Tuesday, June 03, 2008
Outstanding Debtor Days
Not that it should be any news to anyone, but Intrum Justita find that the average outstanding debtor days just went up from 14.3 days over the due date, to 16.4. 54 Days is the average payment duration in Ireland. Not bad, I think, if you actually do get paid. The problem is, that the longer it's out there, the less likely you are to get paid, and the more likely your debt is competing with someone else's debt.