Market Cap : 168.15 B | Enterprise Value : 198.8 B | PE Ratio : 10.63 | PB Ratio : 1.09 |
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Wells Fargo's Total Assets for the quarter that ended in Jun. 2022 was $1,881,142 Mil.
During the past 12 months, Wells Fargo's average Total Assets Growth Rate was 16.60% per year. During the past 3 years, the average Total Assets Growth Rate was 5.60% per year. During the past 5 years, the average Total Assets Growth Rate was -2.80% per year. During the past 10 years, the average Total Assets Growth Rate was 3.60% per year.
During the past 13 years, Wells Fargo's highest 3-Year average Total Assets Growth Rate was 46.10%. The lowest was -7.20%. And the median was 13.70%.
Total Assets is connected with ROA %. Wells Fargo's annualized ROA % for the quarter that ended in Jun. 2022 was 0.65%. Total Assets is also linked to Revenue through Asset Turnover. Wells Fargo's Asset Turnover for the quarter that ended in Jun. 2022 was 0.01.
The historical data trend for Wells Fargo'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.
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.
Wells Fargo's Total Assets for the fiscal year that ended in Dec. 2021 is calculated as
Total Assets | = | Total Equity (A: Dec. 2021 ) | + | Total Liabilities (A: Dec. 2021 ) |
= | 190110 | + | 1757958 | |
= | 1,948,068 |
Wells Fargo's Total Assets for the quarter that ended in Jun. 2022 is calculated as
Total Assets | = | Total Equity (Q: Jun. 2022 ) | + | Total Liabilities (Q: Jun. 2022 ) |
= | 179793 | + | 1701349 | |
= | 1,881,142 |
* 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.
Total Assets is connected with ROA %.
Wells Fargo's annualized ROA % for the quarter that ended in Jun. 2022 is
ROA % | = | Net Income (Q: Jun. 2022 ) | / | ( (Total Assets (Q: Mar. 2022 ) | + | Total Assets (Q: Jun. 2022 )) | / count ) |
= | 12476 | / | ( (1939709 | + | 1881142) | / 2 ) | |
= | 12476 | / | 1910425.5 | ||||
= | 0.65 % |
Note: The Net Income data used here is four times the quarterly (Jun. 2022) 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.
Wells Fargo's Asset Turnover for the quarter that ended in Jun. 2022 is
Asset Turnover | ||||||
= | Revenue (Q: Jun. 2022 ) | / | ( (Total Assets (Q: Mar. 2022 ) | + | Total Assets (Q: Jun. 2022 )) | / count ) |
= | 17028 | / | ( (1939709 | + | 1881142) | / 2 ) |
= | 17028 | / | 1910425.5 | |||
= | 0.01 |
* 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.
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.
Thank you for viewing the detailed overview of Wells Fargo's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Davis Richard K | director | 800 NICOLLET MALL MINNEAPOLIS MN 55402 |
Norwood Felicia F | director | 120 MONUMENT CIRCLE INDIANAPOLIS IN 46204 |
Morken Cecelia | director | 26025 MUREAU ROAD CALABASAS CA 91302 |
Ling Bei | officer: Sr. Executive Vice President | 30 HUDSON YARDS NEW YORK NY 10001 |
Hranicky Kyle G | officer: Sr. Executive Vice President | 1000 LOUISIANA STREET HOUSTON TX 77002 |
Santos Kleber | officer: Sr. Executive Vice President | 1680 CAPITAL ONE DRIVE MCLEAN VA 22102 |
Williams Ather Iii | officer: Sr. Executive Vice President | 30 HUDSON YARDS NEW YORK NY 10001 |
Santomassimo Michael P. | officer: Sr. EVP & CFO | 225 LIBERTY STREET NEW YORK NY 10286 |
Chancy Mark A | director | 303 PEACHTREE ST. 30TH FLOOR ATLANTA GA 30308 |
Owens Lester | officer: Sr. Executive Vice President | 240 GREENWICH STREET NEW YORK NY 10286 |
Sommers Barry | officer: Sr. Executive Vice President | 30 HUDSON YARDS NEW YORK NY 10001 |
Weinbach Michael S | officer: Sr. Executive Vice President | 30 HUDSON YARDS NEW YORK NY 10001 |
Black Steven D | director | C/O JPMORGAN CHASE & CO. 270 PARK AVENUE NEW YORK NY 10017 |
Carr Muneera S | officer: EVP, CAO & Controller | 1717 MAIN STREET MAIL CODE 6500 DALLAS TX 75201 |
Patterson Ellen R | officer: Sr. EVP and General Counsel | 30 HUDSON YARDS NEW YORK NY 10001 |
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