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U.S. Bancorp (BUE:USB) Scaled Net Operating Assets : -0.03 (As of Sep. 2024)


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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 Sep. 2024 was ARS504,533,932 Mil. U.S. Bancorp's operating liabilities for the quarter that ended in Sep. 2024 was ARS521,445,228 Mil. U.S. Bancorp's Total Assets for the quarter that ended in Jun. 2024 was ARS608,991,930 Mil. Therefore, U.S. Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.03.

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 )
=(217429939.196-196667385.176)/113131055.12
=0.18

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=239520251.216 - 22090312.02
=217429939.196

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=219386920.197 - 18584280.017 - 4135255.004
=196667385.176

U.S. Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Jun. 2024 )
=(504533932.326-521445227.582)/608991930.291
=-0.03

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=652488755.823 - 147954823.497
=504533932.326

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=596104147.801 - 52124467.209 - 22534453.01
=521445227.582

* 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 Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » U.S. Bancorp (BUE:USB) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
USBpS.PFD:USA USBpQ.PFD:USA USBpP.PFD:USA USBpH.PFD:USA USBpA.PFD:USA USB:USA USB:Mexico 1USB:Italy 0LHY:UK UB5:Germany UB5:Germany UB5:Germany UB5:Germany USBC34:Brazil USBC:Austria
Address
800 Nicollet Mall, Minneapolis, MN, USA, 55402
Website
https://www.usbank.com
With assets of around $680 billion, U.S. Bancorp is one of the largest regional banks in the us with its footprint in 26 states. The bank's branch network is mostly in the midwestern and western markets. U.S. Bancorp has a comprehensive product set, with offerings in retail and commercial banking, credit cards, mortgages, payment services, trust, and wealth services.