Red River Bancshares Inc

NASDAQ RRBI

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Red River Bancshares Inc Accounts Payable Turnover Ratio 5 year CAGR for the quarter ending March 31, 2024: -14.77%

Red River Bancshares Inc Accounts Payable Turnover Ratio 5 year CAGR is -14.77% for the quarter ending March 31, 2024. 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.

Red River Bancshares Inc Accounts Payable Turnover Ratio for the quarter ending March 31, 2023 was 11.12, a -35.77% change year over year.
Red River Bancshares Inc Accounts Payable Turnover Ratio for the quarter ending March 31, 2022 was 17.31, a 21.95% change year over year.
Red River Bancshares Inc Accounts Payable Turnover Ratio for the quarter ending March 31, 2021 was 14.19, a 59.14% change year over year.
Red River Bancshares Inc Accounts Payable Turnover Ratio for the quarter ending March 31, 2020 was 8.92, a -5.31% change year over year.

NASDAQ: RRBI

Red River Bancshares Inc

CEO	Mr. Ronald Blake Chatelain
IPO Date	May 3, 2019
Location	United States
Headquarters	1412 Centre Court Drive, Alexandria, LA, United States, 71301
Employees	358
Sector	Financial Services
Industry	Banks - regional

Description

Red River Bancshares, Inc. operates as a bank holding company for Red River Bank that provides banking products and services to commercial and retail customers in Louisiana. The company provides various deposit products, including checking, saving, money market accounts, and time deposits. It offers commercial real estate loans; one-to-four family mortgage loans and home equity lines of credit; construction and development loans; commercial and industrial loans; small business administration paycheck protection program loans; tax-exempt loans; consumer loans to individuals for personal, family, and household purposes, including secured and unsecured installment and term loans; home mortgage loans; and lines of credit and standby letters of credit. In addition, the company provides treasury management, private banking, and brokerage; investment advisory, financial planning, and a suite of retirement plans; debit and credit cards, direct deposits, cashier's checks, and wire transfer services; online banking services, including access to account balances, online transfers, online bill payment, and electronic delivery of customer statements; and banking services in person, through ATMs, drive-through facilities, night deposits, telephone, mail, mobile banking, and remote deposits. Red River Bancshares, Inc. was incorporated in 1998 and is headquartered in Alexandria, Louisiana.

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