Large Businesses Showing Greatest Signs of Improvement, According to Experian's Latest Business Benchmark Report
COSTA MESA, Calif., March 23 /PRNewswire/ -- Experian®, the leading global information services company, today announced the results of its monthly Business Benchmark Report. In February, the national average commercial risk score was 58.15,* improving by 1.8 percent over January's number. Businesses with 250 to 499 employees have shown the greatest change in the percent of delinquent dollars, seeing a 5.7 percent improvement over the past six months. The largest businesses — those with more than 1,000 employees — have improved by 3.6 percent and continue to rank among the lowest rate of severe delinquency at 2.1 percent, far below the national average.
Other key findings from this month's Business Benchmark Report include the following.
Risk score:
- The national average commercial risk score was 58.15, which improved over last month by more than a full point (or 1.8 percent), continuing to indicate signs of stability and improvement in the business sector.
- Utility companies still have the highest risk score average of all industries (68.39), while the hospitality, retail and finance industries continue to have the lowest average at 51.91, 51.77 and 49.88, respectively.
- The Plains states have the highest risk score average of all geographic areas (62.11), but North Dakota and Vermont showed the highest per-state average, with 66.80 and 64.46, respectively. The Northeast continues to have the lowest average risk score (55.30). However, the states with the lowest average scores are Florida (53.28) and Nevada (51.97).
Average days beyond terms (DBT):
- Health services, public administration and education services demonstrate the best payment performance and are well below the national average, coming in at 4.90, 5.27 and 5.55 DBT, respectively.
- New England and the Northeast show the best average payment performance, with 4.78 and 4.61 DBT, respectively. However, Alaska (2.74) and Mississippi (3.40) came in with the lowest average DBT per state. Arizona, New Mexico and Nevada had the highest, with 11.11, 11.52 and 12.00 DBT, respectively.
*Based on a 100-point scale
Percentage of dollars delinquent:
- The national average percentage of dollars delinquent for February improved by 3 percent over the past six months, and the percentage of dollars 91-plus days delinquent remained stable in February, after seeing a 2 percent improvement last month.
- The hospitality industry showed the greatest change, with a 13 percent improvement in the percentage of dollars delinquent and an 11 percent improvement in the percentage of dollars 91-plus days delinquent.
- The South Central and Mountain regions showed the greatest improvement in percentage of dollars delinquent (7 percent and 15 percent) and percentage of dollars 91-plus days delinquent (4 percent and 11 percent), respectively. Texas; California; and Washington, D.C., were among the areas with the lowest percentage of dollars delinquent, with an average of 10.01, 9.6 and 7.5, respectively.
February 2010 |
Six-month change |
|||||||||
Risk score |
Average DBT |
Percent $ delinquent |
Percent $ 91+ |
Risk score |
Average DBT |
Percent $ delinquent |
Percent $ 91+ |
|||
National average |
58.15 |
6.26 |
12.2% |
5.3% |
-1.8% |
4% |
-3% |
0% |
||
Number of employees |
||||||||||
Nonemployer |
60.11 |
5.46 |
7.7% |
4.9% |
-1.7% |
2.7% |
-5.1% |
-2.3% |
||
1 to 4 |
55.96 |
7.04 |
14.4% |
8.0% |
-2.1% |
5.7% |
0.5% |
2.2% |
||
5 to 9 |
54.10 |
8.27 |
14.8% |
7.5% |
-1.9% |
5.9% |
0.7% |
5.1% |
||
10 to 19 |
53.61 |
8.36 |
14.8% |
6.1% |
-1.5% |
4.9% |
-1.1% |
3.4% |
||
20 to 49 |
54.90 |
8.17 |
14.0% |
4.7% |
-0.8% |
4.0% |
-2.2% |
4.2% |
||
50 to 99 |
55.47 |
7.82 |
15.3% |
3.9% |
-0.5% |
3.3% |
-2.2% |
1.6% |
||
100 to 249 |
53.72 |
8.16 |
16.0% |
2.9% |
-0.6% |
3.0% |
-2.3% |
-1.5% |
||
250 to 499 |
52.30 |
8.72 |
14.9% |
2.2% |
-0.9% |
3.5% |
-5.7% |
-0.9% |
||
500 to 999 |
51.78 |
8.83 |
16.9% |
1.5% |
-1.7% |
4.2% |
-4.5% |
-11.6% |
||
1,000 and over |
38.16 |
7.69 |
19.0% |
2.1% |
-12.2% |
9.4% |
-3.6% |
-0.8% |
||
Risk score |
Average DBT |
Percent $ delinquent |
Percent $ 91+ |
Risk score |
Average DBT |
Percent $ delinquent |
Percent $ 91+ |
|||
Industry group |
||||||||||
Agriculture |
62.93 |
5.63 |
11.44% |
6.72% |
-1.09% |
5% |
9% |
17% |
||
Forestry |
64.68 |
3.87 |
8.39% |
3.26% |
-1.11% |
4% |
7% |
13% |
||
Mining |
60.26 |
5.04 |
6.40% |
