PNC Financial Services Group Inc

NYSE PNC

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PNC Financial Services Group Inc Payables Turnover 2 year CAGR for the year ending December 31, 2022: -15.17%

PNC Financial Services Group Inc Payables Turnover 2 year CAGR is -15.17% for the year ending December 31, 2022, a 81.67% change year over year. 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.

PNC Financial Services Group Inc Payables Turnover for the year ending December 31, 2022 was 0.15, a 2,845.57% change year over year.
PNC Financial Services Group Inc Payables Turnover for the year ending December 31, 2021 was 0.01, a -97.56% change year over year.
PNC Financial Services Group Inc Payables Turnover for the year ending December 31, 2020 was 0.21, a 21.80% change year over year.
PNC Financial Services Group Inc Payables Turnover for the year ending December 31, 2019 was 0.17, a -19.04% change year over year.

NYSE: PNC

PNC Financial Services Group Inc

CEO	Mr. William S. Demchak
IPO Date	Sept. 7, 1988
Location	United States
Headquarters	The Tower at PNC Plaza, Pittsburgh, PA, United States, 15222-2401
Employees	54,441
Sector	Financial Services
Industry	Banks - regional

Description

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services. This segment serves consumer and small business customers through a network of branches, digital channels, ATMs, and through phone-based customer contact centers. Its Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases; cash and investment management services, receivables and disbursement management services, funds transfer services, international payment services, and access to online/mobile information management and reporting; securities underwriting, loan syndications, customer-related trading, and mergers and acquisitions and equity capital markets advisory related services; and commercial loan servicing and technology solutions. It serves mid-sized and large corporations, and government and not-for-profit entities. The company's Asset Management Group segment offers investment and retirement planning, customized investment management, credit and cash management solutions, and trust management and administration services for high net worth and ultra high net worth individuals, and their families; and multi-generational family planning services for ultra high net worth individuals and their families. It also provides outsourced chief investment officer, custody, private real estate, cash and fixed income client solutions, and retirement plan fiduciary investment services for institutional clients. The company was founded in 1852 and is headquartered in Pittsburgh, P

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