1 Lakeland Bancorp Inc Receivables Turnover Ratio (LBAI), from the first quarter 2024 to the first quarter 2023 current and historic results, rankings and more - CSIMarket

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Lakeland Bancorp Inc (NASDAQ: LBAI)

Sector • Financial Industry • Regional Banks

Industry • Regional Banks

Sector • Financial

Lakeland Bancorp Inc Accounts Receivables Turnover Ratio from the first quarter 2024 to the first quarter 2023

Quarterly Results, Trends, Rankings, Statistics

Lakeland Bancorp Inc's ability to collect accounts receivable sequentially worsen to 7.92, indicating more challenging environment then in the fourth quarter 2023, but still, it is a far cry from any concerns. Lakeland Bancorp Inc's Accounts Receivable average collection period in the Mar 31 2024 quarter, has increased to 46 days, from 44 days, in the Dec 31 2023 quarter.

If we take a look into Financial sector 773 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Mar 31 2024 from 3223 to 4113.

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

What is Receivable Turnover Ratio?

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LBAI 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	10.95 %	-62.82 %	23.93 %	29.97 %	36.89 %
Y / Y Revenue Change	-5.32 %	-23.28 %	-15.2 %	-8.91 %	4.8 %
Receivable Turnover Ratio (TTM)	7.92	8.24	6.12	6.6	7.03
LBAI's Total Ranking	# 4113	# 3223	# 2079	# 3704	# 3127
Accounts Receivable average collection period days	46	44	60	55	52
Seq. Receivable Change	1.23 %	2.45 %	6.95 %	0.04 %	-66.08 %
Seq. Revenue Change	0.29 %	-3.99 %	-4.2 %	2.65 %	-18.73 %

Receivable Turnover Company Ranking
Within:	No.
Regional Banks Industry	# 173
Financial Sector	# 774
Overall Market	# 4113

Receivable Turnover Ratio Statistics
High	Average	Low
0.04	0.03	0.03
(Jun 30 2014)		(Mar 31 2024)

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

Financial Statements
Lakeland Bancorp Inc's Accounts Receivable	$ 38 Millions	Visit LBAI's Balance sheet
Lakeland Bancorp Inc's Sales TTM	$ 290 Millions	Visit LBAI's Income Statement
Sources of LBAI's Revenues		Visit LBAI'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
LBAI's Receivable Turnover Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

You may also want to know
LBAI's Growth Rates	LBAI's Roa	LBAI's Inventory Turnover Ratio	LBAI's Dividend Comparisons
LBAI's Profitability Ratios	LBAI's Roi	LBAI's Asset Turnover Ratio	LBAI's Dividend Growth
LBAI's Valuation Ratios	LBAI's Roe	LBAI's Financial Strength Ratios	LBAI'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
Empire State Realty Op L p	20.09	$ 756.129 Millions	$ 37.631 Millions
Empire State Realty Trust Inc	20.09	$ 756.129 Millions	$ 37.631 Millions
Braemar Hotels and Resorts Inc	19.96	$ 743.455 Millions	$ 37.251 Millions
Ryman Hospitality Properties inc	19.12	$ 2,194.762 Millions	$ 114.799 Millions
Nexpoint Residential Trust Inc	19.05	$ 275.876 Millions	$ 14.481 Millions
Chiron Real Estate Inc	19.03	$ 139.937 Millions	$ 7.353 Millions
Green Dot Corp	18.82	$ 1,536.936 Millions	$ 81.644 Millions
Lesaka Technologies Inc	18.42	$ 552.773 Millions	$ 30.006 Millions
Weyerhaeuser Company	18.24	$ 7,589.000 Millions	$ 416.000 Millions
Defi Development Corp	17.95	$ 1.947 Millions	$ 0.108 Millions
Riot Platforms Inc	17.71	$ 286.738 Millions	$ 16.189 Millions
Unitedhealth Group Incorporated	17.43	$ 379,487.000 Millions	$ 21,774.500 Millions
Selectis Health Inc	17.21	$ 36.670 Millions	$ 2.130 Millions
Sba Communications Corporation	17.16	$ 2,693.930 Millions	$ 156.979 Millions
Robinhood Markets Inc	17.16	$ 2,042.000 Millions	$ 119.000 Millions
Value Line Inc	17.12	$ 40.251 Millions	$ 2.351 Millions
Reliance Global Group Inc	16.83	$ 13.875 Millions	$ 0.825 Millions
Alignment Healthcare Inc	16.80	$ 2,013.076 Millions	$ 119.817 Millions
Binah Capital Group inc	16.44	$ 41.449 Millions	$ 2.522 Millions
Forge Global Holdings Inc	16.19	$ 73.584 Millions	$ 4.544 Millions
Bimini Capital Management Inc	16.17	$ 18.246 Millions	$ 1.128 Millions
Usio Inc	16.10	$ 83.926 Millions	$ 5.213 Millions
Brookfield Oaktree Holdings Llc	16.04	$ 285.528 Millions	$ 17.806 Millions
First Western Financial Inc	15.68	$ 80.284 Millions	$ 5.121 Millions
American Healthcare Reit Inc	15.57	$ 2,788.994 Millions	$ 179.102 Millions
American Tower Corporation	15.29	$ 10,004.400 Millions	$ 654.400 Millions
Copt Defense Properties	15.24	$ 710.747 Millions	$ 46.652 Millions
Elme Communities	15.05	$ 231.615 Millions	$ 15.394 Millions
Stepstone Group Inc	14.78	$ 711.631 Millions	$ 48.137 Millions
Nelnet Inc	14.36	$ 2,142.554 Millions	$ 149.151 Millions

Date modified: 2026-10-07T00:41:52+00:00

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