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Provident Bancorp Inc (PVBC) |
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Provident Bancorp Inc 's Working Capital Ratio
PVBC's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth
Provident Bancorp Inc 's Current Assets grew by 6.27 % in the II Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Provident Bancorp Inc 's Working Capital Ratio to 1.26, above Provident Bancorp Inc average Working Capital Ratio.
Within Regional Banks industry 3 other companies have achieved higher Working Capital Ratio than Provident Bancorp Inc in second quarter 2023. While Working Capital Ratio total ranking has improved so far during the II Quarter 2023 to 2267, from total ranking in the first quarter 2023 at 3246.
Explain Working Capital Ratio
How much in Current Assets PVBC´s has?
What is the value of PVBC´s Current Liabilities?
Select the Comparisons :
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Select the Ratio:
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PVBC Working Capital Ratio |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
(Jun 30 2022) II. Quarter |
Y / Y Current Liabilities Change |
0.01 % |
-4.49 % |
-4.92 % |
13.03 % |
14.83 % |
Y / Y Current Assets Change |
3.78 % |
-4.92 % |
-12.25 % |
1.84 % |
12.17 % |
Working Capital Ratio MRQ |
1.26 |
1.23 |
1.11 |
1.14 |
1.21 |
PVBC's Total
Ranking |
# 2267 |
# 3246 |
# 3462 |
# 3531 |
# 3807 |
Seq. Current Liabilities Change |
4.41 % |
4.74 % |
-9.78 % |
1.36 % |
-0.29 % |
Seq. Current Assets Change |
6.27 % |
16.03 % |
-12.14 % |
-4.2 % |
-2.64 % |
Working Capital Ratio second quarter 2023 Company Ranking |
Within: |
No. |
Regional Banks Industry |
# 4 |
Financial Sector |
# 276 |
Overall Market |
# 2267 |
Working Capital Ratio Statistics |
High |
Average |
Low |
1.39 |
1.2 |
1.1 |
(Mar 31 2020) |
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(Mar 31 2016) |
Cumulative Provident Bancorp Inc 's Working Capital Ratio
PVBC's Working Capital Ratio for the trailling 12 Months
PVBC Working Capital Ratio |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
(Jun 30 2022) II. Quarter |
Y / Y Current Liabilities TTM Growth |
0.01 % |
-4.49 % |
-4.92 % |
13.03 % |
14.83 % |
Y / Y Current Assets TTM Growth |
3.78 % |
-4.92 % |
-12.25 % |
1.84 % |
12.17 % |
Working Capital Ratio TTM |
1.19 |
1.18 |
1.18 |
1.2 |
1.23 |
Total
Ranking TTM |
# 1903
| # 2623
| # 0
| # 3075
| # 4151
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Seq. Current Liabilities TTM Growth |
4.41 % |
4.74 % |
-9.78 % |
1.36 % |
-0.29 % |
Seq. Current Assets TTM Growth |
6.27 % |
16.03 % |
-12.14 % |
-4.2 % |
-2.64 % |
On the trailing twelve months basis PVBC Current Assets improved by 3.78 % in II Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Provident Bancorp Inc 's Working Capital Ratio to 1.19, Working Capital Ratio remained below PVBC average. Working Capital Ratio is the average cumulative value over the last four quarters.
Among companies operating within Regional Banks industry 3 other companies have achieved higher Working Capital Ratio than Provident Bancorp Inc . While Working Capital Ratio overall ranking has improved so far to 1903, from total ranking during the twelve months ending first quarter 2023 at 2623.
Explain Working Capital Ratio
How much in Current Assets PVBC´s has?
What is the value of PVBC´s Current Liabilities?
TTM Working Capital Ratio Company Ranking |
Within: |
No. |
Within the Regional Banks Industry |
# 4 |
Financial Sector |
# 276 |
Within the Market |
# 1903 |
trailing twelve months Working Capital Ratio Statistics |
High |
Average |
Low |
1.39 |
1.2 |
1.1 |
(Mar 31 2020) |
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(Mar 31 2016) |
Companies with similar Working Capital Ratio in the quarter ending Jun 30 2023, within Regional Banks Industry | Working Capital Ratio | Jun 30 2023 MRQ Current Assets | Jun 30 2023 MRQ Current Liabilities | Bm Technologies Inc | 2.52 | $ 29.349 Millions | $ 11.624 Millions | First Ban corp | 1.72 | $ 29,400.412 Millions | $ 17,092.756 Millions | Ecb Bancorp Inc | 1.49 | $ 1,171.220 Millions | $ 786.967 Millions | Choiceone Financial Services Inc | 1.47 | $ 3,073.370 Millions | $ 2,086.388 Millions | 1895 Bancorp Of Wisconsin Inc | 1.41 | $ 525.982 Millions | $ 371.888 Millions | Prosperity Bancshares Inc | 1.27 | $ 35,227.370 Millions | $ 27,843.780 Millions | Provident Bancorp Inc | 1.26 | $ 1,905.342 Millions | $ 1,518.086 Millions | Washington Trust Bancorp Inc | 1.24 | $ 6,577.755 Millions | $ 5,314.478 Millions | Metrocity Bankshares inc | 1.23 | $ 3,330.526 Millions | $ 2,702.341 Millions | Hills Bancorporation | 1.23 | $ 4,033.292 Millions | $ 3,290.680 Millions | Cullman Bancorp Inc | 1.22 | $ 335.476 Millions | $ 275.356 Millions | West Bancorporation Inc | 1.21 | $ 3,462.307 Millions | $ 2,867.543 Millions | Rbb Bancorp | 1.20 | $ 3,805.344 Millions | $ 3,175.416 Millions | Bogota Financial Corp | 1.19 | $ 780.927 Millions | $ 656.557 Millions | Third Coast Bancshares Inc | 1.18 | $ 4,023.912 Millions | $ 3,411.803 Millions | Business First Bancshares Inc | 1.17 | $ 5,915.470 Millions | $ 5,045.339 Millions | Cvb Financial Corp | 1.17 | $ 15,008.705 Millions | $ 12,849.894 Millions | Cambridge Bancorp | 1.16 | $ 5,169.075 Millions | $ 4,442.590 Millions | First Northwest Bancorp | 1.16 | $ 1,974.741 Millions | $ 1,697.408 Millions | First Business Financial Services Inc | 1.15 | $ 2,985.016 Millions | $ 2,589.999 Millions | Connectone Bancorp Inc | 1.15 | $ 8,672.154 Millions | $ 7,538.297 Millions | Mercantile Bank Corporation | 1.14 | $ 4,637.607 Millions | $ 4,052.874 Millions | Bar Harbor Bankshares | 1.14 | $ 3,526.502 Millions | $ 3,090.245 Millions | Western Alliance Bancorporation | 1.14 | $ 58,194.000 Millions | $ 51,041.000 Millions | Independent Bank Corp | 1.13 | $ 17,243.634 Millions | $ 15,248.051 Millions | Middlefield Banc Corp | 1.12 | $ 1,615.129 Millions | $ 1,442.319 Millions | First Mid Bancshares Inc | 1.11 | $ 6,051.576 Millions | $ 5,433.099 Millions | Mainstreet Bancshares Inc | 1.11 | $ 1,796.104 Millions | $ 1,623.383 Millions | Columbia Banking System Inc | 1.11 | $ 45,497.045 Millions | $ 41,129.831 Millions | Byline Bancorp Inc | 1.10 | $ 6,510.887 Millions | $ 5,917.092 Millions |
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