December Quarter Analysis 2017
Late Payment times edged higher in 2017
The average late payment time for a New Zealand business rose 9.7 percent during 2017, according to illion’s Late Payments analysis. Despite the annual increase, the late payment time for an overdue invoice was 5.8 days in Q4 2017, representing a marginal decline of 2 percent compared to the September quarter.
- 79.1% of invoices paid on time in Q4
- Christchurch late payment time up 14%
- Late payment time for smallest firms up 14.8%
- Agriculture best sector at 4.5 days