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Bank Of America Corporation  (BAC)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 

Bank Of America Accounts Receivables Turnover Ratio from the first quarter 2024 to the first quarter 2023

Quarterly Results, Trends, Rankings, Statistics


Bank Of America Corporation's ability to collect accounts receivable sequentially worsen to 1.24, pointing to a challenging and on top of that deteriorating business climate for the Commercial Banks industry. Bank Of America's Average receivable collection period in the Mar 31 2024 quarter, has increased to 294 days, from 287 days, in the Dec 31 2023 quarter.

If we take a look into Financial sector 412 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Mar 31 2024 from 2548 to 2660.

What is Receivable Turnover Ratio?
What is Bank Of America Corporation Selling?


What is Receivable Turnover Ratio?




BAC Receivables Turnover Ratio (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Receivable Change 7.76 % 21.23 % -92.71 % -92.74 % -91.86 %
Y / Y Revenue Change -1.68 % -10.49 % 2.71 % 11.06 % 13.04 %
Receivable Turnover Ratio (TTM) 1.24 1.27 1.37 0.32 0.18
BAC's Total Ranking # 2660 # 2548 # 2660 # 2811 # 2610
Average receivable collection period 294 287 267 1127 2036
Seq. Receivable Change 5.16 % 10.13 % 0.47 % -7.39 % 18.3 %
Seq. Revenue Change 17.57 % -12.75 % -0.12 % -4.04 % 7.04 %


Receivable Turnover Company Ranking
Within: No.
Commercial Banks Industry # 37
Financial Sector # 413
Overall Market # 2660

Receivable Turnover Ratio Statistics
High Average Low
12.4 3.04 0.09
(June 30, 2008)   (Sep 30 2022)






Financial Statements
Bank Of America's Accounts Receivable $ 86,106 Millions Visit BAC's Balance sheet
Bank Of America's Sales TTM $ 98,141 Millions Visit BAC's Income Statement
Where are BAC's Sales coming from? Visit BAC'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
BAC'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 BAC's Competitors
Receivables Turnover Ratio for BAC's Suppliers
Accounts Receivables Turnover Ratio for BAC's Customers

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



Companies with similar Receivables Turnover Ratio for the quarter ending Mar 31 2024, within Financial Sector Receivable Turnover Ratio Revenues for 12 Months ending Mar 31 2024 Receivable at quarter ending Mar 31 2024
Marsh and Mclennan Companies Inc   3.13 $ 23,386.000  Millions$ 7,464.500  Millions
Bridgewater Bancshares inc   3.07 $ 110.300  Millions$ 35.879  Millions
First Financial Northwest Inc   3.07 $ 41.765  Millions$ 13.625  Millions
Provident Financial Services Inc   3.05 $ 441.195  Millions$ 144.694  Millions
Unity Bancorp inc   2.99 $ 99.668  Millions$ 33.337  Millions
Baycom Corp  2.99 $ 101.140  Millions$ 33.854  Millions
Kbs Real Estate Investment Trust Iii Inc   2.96 $ 290.716  Millions$ 98.194  Millions
Lemonade Inc   2.94 $ 453.700  Millions$ 154.375  Millions
Provident Financial Holdings inc   2.92 $ 39.422  Millions$ 13.502  Millions
First Interstate Bancsystem Inc   2.88 $ 990.400  Millions$ 344.450  Millions
Umh Properties Inc   2.84 $ 225.998  Millions$ 79.480  Millions
Granite Point Mortgage Trust Inc   2.83 $ 35.319  Millions$ 12.477  Millions
Metlife Inc   2.80 $ 67,574.000  Millions$ 24,122.250  Millions
Wafd Inc   2.79 $ 647.395  Millions$ 231.973  Millions
Dynex Capital Inc   2.78 $ 75.848  Millions$ 27.262  Millions
Customers Bancorp Inc   2.78 $ 670.294  Millions$ 241.125  Millions
If Bancorp Inc   2.78 $ 22.405  Millions$ 8.060  Millions
First Busey Corporation  2.78 $ 505.098  Millions$ 181.996  Millions
Richmond Mutual Bancorporation Inc   2.77 $ 42.314  Millions$ 15.258  Millions
Metropolitan Bank Holding Corp   2.77 $ 239.779  Millions$ 86.578  Millions
First Savings Financial Group inc   2.76 $ 75.837  Millions$ 27.509  Millions
Oceanfirst Financial Corp  2.71 $ 385.734  Millions$ 142.396  Millions
Chubb Limited  2.67 $ 51,572.000  Millions$ 19,302.250  Millions
International Bancshares Corporation  2.63 $ 794.778  Millions$ 302.309  Millions
Mercury General Corporation  2.50 $ 4,797.137  Millions$ 1,920.190  Millions
Associated Banc corp  2.48 $ 1,000.464  Millions$ 402.610  Millions
Bank First Corp  2.45 $ 149.096  Millions$ 60.795  Millions
Icc Holdings Inc   2.42 $ 86.404  Millions$ 35.655  Millions
Bok Financial Corp  2.34 $ 1,949.189  Millions$ 834.741  Millions
Rigetti Computing Inc   2.26 $ 11.507  Millions$ 5.090  Millions

Date modified: 2024-05-01T13:54:51+00:00



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