SoFi Technologies (SoFi Technologies) Change In Receivables : $0 Mil (TTM As of Mar. 2024)

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What is SoFi Technologies Change In Receivables?

SoFi Technologies's change in receivables for the quarter that ended in Mar. 2024 was $0 Mil. It means SoFi Technologies's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

SoFi Technologies's change in receivables for the fiscal year that ended in Dec. 2023 was $0 Mil. It means SoFi Technologies's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

SoFi Technologies's Accounts Receivable for the quarter that ended in Mar. 2024 was $0 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. SoFi Technologies's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. SoFi Technologies's liquidation value for the three months ended in Mar. 2024 was $-20,628 Mil.

SoFi Technologies Change In Receivables Historical Data

The historical data trend for SoFi Technologies's Change In Receivables 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.

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SoFi Technologies Change In Receivables Chart

SoFi Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-2.67

1.12

1.40

SoFi Technologies Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial													-	-	-	-	-

SoFi Technologies Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

SoFi Technologies (NAS:SOFI) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

SoFi Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	585.801	*	91
=	0.00

2. In Ben Graham's calculation of liquidation value, SoFi Technologies's accounts receivable are only considered to be worth 75% of book value:

SoFi Technologies's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	4531.896	-	25159.781	+	0.75 * 0	+	0.5 * 0
=	-20,628

SoFi Technologies Change In Receivables Related Terms

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SoFi Technologies (SoFi Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SoFi Technologies Inc (NAS:SOFI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

SOFI:Mexico 6B0:Germany 6B0:Germany

Address

234 1st Street, San Francisco, CA, USA, 94105

Website

https://www.sofi.com

SoFi is a financial-services company that was founded in 2011 and is based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its clients' finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020, the company also offers payment and account services for debit cards and digital banking.

Executives

Jeremy Rishel	officer: Chief Technology Officer	234 1ST STREET, SAN FRANCISCO CA 94105
Anthony Noto	director, officer: Chief Executive Officer	C/O SOFI TECHNOLOGIES, INC., 234 1ST STREET, SAN FRANCISCO CA 94105
Christopher Lapointe	officer: Chief Financial Officer	234 1ST ST, SAN FRANCISCO CA 94105
Webb Lauren Stafford	officer: Chief Marketing Officer	234 1ST ST, SAN FRANCISCO CA 94105
Aaron Webster	officer: Chief Risk Officer	234 1ST ST, SAN FRANCISCO CA 94105
Chad M Borton	officer: President - SoFi Bank	38 FOUNTAIN SQUARE PLAZA, MD 10AT76, CINCINNATI OH 45263
Hele John C.r.	director	WESSEX HOUSE, 4TH FLOOR, 45 REID STREET, HAMILTON D0 HM 12
Robert S Lavet	officer: General Counsel and Secretary	12061 BLUEMONT WAY, RESTON VA 20190
Softbank Group Corp	director, 10 percent owner	1-7-1 KAIGAN, MINATO-KU, TOKYO M0 105-7537
Michelle Gill	officer: EVP & Group Business Leader	16 FUNSTON AVENUE, SUITE A, THE PRESIDIO OF SAN FRANCISCO, SAN FRANCISCO CA 94129
Harvey M Schwartz	director	C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Micah Heavener	officer: Head of Operations	234 1ST ST, SAN FRANCISCO CA 94105
George Thompson Hutton	director	C/O WHITE MOUNTAINS INSURANCE GROUP, LTD, 80 SOUTH MAIN STREET, HANOVER NH 03755
Investment Authority Qatar	director	P.O. BOX 23224, DOHA S3 QATAR
Thomas Clayton Wilkes	director, officer: CEO - Galileo	234 1ST ST, SAN FRANCISCO CA 94015