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U.S. Bancorp (LTS:0LHY) Scaled Net Operating Assets : -0.02 (As of Dec. 2023)


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What is U.S. Bancorp 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.

U.S. Bancorp's operating assets for the quarter that ended in Dec. 2023 was $532,859 Mil. U.S. Bancorp's operating liabilities for the quarter that ended in Dec. 2023 was $544,785 Mil. U.S. Bancorp's Total Assets for the quarter that ended in Sep. 2023 was $668,039 Mil. Therefore, U.S. Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.02.

U.S. Bancorp 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.

U.S. Bancorp'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 )
=(602299-544785)/674805
=0.09

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=663491 - 61192
=602299

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=607720 - 51480 - 11455
=544785

U.S. Bancorp'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 )
=(532859-544785)/668039
=-0.02

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=663491 - 130632
=532859

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=607720 - 51480 - 11455
=544785

* 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.

U.S. Bancorp Scaled Net Operating Assets Related Terms

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U.S. Bancorp (LTS:0LHY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » U.S. Bancorp (LTS:0LHY) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
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Address
800 Nicollet Mall, Minneapolis, MN, USA, 55402
Website
https://www.usbank.com
As a diversified financial-services provider, U.S. Bancorp is one of the nation's largest regional banks, with branches in roughly 26 states, primarily in the Western and Midwestern United States. The bank offers many services, including retail banking, commercial banking, trust and wealth services, credit cards, mortgages, and other payments capabilities.