Independent Bank (Ionia MI) (Independent Bank (Ionia MI)) Selling, General, & Admin. Expense : $85.7 Mil (TTM As of Mar. 2024)

Independent Bank (Ionia MI) Selling, General, & Admin. Expense Chart

Independent Bank (Ionia MI) Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Selling, General, & Admin. Expense		Get a 7-Day Free Trial					82.49	81.80	83.28	85.22	84.14

Independent Bank (Ionia MI) Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Selling, General, & Admin. Expense	Get a 7-Day Free Trial															20.72	21.78	21.01	20.72	22.16

Competitive Comparison of Independent Bank (Ionia MI)'s Selling, General, & Admin. Expense

For the Banks - Regional subindustry, Independent Bank (Ionia MI)'s Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Independent Bank (Ionia MI)'s Selling, General, & Admin. Expense Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Independent Bank (Ionia MI)'s Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Independent Bank (Ionia MI)'s Selling, General, & Admin. Expense falls into.

Independent Bank (Ionia MI) Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $85.7 Mil.

* 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.

Independent Bank (Ionia MI)  (NAS:IBCP) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.

Independent Bank (Ionia MI) Selling, General, & Admin. Expense Related Terms

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Independent Bank (Ionia MI) (Independent Bank (Ionia MI)) Business Description