IF Bancorp Inc

NASDAQ IROQ

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IF Bancorp Inc Accounts Payable Turnover Ratio 5 year CAGR for the year ending June 30, 2023: -32.90%

IF Bancorp Inc Accounts Payable Turnover Ratio 5 year CAGR is -32.90% for the year ending June 30, 2023, a -90.01% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. 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.

IF Bancorp Inc Accounts Payable Turnover Ratio for the year ending June 30, 2022 was 157.77, a 18.76% change year over year.
IF Bancorp Inc Accounts Payable Turnover Ratio for the year ending June 30, 2021 was 132.85, a 208.86% change year over year.
IF Bancorp Inc Accounts Payable Turnover Ratio for the year ending June 30, 2020 was 43.01, a 56.37% change year over year.
IF Bancorp Inc Accounts Payable Turnover Ratio for the year ending June 30, 2019 was 27.51, a -76.08% change year over year.

NASDAQ: IROQ

IF Bancorp Inc

CEO	Mr. Walter H. Hasselbring III
IPO Date	July 8, 2011
Location	United States
Headquarters	201 East Cherry Street, Watseka, IL, United States, 60970-0190
Employees	104
Sector	Financial Services
Industry	Banks - regional

Description

IF Bancorp, Inc. operates as the savings and loan holding company for Iroquois Federal Savings and Loan Association that provides a range of banking and financial services to individual and corporate clients. The company offers various deposit accounts, including savings accounts, certificates of deposit, money market accounts, commercial and personal checking accounts, individual retirement accounts, and health savings accounts. It provides loans comprising one- to four-family residential mortgage loans; multi-family mortgage loans; commercial real estate loans, such as farm loans; home equity lines of credit; commercial business loans; and consumer loans primarily comprising automobile loans, as well as construction loans and land development loans. In addition, the company sells property and casualty insurance, as well as offers annuities; mutual funds; individual and group retirement plans; life, disability, and health insurance; individual securities; managed accounts; and other financial services. Further, it invests in securities; and provides ATM, online banking and bill pay, mobile banking, ACH origination, remote deposit capture, and telephone banking services. IF Bancorp, Inc. was founded in 1883 and is headquartered in Watseka, Illinois.

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