More than half of New Zealand businesses were delinquent in making payments to each other during the three months ending June 2011, with an average payment term of 45.8 days. This was nearly two days longer than 12 months ago and is indicative of the cash flow pressures many Kiwi businesses are facing in recent times.
Although businesses took marginally less time to pay their bills in the June quarter than the March quarter, payment terms have overall trended upwards since the 42-day lows in last year’s September quarter. These are some of the findings from the latest Dun & Bradstreet business-to-business Trade Payment Analysis for the June quarter 2011.
Click here to download the Trade Payment Analysis - June Quarter 2011 (PDF).