Company dedicated to insuring receivables checked in seven industries, how long it takes the average delay in payment, what are the terms of trade credit, the size of the difficult debt and the amount of duty paid on time. The investigator took a closer look at manufacturers of building materials, steel, food, cosmetics and trading company cleaning agents, Appliances and Electronics, and transport companies.
These figures suggest that companies in the province. Lublin are clearly at odds with the timely settlement of their transactions. Lublin is at the forefront of combinations of delays in more than half of industries studied by Euler Hermes. Not much better is the case with the size of the difficult debts, those for which it can be assumed that there will be repaid: in three out of seven sectors entrepreneurs from Lublin were in the top three. The statements receivables repaid within three business sectors occupy Lublin last place.
Especially bad is the trade Appliances – in Lublin province date back to 127 days of delay. Worse is the only Swietokrzyskie (139 days), but there this year as a result of pregnancy effects of bankruptcy Avans network owner. Lubelski appliances trade is also a very low percentage of receivables repaid on time (only one-fifth of the invoice) and the high value of difficult debts (older than four months). They represent nearly 80 percent. the entire portfolio of receivables.
There also looks best trade situation cosmetics and cleaning products. Here Lublin leads the company in terms of length of delays in payments (an average of 30 days, in Pomerania located on the second it takes 22 days), the size of the difficult debt (14 per cent., The second largest in the statement Podkarpaciu is – for comparison – 3 per cent.) and ranking of invoices repaid on time took the last place (65 percent.).
– Lublin is the island on the wall east, where actually pays badly. Because they have such. Podlaskie and Podkarpackie in this regard fall out very well, payment terms, there are relatively short compared to other regions – says Michael Modrzejewski, director of industry analysis Euler Hermes .
According to our calculations show that entrepreneurs from Podkarpacie have high morals payment. In trade invoices paid a percentage of household appliances for the duration reaches 99.7 per cent., RTV – 98.6 per cent., In the production of food – almost 93 percent. In each of these three sectors Subcarpathian entrepreneurs have practically no difficult debts in the portfolios of their claims they occupy only 0.1 to 0.6 percent. Crack in this picture is the state transport companies: it is the carriers from the region only every third invoice to pay on time, and the value of hard debt reaches 33 percent. wallet. This is the worst result in the country.
But the problems of transport is not just a feature of the Podkarpacie . The situation deteriorated transport companies throughout the country. And it is in this sector is currently the biggest problems with payments. In eleven regions significantly lengthened the delay in payment compared to last year. Record holders in this respect are entrepreneurs from Galicia, the average transport charges paid are there 51 days after the date (a year ago it was 30 days). And hoping that the length of trade credit, the flow of money lasts as much as 95 days, which is the national record.
– The transport sector has been affected most Russian embargo. But her problems began earlier, the Polish transport companies for some time already have trouble obtaining a license to get around the Russian Federation – says Michael Modrzejewski.
In his view, before transport companies rather difficult period and will not change the falling fuel prices. Because it is true they mean lower costs – but to have them at all, you need to realize some supplies.
– The question is whether shipping companies will have every carry. And because low fuel prices do not translate into either the size of trade credit, or the length of its duration – comments Modrzejewski.
The other critical industries have better. In the construction industry, which until recently was synonymous with high liquidity crises and gridlock, producers of building materials can enjoy a small stabilization: delays are, but not lengthened in comparison with the previous year. A percentage of the invoices paid on time even improved, still within the average pay 75 percent of the builders., 73 per cent a year ago. (Again, against this background stands out negatively Lublin, where at the time you pay 68 per cent. Of invoices). In food production like – delay slightly shortened to 12 days (from 14 last year), and the percentage of timely payments increased from 83.5 per cent. to 85.8 percent. In this industry compared to the average entrepreneur worst record in the voivodship, where you pay on time 77 percent. invoices, and the average delay is 17 days.
What is the morality of paying
indicators show the risk of payment morality in cooperation with the different companies, industries or investment in different countries. The worse the morality of paying the higher the probability that the company will not receive payment on time. There is no single universal methodology for calculating indices payment morality. But companies that deal with (usually companies or insurance recovery), the determination of their use the same variables. Most often take into account the time cycle of receivables, days past due payments, check what percentage of invoices are paid on a regular basis, and how much in the portfolios of companies are debts difficult or bad.
For our material, we considered three types of information: the average time overdue payments, debts difficult part of the portfolio (ie, unpaid minimum of 120 days after the date) and the value of claims paid on time. For the an alysis we used the statement prepared by Euler Hermes dedicated to insuring receivables. Statement related to the seven selected industries, by region. For each province szeregowaliśmy industry, assigning to each a certain number of points (16 to 1, where 16 points is the worst indicator, 1 point – the best). This is how our ranking of payment morality of individual regions.
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