Fifth Gross Profit vs Operating Income Analysis
FITB Stock | USD 36.25 2.03 5.93% |
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 Gross Profit and its Operating Income 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 tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Gross Profit vs Operating Income
Gross Profit vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fifth Third Bancorp Gross Profit account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Fifth Third's Gross Profit and Operating Income is 0.91. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Operating Income 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 Gross Profit and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Fifth Third Bancorp are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Gross Profit i.e., Fifth Third's Gross Profit and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Fifth Third Bancorp minus its cost of goods sold. It is profit before Fifth Third operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Operating Income
Operating Income is the amount of profit realized from Fifth Third Bancorp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Fifth Third Bancorp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.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 tightly coupled 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 significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 88.39, whereas Selling General Administrative is forecasted to decline to about 1.5 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 7.8B | 8.3B | 12.6B | 13.3B | Total Revenue | 7.8B | 8.3B | 12.7B | 13.3B |
Fifth Third fundamental ratios Correlations
Click cells to compare fundamentals
Fifth Third Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fifth Third fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 720.1M | 719.7M | 711.2M | 695.0M | 687.7M | 606.5M | |
Total Assets | 169.4B | 204.7B | 211.1B | 207.5B | 214.6B | 225.3B | |
Short Long Term Debt Total | 16.0B | 16.2B | 12.8B | 18.6B | 20.0B | 12.4B | |
Other Current Liab | (1.0B) | (1.2B) | (980M) | (512M) | 93.1B | 97.7B | |
Total Current Liabilities | 1.0B | 1.2B | 980M | 4.3B | 100.1B | 105.1B | |
Total Stockholder Equity | 21.2B | 23.1B | 22.2B | 17.3B | 19.2B | 11.0B | |
Property Plant And Equipment Net | 2.8B | 2.9B | 2.7B | 2.8B | 3.3B | 1.9B | |
Net Debt | 12.7B | 13.0B | 9.8B | 15.1B | 16.9B | 10.2B | |
Retained Earnings | 18.3B | 18.4B | 20.2B | 21.7B | 23.0B | 24.1B | |
Cash | 3.3B | 3.1B | 3.0B | 3.5B | 3.1B | 2.3B | |
Non Current Assets Total | 47.1B | 79.7B | 82.1B | 72.0B | 185.2B | 194.5B | |
Non Currrent Assets Other | (47.1B) | (79.7B) | (82.1B) | 1.8B | 145.5B | 152.8B | |
Other Assets | 77.6B | 48.0B | 50.3B | 66.8B | 76.8B | 56.0B | |
Cash And Short Term Investments | 41.3B | 74.1B | 75.7B | 62.4B | (3.1B) | (3.0B) | |
Net Receivables | 3.4B | 2.9B | 3.1B | 2.7B | 5.6B | 5.9B | |
Liabilities And Stockholders Equity | 169.4B | 204.7B | 211.1B | 207.5B | 214.6B | 225.3B | |
Non Current Liabilities Total | 15.0B | 15.0B | 11.8B | 4.3B | 95.3B | 100.1B | |
Other Stockholder Equity | (2.1B) | (2.0B) | (3.4B) | (3.4B) | (3.5B) | (3.3B) | |
Total Liab | 148.2B | 181.6B | 188.9B | 190.1B | 195.4B | 205.2B | |
Total Current Assets | 44.6B | 77.0B | 78.7B | 68.7B | 29.3B | 22.5B | |
Short Term Debt | 1.0B | 1.2B | 980M | 4.8B | 7.0B | 7.3B | |
Accumulated Other Comprehensive Income | 1.2B | 2.6B | 1.2B | (5.1B) | (4.5B) | (4.3B) | |
Property Plant And Equipment Gross | 3.3B | 3.3B | 2.7B | 2.8B | 7.1B | 7.5B | |
Other Liab | 2.4B | 3.4B | 4.3B | 1.5B | 1.4B | 2.7B | |
Accounts Payable | 2.4B | 2.6B | 169.3B | 1.8B | 1.6B | 1.6B | |
Long Term Debt | 15.0B | 15.0B | 11.8B | 13.7B | 16.4B | 12.7B | |
Short Term Investments | 38.0B | 70.9B | 72.7B | 59.9B | 71.8B | 75.4B | |
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 Assets | 1.2B | 795M | 1.3B | 1.9B | 1.9B | 1.0B | |
Property Plant Equipment | 2.8B | 2.1B | 2.7B | 2.2B | 2.5B | 2.6B | |
Good Will | 4.3B | 4.3B | 4.5B | 4.9B | 4.9B | 3.0B | |
Other Current Assets | 8.8B | 40.4B | 41.8B | 15.9B | 29.3B | 44.6B | |
Retained Earnings Total Equity | 18.3B | 18.4B | 20.2B | 21.7B | 24.9B | 13.6B | |
Net Tangible Assets | 15.0B | 16.6B | 15.4B | 10.1B | 11.6B | 13.6B |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck 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 tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Fifth Stock analysis
When running Fifth Third's price analysis, check to measure Fifth Third's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fifth Third is operating at the current time. Most of Fifth Third's value examination focuses on studying past and present price action to predict the probability of Fifth Third's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fifth Third's price. Additionally, you may evaluate how the addition of Fifth Third to your portfolios can decrease your overall portfolio volatility.
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |
Is Fifth Third's industry 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 (0.29) | Dividend Share 1.36 | Earnings Share 3.22 | Revenue Per Share 11.978 | Quarterly Revenue Growth (0.02) |
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.