Citizens Financial Group, Inc.

NYSE CFG

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Citizens Financial Group, Inc. Payables Turnover 2 year CAGR for the year ending December 31, 2022: -94.28%

Citizens Financial Group, Inc. Payables Turnover 2 year CAGR is -94.28% for the year ending December 31, 2022. 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.

Citizens Financial Group, Inc. Payables Turnover for the year ending December 31, 2022 was 0.00.

NYSE: CFG

Citizens Financial Group, Inc.

CEO	Mr. Bruce Winfield Van Saun
IPO Date	Sept. 24, 2014
Location	United States
Headquarters	One Citizens Plaza, Providence, RI, United States, 02903
Employees	17,354
Sector	Financial Services
Industry	Banks - regional

Description

Citizens Financial Group, Inc. operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment offers deposit products, mortgage and home equity lending products, credit cards, business loans, wealth management, and investment services; and auto, education, and point-of-sale finance loans, as well as digital deposit products. This segment serves its customers through telephone service centers, as well as through its online and mobile platforms. The Commercial Banking segment provides various financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, and interest rate and commodity risk management solutions, as well as syndicated loans, corporate finance, mergers and acquisitions, and debt and equity capital markets services. This segment serves corporate banking, healthcare, technology, asset finance, franchise finance, leasing, asset-based lending, commercial real estate, mid-corporate, and private equity sponsor industries. The company was formerly known as RBS Citizens Financial Group, Inc. and changed its name to Citizens Financial Group, Inc. in April 2014. Citizens Financial Group, Inc. was founded in 1828 and is headquartered in Providence, Rhode Island.

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