The largest U.S. companies found it much harder to extend payments to suppliers in 2022, and have likely hit a ceiling on the practice of supplier payment terms optimisation that has historically helped them bolster their balance sheets, according to new working capital research from The Hackett Group, Inc.
An analysis of data from 1,000 of the largest U.S. public companies by The Hackett Group® showed that in 2022 days payable outstanding (DPO), or the number of days companies take to pay suppliers, decreased by nearly five days, or 8 per cent.
