Cit Group Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2021 to a ratio of 0.11, this is below the company average, and notable indication of worsening business environment. Average receivable collection period, for the Cit Group Inc in Sep 30 2021 quarter, has decreased to 3318 days, compared to 3650 days, in the Jun 30 2021 quarter.

If we take a look into Financial sector 690 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 3991, from overall ranking in the second quarter 2021 at 4026.

What is Receivable Turnover Ratio?
What is Cit Group Inc Selling?

What is Receivable Turnover Ratio?

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CIT Receivables Turnover Ratio	(Sep 30 2021) III. Quarter	(Jun 30 2021) II. Quarter	(Mar 31 2021) I. Quarter	(Dec 31 2020) IV. Quarter	(Sep 30 2020) III. Quarter
Y / Y Receivable Change	-9.53 %	-9.51 %	-9.1 %	-	-
Y / Y Revenue Change	17.17 %	111.96 %	608.48 %	14.52 %	-0.7 %
Receivable Turnover Ratio (TTM)	0.11	0.1	0.09	0.06	0.06
CIT's Total Ranking	# 3991	# 4026	# 3993	# 4368	# 3998
Accounts Receivable average collection period days	3280	3512	4200	6200	6525
Seq. Receivable Change	-0.58 %	-3.39 %	-	-	-0.56 %
Seq. Revenue Change	-7.65 %	-15.19 %	27.38 %	17.44 %	67.07 %

Receivable Turnover Company Ranking
Within:	No.
Commercial Banks Industry	# 53
Financial Sector	# 691
Overall Market	# 3991

Receivable Turnover Ratio Statistics
High	Average	Low
22.85	2.8	0.06
(Mar 31 2018)		(Sep 30 2020)

CIT Company Profile • Back to CIT Efficiency Comparisons • Compare CIT Receivables Turnover Ratio to its Competitors

Financial Statements
Cit Group Inc 's Accounts Receivable	$ 32,671 Millions	Visit CIT's Balance sheet
Cit Group Inc 's Sales TTM	$ 2,769 Millions	Visit CIT's Income Statement
Sources of CIT's Revenues		Visit CIT'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
CIT's Receivable Turnover Ratio versus Commercial Banks Industry, Financial Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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CIT's Valuation Ratios	CIT's Roe	CIT's Financial Strength Ratios	CIT's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2021, within Financial Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2021	Receivable at quarter ending Sep 30 2021
Terra Property Trust Inc	0.22	$ 47.308 Millions	$ 210.436 Millions
Onemain Holdings Inc	0.22	$ 3,433.000 Millions	$ 15,323.500 Millions
Op Bancorp	0.22	$ 67.776 Millions	$ 307.059 Millions
Pcb Bancorp	0.22	$ 93.561 Millions	$ 429.005 Millions
Schwab Charles Corp	0.20	$ 17,988.000 Millions	$ 89,295.750 Millions
First Merchants Corp	0.19	$ 499.423 Millions	$ 2,568.081 Millions
Tompkins Financial Corp	0.19	$ 249.208 Millions	$ 1,337.914 Millions
Transcontinental Realty Investors Inc	0.18	$ 51.336 Millions	$ 279.756 Millions
Westamerica Bancorporation	0.18	$ 217.893 Millions	$ 1,195.587 Millions
Fb Financial Corporation	0.18	$ 631.677 Millions	$ 3,501.359 Millions
Mvb Financial Corp	0.18	$ 138.300 Millions	$ 774.018 Millions
Starwood Property Trust inc	0.18	$ 1,170.945 Millions	$ 6,563.516 Millions
S and t Bancorp Inc	0.18	$ 315.368 Millions	$ 1,768.599 Millions
Peoples United Financial Inc	0.18	$ 1,939.100 Millions	$ 10,908.800 Millions
Colony Bankcorp inc	0.18	$ 93.477 Millions	$ 530.034 Millions
Associated Banc corp	0.18	$ 1,105.679 Millions	$ 6,293.247 Millions
Jpmorgan Chase and Co	0.18	$ 131,414.000 Millions	$ 748,571.250 Millions
Professional Holding Corp	0.17	$ 74.517 Millions	$ 431.229 Millions
Connectone Bancorp Inc	0.17	$ 269.678 Millions	$ 1,582.942 Millions
Evans Bancorp Inc	0.17	$ 68.929 Millions	$ 406.871 Millions
Columbia Financial Inc	0.17	$ 268.310 Millions	$ 1,601.106 Millions
Ffbw Inc	0.16	$ 10.483 Millions	$ 65.013 Millions
Oceanfirst Financial Corp	0.16	$ 326.785 Millions	$ 2,031.456 Millions
Fifth Third Bancorp	0.15	$ 8,212.000 Millions	$ 53,244.000 Millions
Manhattan Bridge Capital Inc	0.15	$ 6.838 Millions	$ 44.506 Millions
Ameris Bancorp	0.15	$ 1,087.498 Millions	$ 7,175.685 Millions
Ha Sustainable Infrastructure Capital Inc	0.15	$ 208.360 Millions	$ 1,392.870 Millions
German American Bancorp Inc	0.15	$ 227.925 Millions	$ 1,541.407 Millions
Dynex Capital Inc	0.15	$ 7.810 Millions	$ 53.759 Millions
Zions Bancorporation National Association	0.15	$ 3,832.000 Millions	$ 26,381.250 Millions

Date modified: 2026-09-08T15:10:24+00:00

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