The consolidated debt at 60/90 days for the Sep 2018 quarter was 5.66%. This was slightly lower than the Sep 2017 results. The 2017/2018 financial year average for outstanding debt at 60/90 days was 6.57%. This was a big improvement on the 2016/2017 results which averaged 7.72% for the year.
BICB Statistics – General
The equipment hire sector lead the field when it comes to outstanding balances at 60/90+ days, with an average of 17.3% for the three months ending 31 December 2018. The consolidated value of debt at 60/90 days at 31 December 2018 was $224,576,592 (8.7%).
Our data shows that the Consolidated 60/90 debt percentage for the first four months of 2018 is slightly higher than the first six months of the 2017/2018 financial year. It will be interesting to see if this trend continues. Consolidated DSO Result Days Sales Outstanding (DSO) represents the average number of days it takes …