Luther Burbank

NASDAQ LBC

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Luther Burbank Working Capital Turnover Ratio 3 year CAGR for the Trailing 12 Months (TTM) ending September 30, 2023: 51.54%

Luther Burbank Working Capital Turnover Ratio 3 year CAGR is 51.54% for the Trailing 12 Months (TTM) ending September 30, 2023, a -49.51% change year over year. The working capital turnover ratio measures the efficiency of a company in utilizing its working capital to generate revenue. It is calculated by dividing the revenue by the working capital. This ratio indicates the number of times the company's working capital is converted into revenue during a specific period. A higher working capital turnover ratio suggests more efficient utilization of working capital in revenue generation. 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.
  • Luther Burbank Working Capital Turnover Ratio for the Trailing 12 Months (TTM) ending September 30, 2022 was 0.04, a 573.85% change year over year.
  • Luther Burbank Working Capital Turnover Ratio for the Trailing 12 Months (TTM) ending September 30, 2021 was 0.01, a 18.49% change year over year.
  • Luther Burbank Working Capital Turnover Ratio for the Trailing 12 Months (TTM) ending September 30, 2020 was 0.01, a 3.33% change year over year.
  • Luther Burbank Working Capital Turnover Ratio for the Trailing 12 Months (TTM) ending September 30, 2019 was 0.01, a -6.80% change year over year.
NASDAQ: LBC

Luther Burbank

CEO Ms. Simone F. Lagomarsino
IPO Date Dec. 8, 2017
Location United States
Headquarters 520 Third Street, Santa Rosa, CA, United States, 95401
Employees 256
Sector Financial Services
Industry Banks - regional
Description

Luther Burbank Corporation operates as the bank holding company for Luther Burbank Savings that provides various banking products and services for real estate investors, professionals, entrepreneurs, depositors, and commercial businesses. The company offers interest and noninterest-bearing transaction accounts, certificates of deposit, and money market accounts. It also provides commercial real estate loans, including first mortgage loans for the purchase, refinance, or build-out of tenant improvements on investor owned multifamily residential properties, as well as loans for the purchase, refinance, or improvement of office, retail, and light industrial properties; single family residential loans; and a portfolio of 30-year fixed rate first mortgage and a forgivable second mortgage. In addition, the company offers ATM, debit cards, online and mobile banking, and real estate investment services; and issues trust preferred securities. Luther Burbank Corporation was founded in 1983 and is headquartered in Santa Rosa, California.

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StockViz Staff

September 20, 2024

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