Truist Financial Corp

NYSE TFC

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Truist Financial Corp Accounts Payable Turnover Ratio 5 year CAGR for the Trailing 12 Months (TTM) ending September 30, 2023: -52.18%

Truist Financial Corp Accounts Payable Turnover Ratio 5 year CAGR is -52.18% for the Trailing 12 Months (TTM) ending September 30, 2023, a -1.50% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, 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.

Truist Financial Corp Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 0.01, a 6.83% change year over year.
Truist Financial Corp Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 0.01, a -9.21% change year over year.
Truist Financial Corp Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 0.01, a -93.89% change year over year.
Truist Financial Corp Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 0.24, a -53.12% change year over year.

NYSE: TFC

Truist Financial Corp

CEO	Mr. William Henry Rogers Jr.
IPO Date	March 26, 1990
Location	United States
Headquarters	214 North Tryon Street, Charlotte, NC, United States, 28202
Employees	49,218
Sector	Financial Services
Industry	Banks - regional

Description

Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; automobile lending; credit card lending; consumer finance; home equity and mortgage lending; other direct retail lending; insurance; investment brokerage; mobile/online banking; payment solutions; point-of-sale lending; retail and small business deposit products; small business lending; and wealth management/private banking services. In addition, it offers asset based lending, investment banking and capital market, institutional trust, insurance premium finance, derivatives, commercial lending, international banking, leasing, merchant, commercial deposit and treasury, floor plan, mortgage warehouse lending, real estate lending, and supply chain financing services. Further, the company provides insurance brokerage, retail and wholesale brokerage, securities underwriting and market making, loan syndication, and investment management and advisory services. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.

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