Accounts Receivable turnover ratio remained unchanged during the first quarter 2024, compared to the previous quarter at 0.05 indicating more challenging environment then in the fourth quarter 2023, but still, it is a far cry from any concerns. Average collection period, for Summit Financial Group Inc 's accounts receivable remained unchanged at 7300 days, in the Mar 31 2024 quarter.

If we take a look into Financial sector 559 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 3583, from overall ranking in the fourth quarter 2023 at 3645.

What is Receivable Turnover Ratio?
What is Summit Financial Group Inc Selling?

What is Receivable Turnover Ratio?

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SMMF 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	19.24 %	22801.31 %	26721.37 %	29634.44 %	27654.48 %
Y / Y Revenue Change	21.38 %	19.56 %	20.77 %	14.98 %	15.32 %
Receivable Turnover Ratio (TTM)	0.05	0.05	0.06	0.09	0.19
SMMF's Total Ranking	# 3583	# 3645	# 3501	# 3111	# 3479
Accounts Receivable average collection period days	7558	7596	5859	4011	1949
Seq. Receivable Change	0.39 %	2.3 %	1.28 %	14.64 %	19180.85 %
Seq. Revenue Change	-0.21 %	-0.42 %	20.01 %	1.78 %	-1.71 %

Receivable Turnover Company Ranking
Within:	No.
Regional Banks Industry	# 81
Financial Sector	# 560
Overall Market	# 3583

Receivable Turnover Ratio Statistics
High	Average	Low
0.04	0.04	0.04
(Jun 30 2019)		(March 31, 2014)

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

Financial Statements
Summit Financial Group Inc 's Accounts Receivable	$ 3,648 Millions	Visit SMMF's Balance sheet
Summit Financial Group Inc 's Sales TTM	$ 173 Millions	Visit SMMF's Income Statement
Sources of SMMF's Revenues		Visit SMMF'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
SMMF'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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SMMF's Valuation Ratios	SMMF's Roe	SMMF's Financial Strength Ratios	SMMF'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
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
Plumas Bancorp	0.08	$ 76.968 Millions	$ 947.033 Millions
Ames National Corporation	0.08	$ 52.317 Millions	$ 647.358 Millions
Oak Valley Bancorp	0.08	$ 78.565 Millions	$ 982.880 Millions
Crossfirst Bankshares inc	0.08	$ 233.323 Millions	$ 2,919.589 Millions
Macatawa Bank Corp	0.08	$ 103.581 Millions	$ 1,303.828 Millions
Waterstone Financial Inc	0.08	$ 131.173 Millions	$ 1,653.465 Millions
Security Federal Corp	0.08	$ 47.916 Millions	$ 614.107 Millions
Nbt Bancorp Inc	0.08	$ 519.752 Millions	$ 6,921.342 Millions
South Plains Financial Inc	0.07	$ 216.314 Millions	$ 2,957.209 Millions
Optimumbank Holdings Inc	0.07	$ 26.083 Millions	$ 357.054 Millions
Southern First Bancshares Inc	0.07	$ 65.599 Millions	$ 899.567 Millions
Mercantile Bank Corporation	0.07	$ 219.767 Millions	$ 3,117.456 Millions

Date modified: 2026-08-29T17:28:58+00:00

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