Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Wells Fargo's annualizedGross Profit for the quarter that ended in Sep. 2022 was $78,020 Mil.
Wells Fargo's average Total Assets over the quarter that ended in Sep. 2022 was $1,879,444 Mil. Therefore, Wells Fargo's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2022 was 4.15%.
Wells Fargo Gross-Profit-to-Asset % Historical Data
The historical data trend for Wells Fargo's Gross-Profit-to-Asset % 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
Gross-Profit-to-Asset %
4.49
4.54
3.83
4.02
3.85
Wells Fargo Quarterly Data
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Gross-Profit-to-Asset %
4.27
3.62
3.57
4.15
4.18
Competitive Comparison
For the Banks - Diversified subindustry, Wells Fargo's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Wells Fargo Gross-Profit-to-Asset % Distribution
For the Banks industry and Financial Services sector, Wells Fargo's Gross-Profit-to-Asset % distribution charts can be found below:
* The bar in red indicates where Wells Fargo's Gross-Profit-to-Asset % falls in comparison to its industry or sector. The grey bar indicates the Gross-Profit-to-Asset %'s extreme value range as defined by GuruFocus.
Wells Fargo Gross-Profit-to-Asset % Calculation
Wells Fargo's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2021 is calculated as:
* 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.
In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Gross Profit data used here is four times the quarterly (Sep. 2022) data.
Gross-Profit-to-Asset % is displayed in the 30-year financial page.
Wells Fargo Gross-Profit-to-Asset % Related Terms
Thank you for viewing the detailed overview of Wells Fargo's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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