Lakeland Financial Corporation

NASDAQ LKFN

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Lakeland Financial Corporation Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2024: 7.14

Lakeland Financial Corporation Accounts Payable Turnover Ratio is 7.14 for the Trailing 12 Months (TTM) ending March 31, 2024, a -67.04% 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.

Lakeland Financial Corporation Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 21.65, a 16.51% change year over year.
Lakeland Financial Corporation Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 18.58, a 112.92% change year over year.
Lakeland Financial Corporation Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 8.73, a 112.04% change year over year.
Lakeland Financial Corporation Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 4.12, a -17.42% change year over year.

NASDAQ: LKFN

Lakeland Financial Corporation

CEO	Mr. David M. Findlay
IPO Date	Aug. 15, 1997
Location	United States
Headquarters	202 East Center Street, Warsaw, IN, United States, 46581-1387
Employees	628
Sector	Financial Services
Industry	Banks - regional

Description

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services in the United States. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits. Its loan products include commercial and industrial, commercial real estate and multi-family residential, construction, agri-business and agricultural, consumer 1-4 family mortgage, and other commercial and consumer loans. The company also provides retail and merchant credit card services; corporate treasury management, wealth advisory, and trust services; retail brokerage services, including various financial and investment products, such as annuities and life insurance; and mobile business banking and on-line treasury management services. It serves commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care industries. The company was founded in 1872 and is headquartered in Warsaw, Indiana.

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