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

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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
California Bancorp	0.20	$ 77.695 Millions	$ 389.883 Millions
Equitable Financial Life Insurance Company	0.19	$ 3,946.000 Millions	$ 21,057.750 Millions
Provident Bancorp Inc	0.18	$ 120.549 Millions	$ 671.725 Millions
Manhattan Bridge Capital Inc	0.17	$ 9.972 Millions	$ 58.840 Millions
Citizens Community Bancorp Inc	0.17	$ 60.166 Millions	$ 362.669 Millions
Swk Holdings Corporation	0.16	$ 40.128 Millions	$ 250.554 Millions
Nelnet Inc	0.16	$ 2,142.554 Millions	$ 13,440.514 Millions
Brighthouse Financial Inc	0.15	$ 2,907.000 Millions	$ 19,571.000 Millions
Onemain Holdings Inc	0.14	$ 2,557.000 Millions	$ 17,795.250 Millions
Peoples Financial Corporation	0.14	$ 33.334 Millions	$ 233.753 Millions
Synchrony Financial	0.14	$ 12,175.000 Millions	$ 88,984.750 Millions
Us Bancorp De	0.13	$ 25,156.000 Millions	$ 188,665.500 Millions
Hilltop Holdings Inc	0.12	$ 1,183.670 Millions	$ 9,561.715 Millions
Starwood Property Trust inc	0.12	$ 2,082.582 Millions	$ 17,282.116 Millions
Ha Sustainable Infrastructure Capital Inc	0.12	$ 356.586 Millions	$ 2,987.874 Millions
Landmark Bancorp Inc	0.12	$ 55.627 Millions	$ 472.558 Millions
Fs Bancorp Inc	0.11	$ 139.304 Millions	$ 1,214.576 Millions
Old Point Financial Corp	0.11	$ 58.295 Millions	$ 531.000 Millions
Sb Financial Group Inc	0.10	$ 54.621 Millions	$ 523.060 Millions
Evans Bancorp Inc	0.10	$ 87.928 Millions	$ 853.752 Millions
City Holding Company	0.10	$ 289.959 Millions	$ 2,993.378 Millions
First Northern Community Bancorp	0.10	$ 74.470 Millions	$ 783.408 Millions
Nexpoint Real Estate Finance Inc	0.09	$ 24.532 Millions	$ 270.591 Millions
Capital one financial corp	0.09	$ 26,972.000 Millions	$ 300,363.000 Millions
Prime Meridian Holding Co	0.09	$ 29.415 Millions	$ 331.205 Millions
Qnb Corp	0.09	$ 44.485 Millions	$ 521.393 Millions
Park National Corporation	0.09	$ 466.084 Millions	$ 5,466.301 Millions
Discover Financial Services	0.09	$ 9,788.000 Millions	$ 115,069.000 Millions
Horizon Bancorp Inc	0.08	$ 183.080 Millions	$ 2,188.888 Millions
Agnc Investment Corp	0.08	$ 847.000 Millions	$ 10,349.000 Millions

Date modified: 2026-07-06T16:35:24+00:00

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