1.16% |
-0.76% |
3% |
-10% |
-15% |
||
Construction |
55.00 |
10.38 |
22.10% |
9.68% |
-1.27% |
4% |
-1% |
3% |
||
Manufacturing |
55.77 |
8.89 |
15.65% |
4.35% |
-1.12% |
4% |
-1% |
7% |
||
Transportation |
52.70 |
8.15 |
14.47% |
6.13% |
-2.02% |
4% |
1% |
1% |
||
Communications |
49.48 |
10.20 |
18.43% |
8.36% |
-3.30% |
7% |
0% |
3% |
||
Utilities |
68.39 |
5.19 |
15.77% |
2.90% |
-0.66% |
5% |
-3% |
-9% |
||
Wholesale trade |
56.16 |
7.92 |
13.07% |
3.44% |
-1.31% |
4% |
-2% |
1% |
||
Retail trade |
51.77 |
8.33 |
18.02% |
5.75% |
-2.26% |
6% |
1% |
4% |
||
Finance |
49.88 |
9.02 |
13.15% |
8.50% |
-3.17% |
5% |
-4% |
-2% |
||
Insurance |
58.97 |
6.29 |
8.57% |
6.00% |
-2.53% |
6% |
7% |
15% |
||
Real estate |
55.74 |
6.78 |
4.67% |
2.95% |
-1.95% |
4% |
0% |
2% |
||
Hospitality |
51.91 |
7.24 |
6.21% |
1.97% |
-1.89% |
2% |
-13% |
-11% |
||
Business services |
54.12 |
8.99 |
15.55% |
8.24% |
-2.50% |
7% |
1% |
3% |
||
Health services |
60.63 |
4.90 |
10.85% |
3.78% |
-1.66% |
5% |
-1% |
3% |
||
Legal services |
56.29 |
6.85 |
13.93% |
9.50% |
-2.49% |
7% |
-5% |
0% |
||
Educational services |
60.96 |
5.55 |
10.70% |
5.24% |
-1.43% |
5% |
-1% |
6% |
||
Public admin. |
60.74 |
5.27 |
14.27% |
4.61% |
-1.89% |
6% |
2% |
8% |
||
Risk score |
Average DBT |
Percent $ delinquent |
Percent $ 91+ |
Risk score |
Average DBT |
Percent $ delinquent |
Percent $ 91+ |
|||
Region |
||||||||||
Mid-Atlantic |
60.33 |
5.38 |
12.7% |
4.5% |
-1.6% |
6% |
1% |
4% |
||
Midwest |
59.85 |
6.57 |
17.0% |
7.0% |
-1.6% |
4% |
1% |
2% |
||
Mountain |
58.42 |
9.52 |
8.3% |
4.4% |
-1.4% |
3% |
-15% |
-11% |
||
New England |
61.19 |
4.78 |
10.7% |
3.9% |
-1.1% |
5% |
1% |
5% |
||
Northeast |
55.30 |
4.61 |
14.4% |
5.4% |
-1.6% |
4% |
3% |
7% |
||
Northwest |
60.06 |
8.00 |
12.4% |
5.1% |
-1.7% |
4% |
-3% |
0% |
||
Plains |
62.11 |
5.95 |
13.0% |
4.4% |
-1.1% |
5% |
4% |
8% |
||
South Central |
58.00 |
5.56 |
10.1% |
3.8% |
-1.7% |
2% |
-7% |
-4% |
||
Southeast |
56.29 |
6.88 |
13.3% |
6.2% |
-2.0% |
3% |
0% |
3% |
||
Southwest |
56.58 |
6.26 |
9.9% |
5.2% |
-2.5% |
6% |
-6% |
1% |
||
To see a visual representation of this data and other information broken down by state in an interactive map of the United States, visit http://www.BusinessCreditFacts.com/map.
About the Business Benchmark Report
Experian's Business Benchmark Report is a monthly look at how businesses are faring in the United States. Designed to monitor the progress of business recovery, the report looks at four key indicators of business health, including commercial risk score, days beyond payment terms, percentage of dollars delinquent and percentage of dollars severely delinquent.
About Experian's Business Information Services
Experian's Business Information Services partners with organizations to establish and strengthen customer relationships, enabling them to mitigate risk and improve profitability. The company's business database provides comprehensive, third-party-verified information on U.S. companies of all sizes, with the industry's most extensive data on the broad spectrum of small and midsize businesses. By leveraging state-of-the-art technology and superior data compilation techniques, Experian is able to provide market-leading tools that assist clients in processing new applications, managing customer relationships and collecting on delinquent accounts. For more information about Experian's advanced business-to-business products and services, visit http://www.experian.com/b2b or call 1 800 520 1221.
About Experian
Experian is the leading global information services company, providing data and analytical tools to clients in more than 65 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score and protect against identity theft.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2009, was $3.9 billion. Experian employs approximately 15,000 people in 40 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; Costa Mesa, California; and Sao Paulo, Brazil.
For more information, visit http://www.experianplc.com.
Experian and the marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein may be the trademarks of their respective owners.
Contact: |
|
Roslyn Whitehurst |
|
Experian Public Relations |
|
1 714 830 5578 |
|
Available Topic Expert(s): For information on the listed expert(s), click appropriate link.
Dan Meder
https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=71465
SOURCE Experian
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