Manufacturing Benchmarks
Payment and receivables performance benchmarks
Key Metrics
Average Days to Payment Industry average time from invoice to payment
Median Days to Payment 50th percentile payment time
% On-Time Payment Rate Percentage paid within terms
% Bad Debt Rate Percentage of uncollectable receivables
Additional Metrics
38 days
52 days
31 %
28 days
How to Use These Benchmarks
Compare your organization's performance against these industry benchmarks:
- Days to Payment: If your average is higher than the benchmark, consider reviewing your credit policies and collection procedures.
- On-Time Rate: A lower rate may indicate issues with payment terms or customer communication.
- Bad Debt Rate: Higher rates warrant a review of credit approval processes and customer risk assessment.
Source: NewsworthyIsh Industry Survey
Sample Size: 620 manufacturers businesses
Period: Invalid Date