showing the working

← Richmond Mutual Bancorporation

The business behind the dividend

MeasureRMBIMedianFormula
Return on equity7.9%10.6%Net income ÷ shareholders’ equity
Return on capital employedOperating income ÷ (equity + total debt)
Owner earnings$11.11m$120.90mNet income + depreciation & amortisation − capital expenditure
Free cash flow$14.61m$155.08mOperating cash flow − capital expenditure
Operating margin15.9%14.3%Operating income ÷ revenue
Net margin13.5%10.1%Net income ÷ revenue
Debt to equityTotal debt ÷ shareholders’ equity
Interest coverOperating income ÷ interest expense
Current ratioCurrent assets ÷ current liabilities
Long-term debt to working capitalLong-term debt ÷ (current assets − current liabilities)
Cash conversionOperating cash flow ÷ net income
Accruals-0.3%-3.1%(Net income − operating cash flow) ÷ total assets

Not computed here: Cash conversion, Current ratio, Debt to equity, Long-term debt to working capital, Interest cover, Return on capital employed — why a blank is not a zero.

Ten years of it

The same measures, for every year the filings support. One year is a fact; a row is a business.

Measure20252024202320222021202020192018Median
Return on equity7.9%7.1%7.0%9.8%6.2%5.2%-7.5%6.6%7.0%
Operating margin15.9%15.9%
Net margin13.5%11.6%14.1%25.0%24.3%23.4%-33.9%16.1%16.1%

How it compares in banks & insurers

Among the 377 banks & insurers companies here measured on GAAP earnings, Richmond Mutual Bancorporation pays out less than 67 of them. The median for that group is 30.6%, against this company’s 51.3%.

Closest on GAAP earnings

Same sector and same denominator, so the figures are comparable. All 377 in banks & insurers →