Richmond Mutual Bancorporation Inc

NASDAQ RMBI

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Richmond Mutual Bancorporation Inc Payables Turnover 5 year CAGR for the year ending December 31, 2023

Richmond Mutual Bancorporation Inc Payables Turnover 5 year CAGR is NA for the year ending December 31, 2023. Payables turnover measures the efficiency with which a company manages its accounts payable. It is calculated by dividing the cost of revenue by the accounts payable. This ratio indicates how quickly a company pays off its obligations to suppliers and vendors. A higher turnover suggests that the company is efficiently managing its accounts payable, 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.

NASDAQ: RMBI

Richmond Mutual Bancorporation Inc

CEO	Mr. Garry D. Kleer
IPO Date	July 2, 2019
Location	United States
Headquarters	31 North 9th Street, Richmond, IN, United States, 47374
Employees	178
Sector	Financial Services
Industry	Banks - regional

Description

Richmond Mutual Bancorporation, Inc. operates as the bank holding company for First Bank Richmond that provides various banking services. It accepts various deposits, including savings deposit accounts, money market accounts, NOW and demand accounts, and certificates of deposit. The company also offers a range of lending products, such as multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, residential real estate loans, and consumer loans. In addition, it engages in the lease financing business; and provision of fee-based financial services comprising trust and estate administration, investment management, retirement plan administration, and private banking services. The company was founded in 1887 and is headquartered in Richmond, Indiana.

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