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Mercantile Bank Corporation  (MBWM)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial

Mercantile Bank's Working Capital Per Sales

MBWM's Working Capital and Revenue growth



MBWM Working Capital Per Revenue (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Working Capital Change 57.07 % 204.74 % - - -
Y / Y Revenue Change 17.5 % 27.98 % 36.63 % 14.1 % 4.32 %
Working Capital Per Revenue 2.57 2.45 2.1 1.3 0.21
Total Ranking # # # # #
Seq. Working Capital Change -14.72 % -9.71 % 27.06 % 60.54 % 65.45 %
Seq. Revenue Change 3.22 % -2.81 % -1.22 % 18.58 % 12.42 %





Comment on MBWM's Working Capital Per Revenue in the third quarter 2023
Mercantile Bank's Working Capital Per Revenue sequentially grew to 2.57 during the Q3 2023, above the company average.

Within Financial sector Mercantile Bank Corporation has achieved the lowest Working Capital Per Revenue. While Working Capital Per Revenue remained unchanged in the Q3 2023 relative to the prior quarter at no. .
Working Capital Per Revenue Ranking
Within: No.
Industry #
Sector #
S&P 500 #


Working Capital Per Revenue Statistics
High Average Low
0
0
0
 



Financial Statements
Mercantile Bank's Working Capital $ 499 Millions Visit MBWM's Balance sheet
Mercantile Bank's Revenues $ 55 Millions Visit MBWM's Income Statement
Where are MBWM's Sales coming from? Visit MBWM's Sales by Geography




Companies with similar Average Working Capital Per Revenue for 12 months ending Sep 30 2023, within Financial Sector Working Capital Per Revenue
Swk Holdings Corporation  4.71 
Robinhood Markets Inc   3.67 
Hennessy Advisors Inc  2.72 
U S Global Investors Inc  2.46 
Forge Global Holdings Inc   2.43 
Aib Acquisition Corporation  2.40 
Coinbase Global Inc   2.03 
Riot Platforms Inc   1.36 
Value Line Inc  1.08 
Dave Inc   1.05 
Hg Holdings Inc   1.04 
Ehealth Inc   0.87 
Siebert Financial Corp  0.65 
The Marygold Companies Inc   0.65 
Intercontinental Exchange Inc   0.63 
Evercore Inc   0.62 
Sei Investments Company  0.61 
Lm Funding America Inc   0.57 
Startengine Crowdfunding inc   0.53 
Date modified: 2023-11-04T18:19:46+00:00



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