repair Services 63.2% 14.7% 5.5% 3.4% 13.3%
7699 Repair services 63.7% 14.9% 5.5% 3.1% 12.7%
3444 Mfg sheet metalwork 77.6% 7.3% 1.5% 0.9% 12.7%
5191 Whol farm supplies 71.6% 11.4% 2.6% 2.0% 12.4%
5122 Whol drugs/sundries 64.6% 13.7% 4.6% 5.3% 11.8%

Methodology

This joint report expands upon the Credit Research Foundation's own 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 contributors to the Global Trade Exchange Program, its commercial trade data network. Contributors 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 numbers of providers and survey results meet a minimum threshold of relevance.

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