1 Macatawa Bank Corp Receivables Turnover Ratio (MCBC), from the first quarter 2024 to the first quarter 2023 current and historic results, rankings and more - CSIMarket

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Macatawa Bank Corp (NASDAQ: MCBC)

Sector • Financial Industry • Regional Banks

Industry • Regional Banks

Sector • Financial

Macatawa Bank Accounts Receivables Turnover Ratio from the first quarter 2024 to the first quarter 2023

Quarterly Results, Trends, Rankings, Statistics

Accounts Receivable turnover ratio remained unchanged during the first quarter 2024, compared to the previous quarter at 0.08 pointing to a challenging and on top of that deteriorating business climate for the Regional Banks industry. Average collection period, for Macatawa Bank's accounts receivable remained unchanged at 4563 days, in the Mar 31 2024 quarter.

If we take a look into Financial sector 602 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Mar 31 2024 from 2755 to 3645.

What is Receivable Turnover Ratio?
What is Macatawa Bank Corp Selling?

What is Receivable Turnover Ratio?

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MCBC 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	10.02 %	13.63 %	13.39 %	14.32 %	10.75 %
Y / Y Revenue Change	-6.47 %	-6.54 %	9.53 %	27.46 %	41.89 %
Receivable Turnover Ratio (TTM)	0.08	0.08	0.09	0.09	0.09
MCBC's Total Ranking	# 3645	# 2755	# 3530	# 1639	# 3221
Accounts Receivable average collection period days	4558	4378	4169	4132	4216
Seq. Receivable Change	0.29 %	3.66 %	1.58 %	4.18 %	3.59 %
Seq. Revenue Change	-1.31 %	-4.76 %	6.09 %	-6.21 %	-1.39 %

Receivable Turnover Company Ranking
Within:	No.
Regional Banks Industry	# 114
Financial Sector	# 603
Overall Market	# 3645

Receivable Turnover Ratio Statistics
High	Average	Low
4.93	3.24	0.07
(Dec 31 2019)		(Mar 31 2022)

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

Financial Statements
Macatawa Bank's Accounts Receivable	$ 1,325 Millions	Visit MCBC's Balance sheet
Macatawa Bank's Sales TTM	$ 104 Millions	Visit MCBC's Income Statement
Sources of MCBC's Revenues		Visit MCBC'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
MCBC'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
MCBC's Growth Rates	MCBC's Roa	MCBC's Inventory Turnover Ratio	MCBC's Dividend Comparisons
MCBC's Profitability Ratios	MCBC's Roi	MCBC's Asset Turnover Ratio	MCBC's Dividend Growth
MCBC's Valuation Ratios	MCBC's Roe	MCBC's Financial Strength Ratios	MCBC'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
Nexpoint Real Estate Finance Inc	0.09	$ 24.532 Millions	$ 260.388 Millions

Date modified: 2026-09-08T15:11:14+00:00

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