Western Alliance Bancorporation

NYSE WAL

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Western Alliance Bancorporation Payables Turnover 5 year CAGR for the quarter ending June 30, 2023

Western Alliance Bancorporation Payables Turnover 5 year CAGR is NA for the quarter ending June 30, 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.
  • Western Alliance Bancorporation Payables Turnover for the quarter ending March 31, 2023 was -0.01, a -93.32% change year over year.
  • Western Alliance Bancorporation Payables Turnover for the quarter ending March 31, 2022 was -0.01.
NYSE: WAL

Western Alliance Bancorporation

CEO Mr. Kenneth A. Vecchione
IPO Date June 30, 2005
Location United States
Headquarters One East Washington Street, Phoenix, AZ, United States, 85004
Employees 3,312
Sector Financial Services
Industry Banks - regional
Description

Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; demand deposits; and treasury management and residential mortgage products and services. It also provides commercial and industrial loan products, such as working capital lines of credit, loans to technology companies, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multi-family residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans. In addition, the company provides other financial services, such as internet banking, wire transfers, electronic bill payment and presentment, funds transfer and other digital payment offerings, lock box services, courier, and cash management services. Further, the company holds certain investment securities, municipal and non-profit loans, and leases; invests primarily in low-income housing tax credits and small business investment corporations; and holds certain real estate loans and related securities. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.

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StockViz Staff

September 20, 2024

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