Midwest Holding Inc 's ability to collect accounts receivable sequentially worsen to 1.32, indicating more challenging environment then in the second quarter 2023, but still, it is a far cry from any concerns. Midwest Holding Inc 's Accounts Receivable average collection period in the Sep 30 2023 quarter, has increased to 277 days, from 223 days, in the Jun 30 2023 quarter.

If we take a look into Financial sector 815 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2023 from 4096 to 4116.

What is Receivable Turnover Ratio?
What is Midwest Holding Inc Selling?

What is Receivable Turnover Ratio?

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MDWT 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	199.14 %	76.08 %	83.58 %	-13.01 %	-51.66 %
Y / Y Revenue Change	-13.58 %	-	1388.66 %	-46.35 %	229.22 %
Receivable Turnover Ratio (TTM)	1.32	1.64	1.32	0.75	0.9
MDWT's Total Ranking	# 4116	# 4096	#	#	#
Accounts Receivable average collection period days	277	223	277	487	407
Seq. Receivable Change	-3.58 %	-13.58 %	90.65 %	88.3 %	-43.24 %
Seq. Revenue Change	-43.51 %	-24.41 %	347.69 %	-54.79 %	-

Receivable Turnover Company Ranking
Within:	No.
Life Insurance Industry	# 17
Financial Sector	# 816
Overall Market	# 4116

Receivable Turnover Ratio Statistics
High	Average	Low
0.15	0.05	-0.02
(Mar 31 2020)		(Mar 31 2021)

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

Financial Statements
Midwest Holding Inc 's Accounts Receivable	$ 73 Millions	Visit MDWT's Balance sheet
Midwest Holding Inc 's Sales TTM	$ 93 Millions	Visit MDWT's Income Statement
Sources of MDWT's Revenues		Visit MDWT's Sales by Geography

Other Accounts Receivable Turnover Ratios
Life Insurance Industry Accounts Receivable Turnover Trends and Statistics
Financial Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
MDWT's Receivable Turnover Ratio versus Life Insurance Industry, Financial Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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MDWT's Profitability Ratios	MDWT's Roi	MDWT's Asset Turnover Ratio	MDWT's Dividend Growth
MDWT's Valuation Ratios	MDWT's Roe	MDWT's Financial Strength Ratios	MDWT'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
Strategy Inc	3.48	$ 503.670 Millions	$ 144.752 Millions
Sei Investments Company	3.46	$ 1,891.525 Millions	$ 546.378 Millions
Hanover Insurance Group Inc	3.46	$ 5,943.400 Millions	$ 1,716.825 Millions
Metlife Inc	3.45	$ 63,485.000 Millions	$ 18,421.250 Millions
Pjt Partners Inc	3.41	$ 1,104.581 Millions	$ 323.623 Millions
Provident Financial Services Inc	3.35	$ 466.060 Millions	$ 139.296 Millions
Meten Holding Group Ltd	3.33	$ 19.960 Millions	$ 5.991 Millions
Sterling Bancorp inc	3.31	$ 75.545 Millions	$ 22.822 Millions
Bridgewater Bancshares inc	3.31	$ 118.000 Millions	$ 35.678 Millions
The Hartford Insurance Group Inc	3.30	$ 23,707.000 Millions	$ 7,175.750 Millions
First Financial Northwest Inc	3.27	$ 46.318 Millions	$ 14.150 Millions
Wafd Inc	3.26	$ 700.935 Millions	$ 215.291 Millions
Old National Bancorp	3.22	$ 1,854.130 Millions	$ 575.155 Millions
Provident Financial Holdings inc	3.20	$ 40.133 Millions	$ 12.526 Millions
Utg Inc	3.19	$ 44.797 Millions	$ 14.035 Millions
Raymond James Financial Inc	3.19	$ 12,992.000 Millions	$ 4,072.000 Millions
W R Berkley Corp	3.16	$ 11,935.359 Millions	$ 3,771.083 Millions
Kbs Real Estate Investment Trust Iii Inc	3.14	$ 301.326 Millions	$ 95.966 Millions
Bok Financial Corp	3.13	$ 2,055.283 Millions	$ 655.853 Millions
First Savings Financial Group Inc	3.12	$ 84.304 Millions	$ 27.013 Millions
Broadstone Net Lease Inc	3.11	$ 450.023 Millions	$ 144.666 Millions
Marsh and Mclennan Companies Inc	3.09	$ 22,225.000 Millions	$ 7,191.250 Millions
Richmond Mutual Bancorporation Inc	3.05	$ 43.450 Millions	$ 14.240 Millions
Guaranty Bancshares Inc	3.02	$ 121.564 Millions	$ 40.237 Millions
First Interstate Bancsystem Inc	3.02	$ 1,032.000 Millions	$ 341.725 Millions
Ecb Bancorp Inc	2.97	$ 35.203 Millions	$ 11.868 Millions
Umh Properties Inc	2.92	$ 212.689 Millions	$ 72.873 Millions
Unity Bancorp inc	2.91	$ 100.145 Millions	$ 34.435 Millions
Mercury General Corporation	2.86	$ 4,406.691 Millions	$ 1,539.459 Millions
First Busey Corporation	2.86	$ 517.631 Millions	$ 180.894 Millions

Date modified: 2026-08-31T04:35:16+00:00

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