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Mercantile Bank Corporation  (MBWM)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

Mercantile Bank Accounts Receivables Turnover Ratio from the third quarter 2023 to the third quarter 2022

Quarterly Results, Trends, Rankings, Statistics


Mercantile Bank Corporation's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2023 to a ratio of 0.06, 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 2023. Average receivable collection period, for the Mercantile Bank in Sep 30 2023 quarter, has decreased to 6083 days, compared to 7300 days, in the Jun 30 2023 quarter.

If we take a look into Financial sector 455 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 2977, from overall ranking in the second quarter 2023 at 3781.

What is Receivable Turnover Ratio?
What is Mercantile Bank Corporation Selling?


What is Receivable Turnover Ratio?




MBWM Receivables Turnover Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Receivable Change 5.58 % 8.66 % 11.42 % - -
Y / Y Revenue Change 17.5 % 27.98 % 36.63 % 14.1 % 4.32 %
Receivable Turnover Ratio (TTM) 0.06 0.05 0.05 0.05 0.06
MBWM's Total Ranking # 2977 # 3781 # 2391 # 3479 # 2990
Average receivable collection period 6631 6796 7048 7411 5699
Seq. Receivable Change 1.23 % 2.15 % 1.25 % 0.85 % 4.18 %
Seq. Revenue Change 3.22 % -2.81 % -1.22 % 18.58 % 12.42 %


Receivable Turnover Company Ranking
Within: No.
Regional Banks Industry # 36
Financial Sector # 456
Overall Market # 2977

Receivable Turnover Ratio Statistics
High Average Low
0.04 0.04 0.03
(Dec 31 2013)   (Jun 30 2022)






Financial Statements
Mercantile Bank's Accounts Receivable $ 4,056 Millions Visit MBWM's Balance sheet
Mercantile Bank's Sales TTM $ 218 Millions Visit MBWM's Income Statement
Where are MBWM's Sales coming from? Visit MBWM'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
MBWM's Receivable Turnover Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for MBWM's Competitors
Receivables Turnover Ratio for MBWM's Suppliers
Accounts Receivables Turnover Ratio for MBWM's Customers

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



Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2023, within Financial Sector Receivable Turnover Ratio Revenues for 12 Months ending Sep 30 2023 Receivable at quarter ending Sep 30 2023
First Guaranty Bancshares Inc   0.15 $ 95.219  Millions$ 643.728  Millions
Penns Woods Bancorp inc   0.15 $ 63.961  Millions$ 435.251  Millions
Maiden Holdings Ltd   0.14 $ 73.737  Millions$ 510.530  Millions
Community Bank System Inc   0.14 $ 641.191  Millions$ 4,440.132  Millions
Bank Of The James Financial Group Inc   0.14 $ 43.332  Millions$ 308.521  Millions
Synchrony Financial  0.14 $ 11,525.000  Millions$ 84,312.250  Millions
Heritage Commerce Corp  0.12 $ 201.522  Millions$ 1,616.420  Millions
Hilltop Holdings Inc   0.12 $ 1,178.077  Millions$ 9,490.900  Millions
Patriot National Bancorp Inc  0.12 $ 26.350  Millions$ 215.425  Millions
Oak Valley Bancorp  0.12 $ 85.008  Millions$ 704.019  Millions
Hannon Armstrong Sustainableinfrastructure Capital  0.12 $ 291.594  Millions$ 2,459.494  Millions
Starwood Property Trust Inc   0.12 $ 2,070.482  Millions$ 17,950.304  Millions
Nexpoint Real Estate Finance Inc   0.11 $ 35.113  Millions$ 310.403  Millions
National Bank Holdings Corp  0.11 $ 403.913  Millions$ 3,596.468  Millions
Waterstone Financial Inc   0.11 $ 175.477  Millions$ 1,586.297  Millions
Renasant Corp  0.11 $ 630.561  Millions$ 5,739.337  Millions
South State Corp  0.11 $ 1,627.859  Millions$ 15,036.729  Millions
Qcr Holdings inc   0.11 $ 326.305  Millions$ 3,038.654  Millions
Nelnet Inc  0.11 $ 1,572.131  Millions$ 14,661.237  Millions
Bogota Financial Corp   0.10 $ 19.164  Millions$ 183.554  Millions
First Ban corp   0.10 $ 876.846  Millions$ 8,541.901  Millions
Great Southern Bancorp inc   0.10 $ 235.646  Millions$ 2,303.556  Millions
Tpg Re Finance Trust Inc   0.10 $ 117.822  Millions$ 1,195.529  Millions
City Holding Company  0.10 $ 287.506  Millions$ 2,943.499  Millions
Acnb Corporation  0.10 $ 113.473  Millions$ 1,165.878  Millions
Discover Financial Services  0.10 $ 10,415.000  Millions$ 108,395.500  Millions
Citizens Holding Co  0.10 $ 41.285  Millions$ 434.033  Millions
Manhattan Bridge Capital Inc   0.09 $ 5.528  Millions$ 58.966  Millions
Park National Corporation  0.09 $ 494.367  Millions$ 5,357.165  Millions
Nsts Bancorp Inc   0.09 $ 7.096  Millions$ 79.543  Millions

Date modified: 2023-11-04T18:19:46+00:00



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