Fifth Third Bancorp (Fifth Third Bancorp) Accounts Receivable

: $2,804 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fifth Third Bancorp's accounts receivables for the quarter that ended in Dec. 2023 was $2,804 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Fifth Third Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 121.78.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Fifth Third Bancorp's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-176.90.

Fifth Third Bancorp Accounts Receivable Historical Data

The historical data trend for Fifth Third Bancorp's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fifth Third Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

2,702.00

2,607.00

3,025.00

3,282.00

2,804.00

Fifth Third Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																3,282.00	-	-	-	2,804.00

Fifth Third Bancorp Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Fifth Third Bancorp Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Fifth Third Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2804	/	2101	*	91
=	121.78

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Fifth Third Bancorp's accounts receivable are only considered to be worth 75% of book value:

Fifth Third Bancorp's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(74921	+	0.75 * 2804	+	0.5 * 0	-	195402
-	2116	-	0)	/	681.125
=	-176.90

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Fifth Third Bancorp Accounts Receivable Related Terms

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Fifth Third Bancorp (Fifth Third Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Fifth Third Bancorp (NAS:FITB) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

FITBO.PFD:USA FITBP.PFD:USA FITBI.PFD:USA FFH:Germany FFH:Germany FFTD34:Brazil

Address

38 Fountain Square Plaza, Cincinnati, OH, USA, 45263

Website

https://www.53.com

Fifth Third Bancorp is a diversified financial-services company headquartered in Cincinnati. The company has over $200 billion in assets and operates numerous full-service banking centers and ATMs throughout Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina.

Executives

C. Bryan Daniels	director	MB FINANCIAL INC/MD, 6111 NORTH RIVER ROAD, ROSEMONT IL 60018
Laurent Desmangles	director	38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH 45263
Kathleen A Rogers	director	US BANCORP, 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Evan Bayh	director	3 BETHESDA METRO CENTER, SUITE 1000, BETHESDA MD 20814
Gary R Heminger	director	C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Howard Hammond	officer: EVP	38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH 45263
Kevin P Lavender	officer: EVP	C/O AMSURG CORPORATION, 20 BURTON HILLS BLVD., 5TH FLOOR, NASHVILLE TN 37215
Robert P Shaffer	officer: EVP and CHRO	38 FOUNTAIN SQUARE PLAZA, MD 10909F, CINCINNATI OH 45263
Timothy Spence	officer: EVP & CSO	38 FOUNTAIN SQUARE PLAZA, MD 10AT76, CINCINNATI OH 45263
James C. Leonard	officer: SVP & Treasurer	38 FOUNTAIN SQUARE PLAZA, MD10AT76, CINCINNATI OH 45263
Mitchell Feiger	director	C/O MB FINANCIAL INC, 1200 NORTH ASHLAND AVE, CHICAGO IL 60622
Jude Schramm	officer: EVP and CIO	38 FOUNTAIN SQUARE PLAZA, MD 10909F, CINCINNATI OH 45263
Greg D Carmichael	officer: Executive Vice President
Kala Gibson	officer: EVP	38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH 45263
Kristine R. Garrett	officer: EVP	38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH 45263