Macatawa Bank (Macatawa Bank) Change In Receivables : $-1.7 Mil (TTM As of Dec. 2023)

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What is Macatawa Bank Change In Receivables?

Macatawa Bank's change in receivables for the quarter that ended in Dec. 2023 was $1.0 Mil. It means Macatawa Bank's Accounts Receivable declined by $1.0 Mil from Sep. 2023 to Dec. 2023 .

Macatawa Bank's change in receivables for the fiscal year that ended in Dec. 2023 was $-1.7 Mil. It means Macatawa Bank's Accounts Receivable increased by $1.7 Mil from Dec. 2022 to Dec. 2023 .

Macatawa Bank's Accounts Receivable for the quarter that ended in Dec. 2023 was $9.0 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Macatawa Bank's Days Sales Outstanding for the three months ended in Dec. 2023 was 31.87.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Macatawa Bank's liquidation value for the three months ended in Dec. 2023 was $-1,913.8 Mil.

Macatawa Bank Change In Receivables Historical Data

The historical data trend for Macatawa Bank's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Macatawa Bank Change In Receivables Chart

Macatawa Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-2.04

-7.78

3.64

-6.05

-1.68

Macatawa Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-0.52	-0.22	0.13	-2.57	0.97

Macatawa Bank Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.7 Mil.

Macatawa Bank (NAS:MCBC) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Macatawa Bank's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.976	/	25.704	*	91
=	31.87

2. In Ben Graham's calculation of liquidation value, Macatawa Bank's accounts receivable are only considered to be worth 75% of book value:

Macatawa Bank's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	541.115	-	2461.614	+	0.75 * 8.976	+	0.5 * 0
=	-1,913.8

Macatawa Bank Change In Receivables Related Terms

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Macatawa Bank (Macatawa Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Macatawa Bank Corp (NAS:MCBC) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

10753 Macatawa Drive, Holland, MI, USA, 49424

Website

https://www.macatawabank.com

Macatawa Bank Corp is the United states based holding company of Macatawa Bank. The Bank operates in twenty-six branch offices and a lending and operational service facility, providing a range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, Michigan. It also provides a range of loan products to business customers, including commercial and industrial and commercial real estate loans, and to retail customers, including residential mortgage and consumer loans. In addition, other services provided by the company includes internet banking, debit cards services and brokerage services. The Company's primary sources of revenue are derived from interest and dividends earned on loans, securities and other financial instruments.

Executives

Thomas P Rosenbach	director	10753 MACATAWA DRIVE, HOLLAND MI 49424
Nicole S Dandridge	director	10753 MACATAWA DRIVE, HOLLAND MI 49424
Timothy J. Doyle	officer: Chief Commercial Banking Ofcr.	10753 MACATAWA DRIVE, HOLLAND MI 49424
Robert L Herr	director	10753 MACATAWA DRIVE, HOLLAND MI 49424
Charles A. Geenen	director	10753 MACATAWA DRIVE, HOLLAND MI 49424
Jill A Walcott	officer: Senior V.P. Retail Banking	10753 MACATAWA DRIVE, HOLLAND MI 49424
Matthew D Hoeksema	officer: Senior Vice President	10753 MACATAWA DRIVE, HOLLAND MI 49424
Mark Bugge	director	10753 MACATAWA DRIVE, HOLLAND MI 49424
Le Roy Michael K.	director	10753 MACATAWA DRIVE, HOLLAND MI 49424
Ronald L Haan	director, officer: CEO and President	10753 MACATAWA DRIVE, HOLLAND MI 49424
Richard L Postma	director	10753 MACATAWA DRIVE, HOLLAND MI 49424
White Bay Capital, Lllp	10 percent owner	3133 ORCHARD VISTA DRIVE, GRAND RAPIDS MI 49546
Wayne J. Elhart	director	10753 MACATAWA DRIVE, HOLLAND MI 49424
Arend D Lubbers	director	10753 MACATAWA DRIVE, HOLLAND MI 49424
Douglas B Padnos	director	10753 MACATAWA DRIVE, HOLLAND MI 49424