Century Bancorp Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2021 to a ratio of 0.05, above the company average. This is a clear sign of healthy business climate in the Regional Banks industry and improving liquidity at their respective customers, during the third quarter 2021. Average receivable collection period, for the Century Bancorp Inc in Sep 30 2021 quarter, has decreased to 7300 days, compared to 9125 days, in the Jun 30 2021 quarter.

If we take a look into Financial sector 809 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2021 from 3787 to 3870.

What is Receivable Turnover Ratio?
What is Century Bancorp Inc Selling?

What is Receivable Turnover Ratio?

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CNBKA 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	-2.15 %	7.19 %	19.7 %	23.36 %	25.72 %
Y / Y Revenue Change	13.57 %	21.09 %	17.18 %	11.67 %	9.36 %
Receivable Turnover Ratio (TTM)	0.05	0.04	0.04	0.04	0.04
CNBKA's Total Ranking	# 3870	# 3787	# 3854	# 3854	# 3854
Accounts Receivable average collection period days	8084	8385	8636	8612	8420
Seq. Receivable Change	-2.44 %	0.18 %	-0.08 %	0.19 %	6.87 %
Seq. Revenue Change	1.92 %	2.33 %	1.25 %	7.55 %	8.67 %

Receivable Turnover Company Ranking
Within:	No.
Regional Banks Industry	# 208
Financial Sector	# 810
Overall Market	# 3870

Receivable Turnover Ratio Statistics
High	Average	Low
0.02	0.02	0.02
(Mar 31 2014)		(Jun 30 2021)

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

Financial Statements
Century Bancorp Inc 's Accounts Receivable	$ 2,939 Millions	Visit CNBKA's Balance sheet
Century Bancorp Inc 's Sales TTM	$ 135 Millions	Visit CNBKA's Income Statement
Sources of CNBKA's Revenues		Visit CNBKA's Sales by Geography

Other Accounts Receivable Turnover Ratios
Regional Banks Industry Accounts Receivable Turnover Trends and Statistics
Financial Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
CNBKA's Receivable Turnover Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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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
Pacific Premier Bancorp Inc	0.13	$ 818.327 Millions	$ 6,487.391 Millions
Capital Bancorp Inc	0.13	$ 168.048 Millions	$ 1,342.415 Millions
Midwestone Financial Group Inc	0.12	$ 209.348 Millions	$ 1,683.559 Millions
Ohio Valley Banc Corp	0.12	$ 52.082 Millions	$ 421.691 Millions
Brightspire Capital Inc	0.12	$ 154.225 Millions	$ 1,251.018 Millions
Home Federal Bancorp Inc Of Louisiana	0.12	$ 20.840 Millions	$ 169.624 Millions
Old National Bancorp	0.12	$ 859.983 Millions	$ 7,075.892 Millions
Investors Bancorp Inc	0.12	$ 651.962 Millions	$ 5,381.709 Millions
Orrstown Financial Services Inc	0.12	$ 116.855 Millions	$ 965.950 Millions
Wsfs Financial Corporation	0.12	$ 733.414 Millions	$ 6,119.717 Millions
Lightstone Value Plus Reit I Inc	0.12	$ 10.082 Millions	$ 85.401 Millions
Flagstar Bancorp Inc.	0.12	$ 2,030.000 Millions	$ 17,305.000 Millions
First Horizon Corp	0.12	$ 3,360.541 Millions	$ 28,738.750 Millions
Svb Financial Group	0.12	$ 4,642.075 Millions	$ 39,809.912 Millions
Level One Bancorp inc	0.12	$ 102.995 Millions	$ 885.088 Millions
Greene County Bancorp Inc	0.11	$ 62.527 Millions	$ 551.149 Millions
Cit Group Inc	0.11	$ 2,769.000 Millions	$ 24,886.575 Millions
Arrow Financial Corporation	0.11	$ 142.540 Millions	$ 1,295.887 Millions
Great Western Bancorp Inc	0.11	$ 503.025 Millions	$ 4,591.567 Millions
Slm Corp	0.11	$ 2,208.593 Millions	$ 20,237.025 Millions
Catalyst Bancorp Inc	0.11	$ 3.689 Millions	$ 33.868 Millions
Citigroup inc	0.11	$ 70,787.000 Millions	$ 649,980.500 Millions
Wintrust Financial Corp	0.11	$ 1,766.474 Millions	$ 16,239.779 Millions
1st Constitution Bancorp	0.11	$ 73.002 Millions	$ 676.174 Millions
First Bancorp Inc	0.11	$ 80.287 Millions	$ 745.013 Millions
Northwest Bancshares inc	0.11	$ 557.668 Millions	$ 5,206.627 Millions
First Financial Corporation	0.11	$ 191.118 Millions	$ 1,790.152 Millions
Smartfinancial Inc	0.11	$ 130.954 Millions	$ 1,245.954 Millions
Independent Bank Corporation	0.10	$ 212.687 Millions	$ 2,104.247 Millions
Parke Bancorp Inc	0.10	$ 75.189 Millions	$ 752.488 Millions

Date modified: 2023-03-25T14:59:27+00:00

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