Fifth Accounts Payable vs Long Term Investments Analysis

FITB Stock  USD 47.90  0.78  1.66%   
Fifth Third financial indicator trend analysis is much more than just examining Fifth Third Bancorp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fifth Third Bancorp is a good investment. Please check the relationship between Fifth Third Accounts Payable and its Long Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fifth Third Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Accounts Payable vs Long Term Investments

Accounts Payable vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fifth Third Bancorp Accounts Payable account and Long Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Fifth Third's Accounts Payable and Long Term Investments is -0.12. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Fifth Third Bancorp, assuming nothing else is changed. The correlation between historical values of Fifth Third's Accounts Payable and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Fifth Third Bancorp are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Accounts Payable i.e., Fifth Third's Accounts Payable and Long Term Investments go up and down completely randomly.

Correlation Coefficient

-0.12
Relationship DirectionNegative 
Relationship StrengthInsignificant

Accounts Payable

An accounting item on the balance sheet that represents Fifth Third obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Fifth Third Bancorp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Long Term Investments

Long Term Investments is an item on the asset side of Fifth Third balance sheet that represents investments Fifth Third Bancorp intends to hold for over a year. Fifth Third Bancorp long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from Fifth Third's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fifth Third Bancorp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fifth Third Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At present, Fifth Third's Enterprise Value Over EBITDA is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 13.48, whereas Selling General Administrative is forecasted to decline to about 1.5 B.
 2021 2022 2023 2024 (projected)
Other Operating Expenses4.3B4.2B3.8B2.0B
Interest Expense441M978M3.9B4.1B

Fifth Third fundamental ratios Correlations

0.30.59-0.09-0.170.520.90.540.080.68-0.14-0.090.370.160.56-0.160.380.280.090.390.190.810.810.620.00.28
0.30.67-0.050.480.760.550.620.960.740.7-0.66-0.220.450.60.51-0.671.00.520.090.710.720.72-0.060.060.68
0.590.670.010.10.760.790.990.620.760.24-0.280.150.40.590.13-0.350.660.440.310.390.870.87-0.14-0.270.87
-0.09-0.050.01-0.120.03-0.110.010.08-0.01-0.10.370.650.06-0.03-0.09-0.32-0.050.61-0.33-0.160.050.05-0.21-0.10.14
-0.170.480.1-0.12-0.06-0.010.120.550.010.95-0.57-0.75-0.50.641.0-0.40.5-0.240.150.910.160.16-0.3-0.170.21
0.520.760.760.03-0.060.760.710.670.870.19-0.510.210.720.35-0.01-0.430.740.67-0.090.270.820.820.110.120.73
0.90.550.79-0.11-0.010.760.730.370.880.09-0.290.220.320.590.010.070.540.270.270.360.940.940.38-0.070.56
0.540.620.990.010.120.710.730.590.680.24-0.260.130.350.580.14-0.340.610.410.330.370.830.83-0.2-0.30.87
0.080.960.620.080.550.670.370.590.630.75-0.59-0.240.390.530.57-0.840.960.550.040.690.60.6-0.31-0.020.7
0.680.740.76-0.010.010.870.880.680.630.2-0.30.220.530.460.04-0.260.730.520.070.370.880.880.23-0.030.65
-0.140.70.24-0.10.950.190.090.240.750.2-0.69-0.7-0.220.630.96-0.590.720.010.060.930.290.3-0.29-0.080.37
-0.09-0.66-0.280.37-0.57-0.51-0.29-0.26-0.59-0.3-0.690.61-0.14-0.5-0.610.36-0.65-0.050.18-0.68-0.38-0.39-0.12-0.22-0.41
0.37-0.220.150.65-0.750.210.220.13-0.240.22-0.70.610.38-0.22-0.730.16-0.240.53-0.09-0.60.190.190.20.010.06
0.160.450.40.06-0.50.720.320.350.390.53-0.22-0.140.38-0.27-0.47-0.390.430.79-0.2-0.290.330.320.090.250.4
0.560.60.59-0.030.640.350.590.580.530.460.63-0.5-0.22-0.270.66-0.130.6-0.060.320.830.730.730.12-0.120.52
-0.160.510.13-0.091.0-0.010.010.140.570.040.96-0.61-0.73-0.470.66-0.430.53-0.20.090.920.190.2-0.29-0.170.27
0.38-0.67-0.35-0.32-0.4-0.430.07-0.34-0.84-0.26-0.590.360.16-0.39-0.13-0.43-0.67-0.640.2-0.37-0.2-0.20.62-0.01-0.56
0.281.00.66-0.050.50.740.540.610.960.730.72-0.65-0.240.430.60.53-0.670.510.10.720.710.71-0.080.050.67
0.090.520.440.61-0.240.670.270.410.550.520.01-0.050.530.79-0.06-0.2-0.640.51-0.29-0.090.410.41-0.140.10.52
0.390.090.31-0.330.15-0.090.270.330.040.070.060.18-0.09-0.20.320.090.20.1-0.290.190.260.270.01-0.18-0.13
0.190.710.39-0.160.910.270.360.370.690.370.93-0.68-0.6-0.290.830.92-0.370.72-0.090.190.50.51-0.09-0.20.43
0.810.720.870.050.160.820.940.830.60.880.29-0.380.190.330.730.19-0.20.710.410.260.51.00.2-0.070.7
0.810.720.870.050.160.820.940.830.60.880.3-0.390.190.320.730.2-0.20.710.410.270.511.00.2-0.070.71
0.62-0.06-0.14-0.21-0.30.110.38-0.2-0.310.23-0.29-0.120.20.090.12-0.290.62-0.08-0.140.01-0.090.20.20.41-0.3
0.00.06-0.27-0.1-0.170.12-0.07-0.3-0.02-0.03-0.08-0.220.010.25-0.12-0.17-0.010.050.1-0.18-0.2-0.07-0.070.41-0.27
0.280.680.870.140.210.730.560.870.70.650.37-0.410.060.40.520.27-0.560.670.52-0.130.430.70.71-0.3-0.27
Click cells to compare fundamentals

