The average number of days taken by firms to pay bills from other businesses stalled in the September quarter, but is still at its equal lowest level since the fourth quarter of 2007.Figures from Dun&Bradstreet -- based on millions of current accounts
The average number of days taken by firms to pay bills from other businesses stalled in the September quarter, but is still at its equal lowest level since the fourth quarter of 2007.
Figures from Dun&Bradstreet -- based on millions of current accounts receivable records in its database -- showed firms in this country took an average of 44.3 days to settle trade accounts during the September quarter.
That is the same as in the June quarter this year and as in the September quarter 2009, and considerably better than the 50.8 days in the final quarter of 2008 which was the worst since the onset of the global financial crisis.
Business-to-business payment terms provided a good indication of firms' cash position, Dun&Bradstreet said.
