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Wells Fargo (NYSE:WFC) Accounts Receivable

: $29,367 Mil (As of Sep. 2022)
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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Wells Fargo's accounts receivables for the quarter that ended in Sep. 2022 was $29,367 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Wells Fargo's Days Sales Outstanding for the quarter that ended in Sep. 2022 was 137.39.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Wells Fargo's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was $-402.86.


Wells Fargo Accounts Receivable Historical Data

The historical data trend for Wells Fargo's Accounts Receivable can be seen below:

* 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.

* Premium members only.

Wells Fargo Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40,365.00 32,237.00 40,954.00 22,781.00 -

Wells Fargo Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Accounts Receivable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22,781.00 27,286.00 32,958.00 29,367.00 -

Wells Fargo Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Wells Fargo Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Wells Fargo's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=29367/19505*91
=137.39

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Wells Fargo's accounts receivable are only considered to be worth 75% of book value:

Wells Fargo's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2022 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(170573+0.75 * 29367+0.5 * 0-1699336
-20057-2220)/3795.44
=-402.86

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Wells Fargo Accounts Receivable Related Terms

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Wells Fargo (NYSE:WFC) Business Description

Wells Fargo logo
Address
420 Montgomery Street, San Francisco, CA, USA, 94104
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.
Executives
Kristy Fercho officer: Sr. Executive Vice President 5151 CORPORATE DRIVE, TROY MI 48098
Richard K Davis director 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Felicia F Norwood director 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Cecelia Morken director 26025 MUREAU ROAD, CALABASAS CA 91302
Bei Ling officer: Sr. Executive Vice President 30 HUDSON YARDS, NEW YORK NY 10001
Kyle G Hranicky officer: Sr. Executive Vice President 1000 LOUISIANA STREET, HOUSTON TX 77002
Kleber Santos officer: Sr. Executive Vice President 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Ather Iii Williams officer: Sr. Executive Vice President 30 HUDSON YARDS, NEW YORK NY 10001
Michael P. Santomassimo officer: Sr. EVP & CFO 225 LIBERTY STREET, NEW YORK NY 10286
Mark A Chancy director 303 PEACHTREE ST., 30TH FLOOR, ATLANTA GA 30308
Lester Owens officer: Sr. Executive Vice President 240 GREENWICH STREET, NEW YORK NY 10286
Barry Sommers officer: Sr. Executive Vice President 30 HUDSON YARDS, NEW YORK NY 10001
Michael S Weinbach officer: Sr. Executive Vice President 30 HUDSON YARDS, NEW YORK NY 10001
Steven D Black director C/O JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Muneera S Carr officer: EVP, CAO & Controller 1717 MAIN STREET, MAIL CODE 6500, DALLAS TX 75201

Wells Fargo (NYSE:WFC) Headlines

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