Ameriprise Financial (BSP:A1MP34) Scaled Net Operating Assets : -0.28 (As of Mar. 2024)

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What is Ameriprise Financial 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.

Ameriprise Financial's operating assets for the quarter that ended in Mar. 2024 was R$599,463 Mil. Ameriprise Financial's operating liabilities for the quarter that ended in Mar. 2024 was R$842,751 Mil. Ameriprise Financial's Total Assets for the quarter that ended in Dec. 2023 was R$858,401 Mil. Therefore, Ameriprise Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.28.

Ameriprise Financial 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.

Ameriprise Financial'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 )
=	(821338.775	-	807031.358)	/	833242.281
=	0.02

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	858400.862	-	37062.087
=	821338.775

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	835229.707	-	24518.599	-	3679.75
=	807031.358

Ameriprise Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(599463.344	-	842751.472)	/	858400.862
=	-0.28

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	895522.414	-	296059.07
=	599463.344

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	871225.969	-	27473.557	-	1000.94
=	842751.472

* 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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Ameriprise Financial (BSP:A1MP34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ameriprise Financial Inc (BSP:A1MP34) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

AMP:USA AMP:Mexico A4S:Germany

Address

1099 Ameriprise Financial Center, Minneapolis, MN, USA, 55474

Website

https://www.ameriprise.com

Ameriprise Financial has emerged is a major player in the U.S. market for asset and wealth management, with around $1.3 trillion in total assets under management and advisement at the end of the second quarter of 2023. Ameriprise has one of the largest branded advisor networks in the industry, and about 80% of the company's revenue comes from its asset and wealth management segments. Ameriprise has reduced its exposure to insurance with the sale of its auto and home insurance business in 2019 and discontinuing the sale of its proprietary fixed annuities in 2020. Around 90% of the company's pretax earnings are from the United States.