Commerce Bancshares (Commerce Bancshares) Scaled Net Operating Assets : -0.30 (As of Dec. 2023)

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What is Commerce Bancshares Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Commerce Bancshares's operating assets for the quarter that ended in Dec. 2023 was $19,334 Mil. Commerce Bancshares's operating liabilities for the quarter that ended in Dec. 2023 was $28,735 Mil. Commerce Bancshares's Total Assets for the quarter that ended in Sep. 2023 was $31,377 Mil. Therefore, Commerce Bancshares's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.30.

Commerce Bancshares Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Commerce Bancshares's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(29018.904	-	28735.427)	/	31875.931
=	0.01

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	31701.061	-	2682.157
=	29018.904

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	28736.831	-	1.404	-	0
=	28735.427

Commerce Bancshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(19334.144	-	28735.427)	/	31376.692
=	-0.30

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	31701.061	-	12366.917
=	19334.144

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	28736.831	-	1.404	-	0
=	28735.427

* 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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Commerce Bancshares (Commerce Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Commerce Bancshares Inc (NAS:CBSH) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

CB5:Germany

Address

1000 Walnut, Kansas City, MO, USA, 64106

Website

https://www.commercebank.com

Commerce Bancshares Inc. is a $22 billion regional bank that provides a diversified line of financial services, including business and personal banking, wealth management, financial planning, and investments through its affiliated companies. Commerce Bank operates in more than 200 locations in the central United States. Commerce Bancshares also has operating subsidiaries involved in mortgage banking, leasing, credit-related insurance, venture capital, and real estate activities.

Executives

David W Kemper	director, officer: Chairman, CEO and President	PO BOX 419248, KANSAS CITY MO 64141-6248
Blackford F Brauer	director	P.O. BOX 419248, KANSAS CITY MO 64141-6248
Paula S Petersen	officer: Senior Vice President	PO BOX 419248, KANSAS CITY MO 64141-6248
Patricia R Kellerhals	officer: Senior Vice President	PO BOX 419248, KANSAS CITY MO 64141-6248
Derrick Brooks	officer: Senior Vice President	COMMERCE BANK, PO BOX 419248, KANSAS CITY MO 64141-6248
Douglas D Neff	officer: Senior Vice President	PO BOX 419248, KANSAS CITY MO 64141-6248
John W Kemper	officer: Senior Vice President	PO BOX 419248, KANSAS CITY MO 64141-6248
David L. Roller	officer: Senior Vice President	PO BOX 419248, KANSAS CITY MO 64141-6248
Rassieur Benjamin F Iii	director	PO BOX 419248, KANSAS CITY MO 64141-6248
Thomas J Noack	officer: Senior Vice President	P.O. BOX 419248, KANSAS CITY MO 64141-6248
Robert S Holmes	officer: Executive Vice President	PO BOX 419248, KANSAS CITY MO 64141-6248
William Kyle Chapman	director	P.O. BOX 419248, KANSAS CITY MO 64141-6248
Christine B Taylor-broughton	director	P.O. BOX 419248, KANSAS CITY MO 64141-6248
June Mcallister Fowler	director	P.O. BOX 419248, KANSAS CITY MO 64141-6248
Kim L Jakovich	officer: Senior Vice President	P.O. BOX 419248, KANSAS CITY MO 64141-6248