Mercantile Bank Corporation (MBWM) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Mercantile Bank Corporation (MBWM) has a cash flow conversion efficiency ratio of 0.035x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($23.11 Million) by net assets ($657.63 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Mercantile Bank Corporation - Cash Flow Conversion Efficiency Trend (1998–2024)
This chart illustrates how Mercantile Bank Corporation's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read MBWM total debt and obligations for a breakdown of total debt and financial obligations.
Mercantile Bank Corporation Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Mercantile Bank Corporation ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Shenzhen Sunmoon Microelectronics Co. Ltd. A
SHG:688699
|
0.007x |
|
Focused Photonics Hangzhou Inc
SHE:300203
|
0.014x |
|
Huangshan Tourism Development Co Ltd A
SHG:600054
|
0.053x |
|
LIFETECH SCI.DL-00000125
F:81X
|
N/A |
|
GIGAVIS LTD (PROPOSED)
KQ:420770
|
0.000x |
|
LIGHTHOUSE PROPERTIES
F:87O
|
N/A |
|
NGERN TID LOR-NVDR- BA37
F:70V0
|
N/A |
|
Pakuwon Jati Tbk
JK:PWON
|
0.026x |
Annual Cash Flow Conversion Efficiency for Mercantile Bank Corporation (1998–2024)
The table below shows the annual cash flow conversion efficiency of Mercantile Bank Corporation from 1998 to 2024. For the full company profile with market capitalisation and key ratios, see market value of Mercantile Bank Corporation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $584.53 Million | $101.12 Million | 0.173x | +35.60% |
| 2023-12-31 | $522.14 Million | $66.61 Million | 0.128x | -53.02% |
| 2022-12-31 | $441.41 Million | $119.86 Million | 0.272x | +91.99% |
| 2021-12-31 | $456.56 Million | $64.57 Million | 0.141x | +64.88% |
| 2020-12-31 | $441.55 Million | $37.88 Million | 0.086x | -20.18% |
| 2019-12-31 | $416.56 Million | $44.77 Million | 0.107x | -34.68% |
| 2018-12-31 | $375.25 Million | $61.74 Million | 0.165x | +55.68% |
| 2017-12-31 | $365.87 Million | $38.66 Million | 0.106x | +4.09% |
| 2016-12-31 | $340.81 Million | $34.60 Million | 0.102x | -5.87% |
| 2015-12-31 | $333.80 Million | $36.00 Million | 0.108x | +145.55% |
| 2014-12-31 | $328.14 Million | $14.41 Million | 0.044x | -76.52% |
| 2013-12-31 | $153.32 Million | $28.68 Million | 0.187x | +61.01% |
| 2012-12-31 | $146.59 Million | $17.03 Million | 0.116x | -14.82% |
| 2011-12-31 | $165.00 Million | $22.51 Million | 0.136x | -41.97% |
| 2010-12-31 | $125.94 Million | $29.60 Million | 0.235x | +475.30% |
| 2009-12-31 | $140.10 Million | $-8.78 Million | -0.063x | -180.10% |
| 2008-12-31 | $174.37 Million | $13.63 Million | 0.078x | -28.06% |
| 2007-12-31 | $178.16 Million | $19.36 Million | 0.109x | -32.86% |
| 2006-12-31 | $171.91 Million | $27.83 Million | 0.162x | -3.76% |
| 2005-12-31 | $155.12 Million | $26.10 Million | 0.168x | +30.36% |
| 2004-12-31 | $141.62 Million | $18.27 Million | 0.129x | +23.48% |
| 2003-12-31 | $130.20 Million | $13.61 Million | 0.105x | -16.70% |
| 2002-12-31 | $79.83 Million | $10.02 Million | 0.125x | +104.00% |
| 2001-12-31 | $71.46 Million | $4.39 Million | 0.062x | -75.65% |
| 2000-12-31 | $31.85 Million | $8.05 Million | 0.253x | +128.15% |
| 1999-12-31 | $28.00 Million | $3.10 Million | 0.111x | +603.85% |
| 1998-12-31 | $26.70 Million | $420.00K | 0.016x | -- |
About Mercantile Bank Corporation
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It also provides commercial and indust… Read more