Macatawa Bank Corporation

NASDAQ MCBC

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Macatawa Bank Corporation Sales to Fixed Assets Ratio 5 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: 14.87%

Macatawa Bank Corporation Sales to Fixed Assets Ratio 5 year CAGR is 14.87% for the Trailing 12 Months (TTM) ending March 31, 2024, a 115.63% change year over year. Sales to fixed assets ratio measures the revenue generated by a company relative to its fixed assets, such as property, plant, and equipment. It is calculated by dividing the revenue by the net value of fixed assets. This ratio provides insights into the efficiency of the company's fixed assets in generating sales revenue. A higher sales to fixed assets ratio suggests better sales generation from fixed assets and efficient utilization of physical infrastructure. 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.

Macatawa Bank Corporation Sales to Fixed Assets Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 0.52, a 16.34% change year over year.
Macatawa Bank Corporation Sales to Fixed Assets Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 0.45, a -9.67% change year over year.
Macatawa Bank Corporation Sales to Fixed Assets Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 0.49, a 5.50% change year over year.
Macatawa Bank Corporation Sales to Fixed Assets Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 0.47, a 8.19% change year over year.

NASDAQ: MCBC

Macatawa Bank Corporation

CEO	Mr. Ronald L. Haan
IPO Date	May 20, 1998
Location	United States
Headquarters	10753 Macatawa Drive, Holland, MI, United States, 49424
Employees	287
Sector	Financial Services
Industry	Banks - regional

Description

Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank that engages in the provision of commercial and consumer banking and trust services. The company accepts various deposits, such as checking accounts, savings accounts, time deposits, regular and money market savings accounts, certificates of deposit, and demand deposits. Its loan products include commercial and industrial loans comprising loans to finance operations and equipment; commercial real estate loans, which consist of construction and development, multi-family, and other non-residential real estate loans; and residential mortgage loans, as well as consumer loans, including automobile loans, home equity lines of credit and installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes. The company also offers ATM and debit card processing, cash management, and brokerage services. In addition, it provides asset management, personal trust, and retirement plan services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. The company was incorporated in 1997 and is based in Holland, Michigan.

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