Bank of Nova Scotia (Bank of Nova Scotia) Total Assets

: $1,037,686 Mil (As of Jan. 2024)

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Bank of Nova Scotia's Total Assets for the quarter that ended in Jan. 2024 was $1,037,686 Mil.

Warning Sign:

If a company builds assets at 7% a year, faster than its revenue growth rate of 2.7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Bank of Nova Scotia's average Total Assets Growth Rate was 1.10% per year. During the past 3 years, the average Total Assets Growth Rate was 7.60% per year. During the past 5 years, the average Total Assets Growth Rate was 7.00% per year. During the past 10 years, the average Total Assets Growth Rate was 6.60% per year.

During the past 13 years, Bank of Nova Scotia's highest 3-Year average Total Assets Growth Rate was 17.30%. The lowest was -0.20%. And the median was 7.80%.

Total Assets is connected with ROA %. Bank of Nova Scotia's annualized ROA % for the quarter that ended in Jan. 2024 was 0.63%. Total Assets is also linked to Revenue through Asset Turnover. Bank of Nova Scotia's Asset Turnover for the quarter that ended in Jan. 2024 was 0.01.

Bank of Nova Scotia Total Assets Historical Data

The historical data trend for Bank of Nova Scotia's Total Assets 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.

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Bank of Nova Scotia Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Assets

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823,535.52

859,786.66

952,906.55

985,768.14

1,028,871.79

Bank of Nova Scotia Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															1,024,018.78	1,018,390.69	1,056,769.36	1,028,871.79	1,037,686.06

Bank of Nova Scotia Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Bank of Nova Scotia's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (A: Oct. 2023 )	+	Total Liabilities (A: Oct. 2023 )
	=	57370.916	+	971500.875
	=	1,028,872

Bank of Nova Scotia's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	59935.931	+	977750.13
	=	1,037,686

Bank of Nova Scotia (NYSE:BNS) Total Assets Explanation

Total Assets is connected with ROA %.

Bank of Nova Scotia's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	6478.432	/	( (1028871.791	+	1037686.061)	/ 2 )
	=	6478.432	/	1033278.926
	=	0.63 %

Note: The Net Income data used here is four times the quarterly (Jan. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Bank of Nova Scotia's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	6248.231	/	( (1028871.791	+	1037686.061)	/ 2 )
=	6248.231	/	1033278.926
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Bank of Nova Scotia Total Assets Related Terms

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Bank of Nova Scotia (Bank of Nova Scotia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Nova Scotia (NYSE:BNS) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

BNSPF.PFD:USA BNS:Mexico BKN:Germany BKN:Germany BNS.PR.I.PFD:Canada BNS:Canada

Address

1709 Hollis Street, Scotia Plaza, 8th floor, Halifax, NS, CAN, B3J 1W1

Website

https://www.scotiabank.com

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank's international operations span numerous countries and are more concentrated in Central and South America.