TriCo Bancshares

NASDAQ TCBK

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TriCo Bancshares Payables Turnover 3 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: 125.38%

TriCo Bancshares Payables Turnover 3 year CAGR is 125.38% for the Trailing 12 Months (TTM) ending March 31, 2024, a -65.72% change year over year. 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.

TriCo Bancshares Payables Turnover for the Trailing 12 Months (TTM) ending March 31, 2023 was 53.93, a 2,973.36% change year over year.
TriCo Bancshares Payables Turnover for the Trailing 12 Months (TTM) ending March 31, 2022 was 1.75, a 77.88% change year over year.
TriCo Bancshares Payables Turnover for the Trailing 12 Months (TTM) ending March 31, 2021 was 0.99, a 84.80% change year over year.
TriCo Bancshares Payables Turnover for the Trailing 12 Months (TTM) ending March 31, 2020 was 0.53, a -60.53% change year over year.

NASDAQ: TCBK

TriCo Bancshares

CEO	Mr. Richard P. Smith
IPO Date	April 20, 1993
Location	United States
Headquarters	63 Constitution Drive, Chico, CA, United States, 95973
Employees	1,188
Sector	Financial Services
Industry	Banks - regional

Description

TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to individual and corporate customers. The company accepts demand, savings, and time deposits. It also provides small business loans; real estate mortgage loans, such as residential and commercial loans; consumer loans; mortgage, auto, other vehicle, and personal loans; commercial loans, including agricultural loans; and real estate construction loans. In addition, the company offers treasury management services; credit and debit cards; and other customary banking services, including safe deposit boxes; and independent financial and broker-dealer services. Further, it provides checking, saving, and money market accounts, as well as individual retirement accounts; equipment financing; certificate of deposit account registry service; certificated of deposit; and IntraFi cash service. TriCo Bancshares was founded in 1975 and is headquartered in Chico, California.

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