Palmetto Bancshares Inc's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the second quarter 2015 to a ratio of 16.35, 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 second quarter 2015. Average receivable collection period, for the Palmetto Bancshares Inc in Jun 30 2015 quarter, has decreased to 22 days, compared to 23 days, in the Mar 31 2015 quarter.

If we take a look into Financial sector 253 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 1355, from overall ranking in the first quarter 2015 at 3606.

What is Receivable Turnover Ratio?
What is Palmetto Bancshares Inc Selling?

What is Receivable Turnover Ratio?

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PLMT Receivables Turnover Ratio	(Jun 30 2015) II. Quarter	(Mar 31 2015) I. Quarter	(Dec 31 2014) IV. Quarter	(Sep 30 2014) III. Quarter	(Jun 30 2014) II. Quarter
Y / Y Receivable Change	1.11 %	0.26 %	-4.19 %	-1.78 %	-4.68 %
Y / Y Revenue Change	8.74 %	-2.3 %	27.12 %	7.66 %	-3.72 %
Receivable Turnover Ratio (TTM)	16.35	16.05	16.15	15.07	14.72
PLMT's Total Ranking	# 1355	# 3606	# 1268	# 3606	# 3365
Accounts Receivable average collection period days	22	23	23	24	25
Seq. Receivable Change	-3.05 %	2.78 %	-0.76 %	2.25 %	-3.86 %
Seq. Revenue Change	11.13 %	-11.82 %	7.92 %	2.82 %	-0.15 %

Receivable Turnover Company Ranking
Within:	No.
Regional Banks Industry	# 66
Financial Sector	# 254
Overall Market	# 1355

Receivable Turnover Ratio Statistics
High	Average	Low
10.75	9.68	8.21
(Dec 31 2014)		(Dec 31 2012)

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

Financial Statements
Palmetto Bancshares Inc's Accounts Receivable	$ 3 Millions	Visit PLMT's Balance sheet
Palmetto Bancshares Inc's Sales TTM	$ 56 Millions	Visit PLMT's Income Statement
Sources of PLMT's Revenues		Visit PLMT'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
PLMT'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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Companies with similar Receivables Turnover Ratio for the quarter ending Jun 30 2015, within Financial Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Jun 30 2015	Receivable at quarter ending Jun 30 2015
New York Reit Liquidating Llc	45.42	$ 170.605 Millions	$ 3.757 Millions
Service Properties Trust	44.36	$ 1,832.750 Millions	$ 41.320 Millions
Power Reit	43.88	$ 1.970 Millions	$ 0.045 Millions
Anfield Energy Inc	43.85	$ 193.907 Millions	$ 4.422 Millions
Synovus Financial Corp	43.30	$ 937.227 Millions	$ 21.644 Millions
Strategic Hotels & Resorts, Inc	41.78	$ 2,600.874 Millions	$ 62.253 Millions
American Assets Trust Inc	41.38	$ 266.625 Millions	$ 6.443 Millions
Phillips Edison and Company Inc	41.16	$ 226.765 Millions	$ 5.509 Millions
Vereit Inc	40.98	$ 1,985.448 Millions	$ 48.450 Millions
Innsuites Hospitality Trust	40.59	$ 15.158 Millions	$ 0.373 Millions
Pennymac Financial Services inc	39.84	$ 619.015 Millions	$ 15.539 Millions
Summit Hotel Properties inc	39.24	$ 436.722 Millions	$ 11.130 Millions
Wellcare Health Plans inc	39.20	$ 13,774.700 Millions	$ 351.375 Millions
Sotherly Hotels Inc	38.44	$ 129.431 Millions	$ 3.367 Millions
Duke Realty Corporation	38.29	$ 1,061.836 Millions	$ 27.733 Millions
Condor Hospitality Trust Inc	37.90	$ 58.275 Millions	$ 1.537 Millions
Eureka Financial Corp.	36.87	$ 6.112 Millions	$ 0.166 Millions
Rlj Lodging Trust	36.52	$ 1,149.434 Millions	$ 31.472 Millions
Berkshire Hathaway Inc	36.51	$ 199,470.000 Millions	$ 5,463.000 Millions
Potlatchdeltic Corporation	36.30	$ 586.324 Millions	$ 16.153 Millions
Plum Creek Timber Co Inc	35.14	$ 1,511.000 Millions	$ 43.000 Millions
Humana Inc	34.81	$ 52,131.000 Millions	$ 1,497.750 Millions
Carter Validus Mission Critical Reit, Inc.	34.12	$ 197.418 Millions	$ 5.786 Millions
Camden Property Trust	33.47	$ 865.642 Millions	$ 25.860 Millions
Pennymac Mortgage Investment Trust	32.83	$ 267.011 Millions	$ 8.132 Millions
Cousins Properties Inc	31.86	$ 385.034 Millions	$ 12.087 Millions
Empire State Realty Op L p	31.73	$ 656.507 Millions	$ 20.693 Millions
Empire State Realty Trust Inc	31.73	$ 656.507 Millions	$ 20.693 Millions
Bimini Capital Management Inc	31.59	$ 58.316 Millions	$ 1.846 Millions
Farmers and Merchants Bancorp Inc	29.88	$ 95.872 Millions	$ 3.209 Millions

Date modified: 2026-08-29T13:40:33+00:00

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