Hanover Bancorp Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the second quarter 2026 to a ratio of 5.71, 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 second quarter 2026. Average receivable collection period, for the Hanover Bancorp Inc in Jun 30 2026 quarter, has decreased to 64 days, compared to 67 days, in the Mar 31 2026 quarter.

If we take a look into Financial sector 732 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Jun 30 2026 from 3040 to 3613.

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

What is Receivable Turnover Ratio?

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HNVR Receivables Turnover Ratio	(Jun 30 2026) II. Quarter	(Mar 31 2026) I. Quarter	(Dec 31 2025) IV. Quarter	(Sep 30 2025) III. Quarter	(Jun 30 2025) II. Quarter
Y / Y Receivable Change	-0.16 %	-4.21 %	-0.58 %	-5.57 %	-6.52 %
Y / Y Revenue Change	19.18 %	4.59 %	-28.99 %	-1.03 %	24.71 %
Receivable Turnover Ratio (TTM)	5.71	5.45	5.32	5.75	5.68
HNVR's Total Ranking	# 3613	# 3040	# 2313	# 2718	# 3210
Accounts Receivable average collection period days	64	67	69	64	64
Seq. Receivable Change	1.09 %	-2.21 %	-0.37 %	1.36 %	-3 %
Seq. Revenue Change	2.64 %	48.67 %	-25.1 %	4.28 %	-9.92 %

Receivable Turnover Company Ranking
Within:	No.
Regional Banks Industry	# 163
Financial Sector	# 733
Overall Market	# 3613

Receivable Turnover Ratio Statistics
High	Average	Low
0.05	0.03	0.03
(Dec 31 2022)		(Jun 30 2024)

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

Financial Statements
Hanover Bancorp Inc 's Accounts Receivable	$ 12 Millions	Visit HNVR's Balance sheet
Hanover Bancorp Inc 's Sales TTM	$ 67 Millions	Visit HNVR's Income Statement
Sources of HNVR's Revenues		Visit HNVR'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
HNVR'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 Jun 30 2026, within Financial Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Jun 30 2026	Receivable at quarter ending Jun 30 2026
Perella Weinberg Partners	15.76	$ 689.247 Millions	$ 43.747 Millions
Binah Capital Group inc	15.74	$ 191.927 Millions	$ 12.196 Millions
Ameriprise Financial Inc	15.56	$ 19,839.000 Millions	$ 1,275.000 Millions
Ryman Hospitality Properties inc	15.54	$ 2,683.413 Millions	$ 172.656 Millions
Sba Communications Corporation	15.43	$ 2,870.622 Millions	$ 186.066 Millions
Investors Title Co	15.39	$ 293.057 Millions	$ 19.038 Millions
Columbia Banking System Inc	15.34	$ 2,504.572 Millions	$ 163.250 Millions
Blackstone Real Estate Income Trust, Inc.	15.20	$ 7,707.012 Millions	$ 507.022 Millions
Tompkins Financial Corp	15.06	$ 446.607 Millions	$ 29.655 Millions
Republic Bancorp Inc	15.03	$ 387.607 Millions	$ 25.781 Millions
Isabella Bank Corp	14.86	$ 83.202 Millions	$ 5.600 Millions
First National Corp	14.10	$ 91.244 Millions	$ 6.470 Millions
First Bancorp	13.84	$ 954.212 Millions	$ 68.961 Millions
Cbl and Associates Properties Inc	13.76	$ 588.147 Millions	$ 42.758 Millions
Community Financial System Inc	13.75	$ 842.765 Millions	$ 61.277 Millions
Bimini Capital Management Inc	13.59	$ 26.300 Millions	$ 1.935 Millions
Euronet Worldwide Inc	13.40	$ 4,374.600 Millions	$ 326.575 Millions
Capital Bancorp Inc	13.25	$ 238.197 Millions	$ 17.983 Millions
Catalyst Bancorp Inc	13.03	$ 11.381 Millions	$ 0.873 Millions
Invesco Currencyshares Canadian Dollar Trust	12.95	$ 0.533 Millions	$ 0.041 Millions
Berkshire Hathaway Inc	12.82	$ 384,687.000 Millions	$ 29,997.000 Millions
Coastal Financial Corporation	12.78	$ 362.018 Millions	$ 28.326 Millions
Molina Healthcare Inc	12.76	$ 44,522.000 Millions	$ 3,488.250 Millions
Essent Group Ltd	12.64	$ 1,322.992 Millions	$ 104.709 Millions
Selectis Health Inc	12.62	$ 32.528 Millions	$ 2.577 Millions
Invesco Currencyshares British Pound Sterling Trust	12.60	$ 2.130 Millions	$ 0.169 Millions
Orange County Bancorp inc	12.42	$ 132.502 Millions	$ 10.670 Millions
Red River Bancshares Inc	12.23	$ 131.744 Millions	$ 10.770 Millions
Invesco Currencyshares Euro Trust	12.18	$ 5.255 Millions	$ 0.431 Millions
First Business Financial Services Inc	12.16	$ 169.434 Millions	$ 13.935 Millions

Date modified: 2026-09-05T07:11:37+00:00

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