Accounts Receivable turnover ratio remained unchanged during the first quarter 2024, compared to the previous quarter at 0.04 indicating more challenging environment then in the fourth quarter 2023, but still, it is a far cry from any concerns. Average collection period, for Tc Bancshares Inc 's accounts receivable remained unchanged at 9125 days, in the Mar 31 2024 quarter.

If we take a look into Financial sector 694 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Mar 31 2024 from 3598 to 4027.

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

What is Receivable Turnover Ratio?

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TCBC 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	12.8 %	5735.46 %	5483.92 %	5697.03 %	5753.67 %
Y / Y Revenue Change	-8.98 %	-15.66 %	-13.15 %	-0.2 %	5.45 %
Receivable Turnover Ratio (TTM)	0.04	0.04	0.06	0.09	0.18
TCBC's Total Ranking	# 4027	# 3598	# 3670	# 2689	# 3769
Accounts Receivable average collection period days	9025	8548	6050	3875	1997
Seq. Receivable Change	1.2 %	5.22 %	4.95 %	0.93 %	5135.31 %
Seq. Revenue Change	4.33 %	-4.67 %	-6.9 %	-1.7 %	-3.34 %

Receivable Turnover Company Ranking
Within:	No.
S&Ls Savings Banks Industry	# 18
Financial Sector	# 695
Overall Market	# 4027

Receivable Turnover Ratio Statistics
High	Average	Low
0.04	0.03	0.01
(Dec 31 2022)		(Mar 31 2022)

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

Financial Statements
Tc Bancshares Inc 's Accounts Receivable	$ 377 Millions	Visit TCBC's Balance sheet
Tc Bancshares Inc 's Sales TTM	$ 15 Millions	Visit TCBC's Income Statement
Sources of TCBC's Revenues		Visit TCBC's Sales by Geography

Other Accounts Receivable Turnover Ratios
S&Ls Savings Banks Industry Accounts Receivable Turnover Trends and Statistics
Financial Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
TCBC's Receivable Turnover Ratio versus S&Ls Savings Banks Industry, Financial Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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TCBC's Profitability Ratios	TCBC's Roi	TCBC's Asset Turnover Ratio	TCBC's Dividend Growth
TCBC's Valuation Ratios	TCBC's Roe	TCBC's Financial Strength Ratios	TCBC'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
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
Uscb Financial Holdings Inc	0.07	$ 62.950 Millions	$ 900.791 Millions
Business First Bancshares Inc	0.07	$ 246.965 Millions	$ 3,631.606 Millions
Keycorp	0.07	$ 5,747.000 Millions	$ 84,982.500 Millions
Acnb Corporation	0.07	$ 104.406 Millions	$ 1,601.050 Millions
Embassy Bancorp Inc	0.06	$ 39.862 Millions	$ 626.664 Millions
Farmers and Merchants Bancorp	0.06	$ 219.998 Millions	$ 3,526.164 Millions

Date modified: 2024-10-21T17:03:31+00:00

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