“Sageworks 7″ Industries with Highest Accounts Receivable Days
Wednesday, February 25th, 2009Below is Sageworks list of the 7 industries that took longest to collect payment for their services/products over the last 12 months (upwards of 48 days). You will see that 6 of the 7 industries are related to construction and real estate; perhaps to offset sluggish sales, the average company in these industries is allowing customers to pay more leniently. All of the industries saw their accounts receivable days increase from 2007.
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“Sageworks 7″ Industries with the Highest Accounts
Receivable Days Over the Last 12 Months |
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Rank
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Industry |
Financial Metric
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2008
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2007
|
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1
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Architectural, Engineering, and Related Services
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Accounts Receivable Days
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50.5
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43.5
|
|
2
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Utility System Construction
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Accounts Receivable Days
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50.1
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52.7
|
|
3
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Coating, Engraving, Heat Treating & Allied Activities
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Accounts Receivable Days
|
49.7
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45.2
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|
4
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Architectural & Structural Metals Manufacturing
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Accounts Receivable Days
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49.3
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47.6
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5
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Building Finishing Contractors
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Accounts Receivable Days
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49.1
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46
|
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6
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Nonresidential Building Construction
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Accounts Receivable Days
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49.0
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50.6
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|
7
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Building Equipment Contractors
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Accounts Receivable Days
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48.5
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46.1
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