FSA Working Group
"The FSA WG has produced the News release Profitability, Equity Capitalization and Net Worth at Risk (Updated with 2015 data).
Financial Statement Analysis Working Group
FSA Working Group
"The FSA WG has produced the News release Customer and supplier payments periods and financial distress; This note presents the results gathered by six of the FSA-WG participating countries that could collect data related to the failure of corporations: Belgium, France, Italy, Portugal, Spain and Turkey, in an ad hoc analysis by using individual
FSA Working Group
"The FSA WG has produced this News release that presents the most recent trends in the collection and payment periods on trade credits of European non-financial corporations (Belgium, Germany, Spain, France, Croatia, Italy, Poland, Portugal and Turkey). This note contains an update of the previous report and covers the period 2007-2016.”
FSA Working Group
"The FSA WG has updated its user friendly excel tool that helps to explore and navigate through its trade credit data base of non-financial corporations. The database contains indicators of days sales outstanding (DSO) and days payable outstanding (DPO), used as proxies for customer and supplier payment periods.”
FSA Working Group
The FSA WG has produced this News release that presents the most recent trends in the collection and payment periods on trade credits of European non-financial corporations (Belgium, Germany, France, Italy, Poland, Portugal, Spain and Turkey). This note contains an update of the previous report and covers the period 2014-2015.
FSA Working Group
The FSA WG has produced a user friendly excel tool that helps to explore and navigate through its trade credit data base of non-financial corporations. The database contains indicators of days sales outstanding (DSO) and days payable outstanding (DPO), used as proxies for customer and supplier payment periods.
FSA Working Group
The Financial Statements Analysis Working Group (FSA WG) has published a set of documents, under the title: "The Use of Accounting Information to Estimate Indicators of Customer and Supplier Payment Periods" (PowerPoint).
Financial Statement Analysis Working Group
List of documents issued in 2024:
- Brief note on the current activity management of non financial corporations in European Countries
- Brief note on transitions across vulnerability categories based on their interest coverage ratio of non-financial corporations in European countries
List of documents issued in 2023:
- News release: Recent trends in customer and supplier payment periods - An International Comparison (updated with 2021 data)
- News release: The Financing Costs of Non-Financial Corporations in European Countries (updated with 2021 data)
List of documents issued in 2022:
- News release: Recent trends in customer and supplier payment periods - An International Comparison (updated with 2020 data)
- News release: The Financing Costs of Non-Financial Corporations in European Countries (updated with 2020 data)
List of documents issued in 2021:
- News release: Recent trends in customer and supplier payment periods on the eve of the COVID crisis (updated with 2019 data)
- News release: The Financing Costs of Non-Financial Corporations in European Countries (updated with 2019 data)
List of documents issued in 2019:
- News release: Recent trends in customer and supplier payment periods (updated with 2017 data)
- News release: The Financing Costs of Non-Financial Corporations in European Countries
- Infographic report on vulnerability of firms and financing cost
List of documents issued in 2018:
- News release: The use of accounting information to estimate an indicator of financing cost
- News release: Profitability, Equity Capitalization and Net Worth at Risk (Updated with 2015 data)
- News release: Customer and supplier payments periods and financial distress
- News release: Recent trends in customer and supplier payment periods (updated with 2016 data)
List of documents issued in 2017:
- News release: Recent trends in customer and supplier payment periods
- The Use of Accounting Information to Estimate Indicators of Customer and Supplier Payment Periods
- (PowerPoint) The Use of Accounting Information to Estimate Indicators of Customer and Supplier Payment Periods
Previous documents:
- Brun, Matthieu; Chai, Flavia; Elgg, Dominik; Esteban, Ana; van Gastel, George; Körting, Timm; Momo, Rossella; Nigro, Valentina; Poiares, Rita; Servant, François; Solera, Irune; Vivet, David (2013): Profitability, Equity Capitalization and Net Worth at Risk. How resilient are non-financial corporations in a crisis environment?
- The respective data tables (Annex 2 of the research paper) can be downloaded as an Excel file here.
- Delbreil, Michel; Esteban, Ana; Foulcher, Sandra; Elgg, Dominik; Favale, Vincenzo; Körting, Timm and Varetto, Franco (2005): Net Worth at Risk
- Delbreil, Michel; Esteban, Ana; Friderichs, Hans; Paranque, Bernard; Partsch, Franz; Varetto, Franco; Savary-Mornet, Maud and Coeurderoy, Régis (2000): Corporate Finance in Europe from 1986 to 1996
- Delbreil, Michel; Cano, José Ramón; Friderichs, Hans; Gress, Benoit; Paranque, Bernard; Partsch, Franz and Varetto, Franco (1997): Equity of European Industrial Corporations
The papers in 1997, 2000 and 2005 were published under the former name "Own Funds Working Group".
The paper in 2013 was published under the name “Study Group”.
Publications associated with the Financial Statement Analysis Working Group:
Mouriaux F., Foulcher-Darwish S.: Corporate equity and financial stability: An approach based on net worth at risk, Banque de France, Financial Stability Review, No. 8, May 2006
Financial Statement Analysis Working Group
The scope of the Financial Statement Analysis Working Group is common microeconomic research on specific topics of the economic and financial situation of non-financial entities in an international setting. Such research can include any field of financial statement analysis like profitability, equity endowment, liability structure or asset composition. Structural, cross-sectional and time-series analyses are mainly applied. When producing cross-country figures, the working group also investigates whether accounting or institutional characteristics can explain differences in the results.