Fifth Third Account Relationship Matchups

Fifth Third fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding720.1M719.7M711.2M695.0M687.7M606.5M
Total Assets169.4B204.7B211.1B207.5B214.6B225.3B
Short Long Term Debt Total16.0B16.2B12.8B18.6B18.9B12.4B
Other Current Liab(1.0B)(39M)(980M)(4.8B)(2.5B)(2.4B)
Total Current Liabilities1.0B1.2B980M4.3B95.6B100.4B
Total Stockholder Equity21.2B23.1B22.2B17.3B19.2B11.0B
Property Plant And Equipment Net2.8B2.9B2.7B2.8B3.3B1.9B
Net Debt12.7B13.0B9.8B15.1B15.8B10.1B
Retained Earnings18.3B18.4B20.2B21.7B23.0B24.1B
Cash3.3B3.1B3.0B3.5B3.1B2.3B
Non Current Assets Total47.1B79.7B82.1B72.0B233.0B244.6B
Non Currrent Assets Other(47.1B)(79.7B)(82.1B)1.8B(85.7B)(81.4B)
Other Assets77.6B48.0B50.3B66.8B(50.9B)(48.3B)
Cash And Short Term Investments41.3B74.1B75.7B62.4B3.1B3.0B
Net Receivables3.4B2.9B3.1B2.7B5.6B5.9B
Liabilities And Stockholders Equity169.4B204.7B211.1B207.5B214.6B225.3B
Non Current Liabilities Total15.0B15.0B11.8B4.3B192.5B202.2B
Other Stockholder Equity(2.1B)(2.0B)(3.4B)(3.4B)(3.5B)(3.3B)
Total Liab148.2B181.6B188.9B190.1B195.4B205.2B
Total Current Assets44.6B77.0B78.7B68.7B32.5B22.6B
Short Term Debt1.0B39M980M4.8B2.5B3.1B
Accumulated Other Comprehensive Income1.2B2.6B1.2B(5.1B)(4.5B)(4.3B)
Property Plant And Equipment Gross3.3B3.3B2.7B2.8B7.1B7.5B
Other Liab2.4B3.4B4.3B1.5B1.4B2.7B
Accounts Payable2.4B2.6B169.3B1.8B1.6B1.6B
Long Term Debt15.0B15.0B11.8B13.7B16.4B12.7B
Short Term Investments38.0B70.9B72.7B59.9B(47.4B)(45.1B)
Inventory(8.8B)(40.4B)(41.8B)(12.4B)(2.4B)(2.6B)
Treasury Stock(5.7B)(5.7B)(7.0B)(7.1B)(6.4B)(6.1B)
Intangible Assets1.2B795M1.3B1.9B1.9B1.0B
Property Plant Equipment2.8B2.1B2.7B2.2B2.5B2.6B
Good Will4.3B4.3B4.5B4.9B4.9B3.0B
Other Current Assets8.8B40.4B41.8B15.9B29.3B41.1B
Retained Earnings Total Equity18.3B18.4B20.2B21.7B24.9B13.6B
Net Tangible Assets15.0B16.6B15.4B10.1B11.6B13.6B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Fifth Third Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fifth Third's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fifth Third Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fifth Third Bancorp Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fifth Third Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fifth Third. If investors know Fifth will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fifth Third listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.14)
Dividend Share
1.42
Earnings Share
3
Revenue Per Share
11.78
Quarterly Revenue Growth
(0.03)
The market value of Fifth Third Bancorp is measured differently than its book value, which is the value of Fifth that is recorded on the company's balance sheet. Investors also form their own opinion of Fifth Third's value that differs from its market value or its book value, called intrinsic value, which is Fifth Third's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fifth Third's market value can be influenced by many factors that don't directly affect Fifth Third's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fifth Third's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fifth Third is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fifth Third's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.