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WFCPY.PFD (Wells Fargo) Scaled Net Operating Assets : 0.02 (As of Sep. 2024)


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What is Wells Fargo 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.

Wells Fargo's operating assets for the quarter that ended in Sep. 2024 was $1,571,877.00 Mil. Wells Fargo's operating liabilities for the quarter that ended in Sep. 2024 was $1,540,749.00 Mil. Wells Fargo's Total Assets for the quarter that ended in Jun. 2024 was $1,940,073.00 Mil. Therefore, Wells Fargo's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.02.

Wells Fargo 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.

Wells Fargo'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 )
=(1695249-1525554)/1881020
=0.09

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1932468 - 237219
=1695249

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1745025 - 207588 - 11883
=1525554

Wells Fargo'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 )
=(1571877-1540749)/1940073
=0.02

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1922125 - 350248
=1571877

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1737114 - 182015 - 14350
=1540749

* 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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Wells Fargo Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Wells Fargo & Co (NYSE:WFCpY.PFD) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
WFCpD.PFD:USA WFCpC.PFD:USA WFCpA.PFD:USA WFCpZ.PFD:USA WFCNP.PFD:USA WFCpL.PFD:USA WFC:USA WFC:Peru WFC:Mexico 1WFC:Italy NWTd:UK 0R2F:UK NWT:Germany NWT:Germany NWT:Germany NWT:Germany WFC:Chile WFCO34:Brazil WFC:Austria WFC:Argentina
Address
420 Montgomery Street, San Francisco, CA, USA, 94104
Website
https://www.wellsfargo.com
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has 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.