In the financial quadrant No.16 and also in the financial analysis flowchart, the Receivable Days and Payable Days need to be compared to industry averages. Is there a website or a quick way to obtain this industry average? Because the alternative is to analyse a large number of companies within the same industry to obtain a fair average, which is probably not efficient.
Look forward to your advice. Thank you for your time.
I am not sure of any site that provide the industry average figure. On personal level, I do it manually by analysing its with their competitors. You just need to get a rough gauge of the figure hence you can look a few companies to compare instead of a large number of them.
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