Northwest Bancshares Inc

NASDAQ NWBI

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Northwest Bancshares Inc Accounts Payable Turnover Ratio 5 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: -41.05%

Northwest Bancshares Inc Accounts Payable Turnover Ratio 5 year CAGR is -41.05% for the Trailing 12 Months (TTM) ending March 31, 2024, a -146.76% 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.

Northwest Bancshares Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 87.15, a -37.58% change year over year.
Northwest Bancshares Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 139.63, a 11.78% change year over year.
Northwest Bancshares Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 124.91, a 17.98% change year over year.
Northwest Bancshares Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 105.88, a -30.27% change year over year.

NASDAQ: NWBI

Northwest Bancshares Inc

CEO	Mr. Louis J. Torchio
IPO Date	Nov. 8, 1994
Location	United States
Headquarters	3 Easton Oval, Columbus, OH, United States, 43219
Employees	2,060
Sector	Financial Services
Industry	Banks - regional

Description

Northwest Bancshares, Inc. operates as the bank holding company for Northwest Bank, a state-chartered savings bank that provides personal and business banking solutions. The company accepts various deposits, including checking, savings, money market deposit, term certificate, and individual retirement accounts. It also offers loan products comprising one-to-four-family residential real estate loans, shorter term consumer loans, and loans collateralized by multi-family residential and commercial real estate; home equity loans and lines of credit; commercial business and real estate loans; commercial loans; and consumer loans, including automobile loans, sales finance loans, unsecured personal loans, credit card loans, and loans secured by investment accounts, as well as investment management and trust services. The company operates community banking locations in Pennsylvania, Western New York, Eastern Ohio, and Indiana. Northwest Bancshares, Inc. was founded in 1896 and is headquartered in Columbus, Ohio.

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