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First Merchants Corporation  (FRME)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 

First Merchants Accounts Receivables Turnover Ratio from the forth quarter 2023 to the forth quarter 2022

Quarterly Results, Trends, Rankings, Statistics


First Merchants Corporation's ability to collect accounts receivable sequentially worsen to 2.11, indicating more challenging environment then in the third quarter 2023, but still, it is a far cry from any concerns. First Merchants's Average receivable collection period in the Dec 31 2023 quarter, has increased to 173 days, from 169 days, in the Sep 30 2023 quarter.

If we take a look into Financial sector 306 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 1849, from overall ranking in the third quarter 2023 at 3581.

What is Receivable Turnover Ratio?
What is First Merchants Corporation Selling?


What is Receivable Turnover Ratio?




FRME Receivables Turnover Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Receivable Change -0.65 % -0.27 % -21.63 % -11.17 % -11.46 %
Y / Y Revenue Change -10.46 % -6.3 % 17.1 % 31.94 % 36.18 %
Receivable Turnover Ratio (TTM) 2.11 2.16 2.2 1.98 1.8
FRME's Total Ranking # 1849 # 3581 # 1682 # 3655 # 3702
Average receivable collection period 173 169 166 184 202
Seq. Receivable Change 0.06 % -0.3 % -0.67 % 0.25 % 0.45 %
Seq. Revenue Change -2.65 % -3 % -2.93 % -2.3 % 1.87 %


Receivable Turnover Company Ranking
Within: No.
Commercial Banks Industry # 24
Financial Sector # 307
Overall Market # 1849

Receivable Turnover Ratio Statistics
High Average Low
0.04 0.04 0.03
(June 30. 2015)   (Mar 31 2021)






Financial Statements
First Merchants's Accounts Receivable $ 306 Millions Visit FRME's Balance sheet
First Merchants's Sales TTM $ 648 Millions Visit FRME's Income Statement
Where are FRME's Sales coming from? Visit FRME's Sales by Geography

Other Accounts Receivable Turnover Ratios
Commercial Banks Industry Accounts Receivable Turnover Trends and Statistics
Financial Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
FRME's Receivable Turnover Ratio versus Commercial Banks Industry, Financial Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for FRME's Competitors
Receivables Turnover Ratio for FRME's Suppliers
Accounts Receivables Turnover Ratio for FRME's Customers

You may also want to know
FRME's Growth Rates FRME's Roa FRME's Inventory Turnover Ratio FRME's Dividend Comparisons
FRME's Profitability Ratios FRME's Roi FRME's Asset Turnover Ratio FRME's Dividend Growth
FRME's Valuation Ratios FRME's Roe FRME's Financial Strength Ratios FRME's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2023, within Financial Sector Receivable Turnover Ratio Revenues for 12 Months ending Dec 31 2023 Receivable at quarter ending Dec 31 2023
Piper Sandler Companies  5.79 $ 1,358.113  Millions$ 234.424  Millions
Creditriskmonitor com Inc   5.76 $ 18.932  Millions$ 3.287  Millions
Federal Realty Investment Trust  5.73 $ 1,132.154  Millions$ 197.500  Millions
Equifax inc   5.64 $ 5,265.200  Millions$ 932.875  Millions
Transunion  5.62 $ 3,851.900  Millions$ 685.725  Millions
Brightspire Capital Inc   5.57 $ 298.702  Millions$ 53.583  Millions
Unum Group  5.56 $ 12,385.900  Millions$ 2,226.000  Millions
Fb Financial Corporation  5.52 $ 475.221  Millions$ 86.066  Millions
Erie Indemnity Company  5.48 $ 3,297.908  Millions$ 601.461  Millions
Amalgamated Financial Corp   5.39 $ 275.977  Millions$ 51.164  Millions
Copt Defense Properties  5.23 $ 684.982  Millions$ 130.981  Millions
Kinsale Capital Group Inc   5.22 $ 1,224.449  Millions$ 234.347  Millions
Blue Owl Capital Inc   5.20 $ 1,753.784  Millions$ 337.300  Millions
Macerich Co  5.17 $ 884.068  Millions$ 170.871  Millions
Travelers Companies inc   5.07 $ 41,364.000  Millions$ 8,155.500  Millions
Southern Missouri Bancorp Inc   5.02 $ 153.926  Millions$ 30.657  Millions
Lakeland Financial Corporation  4.99 $ 241.043  Millions$ 48.335  Millions
Whitestone Reit  4.97 $ 146.969  Millions$ 29.556  Millions
Stepstone Group Inc   4.95 $ 527.195  Millions$ 106.416  Millions
Highlands Reit Inc   4.88 $ 30.981  Millions$ 6.342  Millions
S and p Global Inc   4.82 $ 12,531.000  Millions$ 2,599.000  Millions
Pcb Bancorp  4.81 $ 99.319  Millions$ 20.642  Millions
Carlyle Group Inc   4.77 $ 2,963.900  Millions$ 621.250  Millions
Sun Communities Inc  4.77 $ 3,224.600  Millions$ 675.950  Millions
Senmiao Technology Limited  4.75 $ 9.886  Millions$ 2.082  Millions
Iron Mountain Inc  4.58 $ 5,480.289  Millions$ 1,195.990  Millions
Assurant Inc   4.58 $ 11,131.600  Millions$ 2,431.450  Millions
Magyar Bancorp Inc   4.55 $ 30.236  Millions$ 6.640  Millions
Digital Realty Trust inc   4.53 $ 5,477.061  Millions$ 1,208.071  Millions
Sofi Technologies Inc   4.53 $ 2,122.789  Millions$ 468.247  Millions

Date modified: 2024-03-01T05:19:28+00:00



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