ChoiceOne Financial Services Inc

NASDAQ COFS

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ChoiceOne Financial Services Inc Days Inventory Outstanding (DIO) 3 year CAGR for the Trailing 12 Months (TTM) ending December 31, 2021

ChoiceOne Financial Services Inc Days Inventory Outstanding (DIO) 3 year CAGR is NA for the Trailing 12 Months (TTM) ending December 31, 2021. The days inventory outstanding ratio measures the average number of days it takes for a company to sell its inventory. It is calculated by dividing inventory by the cost of revenue and then multiplying by 365. This ratio indicates the average number of days inventory is held before being sold. A lower number of days suggests faster inventory turnover and efficient inventory management. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

ChoiceOne Financial Services Inc Days Inventory Outstanding (DIO) for the Trailing 12 Months (TTM) ending March 31, 2021 was 133,407.50, a 1,194.05% change year over year.
ChoiceOne Financial Services Inc Days Inventory Outstanding (DIO) for the Trailing 12 Months (TTM) ending March 31, 2020 was 10,309.31, a -76.66% change year over year.

NASDAQ: COFS

ChoiceOne Financial Services Inc

CEO	Mr. Kelly J. Potes CFP
IPO Date	Dec. 31, 2001
Location	United States
Headquarters	109 East Division Street, Sparta, MI, United States, 49345
Employees	367
Sector	Financial Services
Industry	Banks - regional

Description

ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides banking services to corporations, partnerships, and individuals in Michigan. The company offers various deposit products, including time, savings, and demand deposits, safe deposit, and automated transaction machine services. It also provides commercial lending products, such as business, industry, agricultural, construction, inventory, and real estate loans; and consumer loans comprising direct and indirect loans to consumers and purchasers of residential and real properties. In addition, the company offers alternative investment products, which include annuities and mutual funds; and sells insurance policies, such as life and health for commercial and consumer clients. Further, it provides trust and wealth management services. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan.

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