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Purchase Orders are only one part of the equation. For a new client you may need a PO and some sort of other buy in such a deposit as well. For example when you receive a Government Purchase Order you know if you deliver properly payment is certain. Purchase Orders are more of a traditional formality, but present no more guarantees of getting paid (or in a timely manner) compared to a client without one.
Your specific purchase terms and how you evaluate the risk of new clients is more important that just the PO.