Business payments to creditors recovered in 3Q & 4Q 2020, sa

Business payments to creditors recovered in 3Q & 4Q 2020, says Experian


KUALA LUMPUR (Jan 14): The average number of days Malaysian companies take to pay their creditors recovered in the third and fourth quarters of 2020 (3Q and 4Q20), according to Experian Information Services Malaysia.
In its ‘Industry Debts Turned Cash’ Indicators (i-DTC) on payment trends in 2019 and 2020 released today, Experian said in this study, seven selected industries of construction, hospitality and food/beverage, manufacturing, retail, services, transportation and storage, and wholesale were examined.
It said i-DTC measures the average number of days companies take to pay their creditors after the invoice date.
The firm the study is based on more than 500,000 payment records on business corporations and SMEs across a spectrum of industries facilitating a clearer picture of how fast companies are paying their creditors.

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