SoFi Technologies (SoFi Technologies) Days Inventory : 0.00 (As of Jul. 2020)

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What is SoFi Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SoFi Technologies's Average Total Inventories for the six months ended in Jul. 2020 was $0.00 Mil. SoFi Technologies's Cost of Goods Sold for the six months ended in Jul. 2020 was $0.00 Mil.

The historical rank and industry rank for SoFi Technologies's Days Inventory or its related term are showing as below:

SOFI's Days Inventory is not ranked ^*
in the Credit Services industry.
Industry Median: 40.39
* Ranked among companies with meaningful Days Inventory only.

SoFi Technologies's Days Inventory stayed the same from . 20 (0.00) to Jul. 2020 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

SoFi Technologies Days Inventory Historical Data

The historical data trend for SoFi Technologies's Days Inventory 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.

SoFi Technologies Days Inventory Chart

SoFi Technologies Annual Data

Trend

Dec20

Days Inventory

SoFi Technologies Semi-Annual Data
	Jul20
Days Inventory	-

Competitive Comparison of SoFi Technologies's Days Inventory

For the Credit Services subindustry, SoFi Technologies's Days Inventory, along with its competitors' market caps and Days Inventory 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.

SoFi Technologies's Days Inventory Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, SoFi Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where SoFi Technologies's Days Inventory falls into.

SoFi Technologies Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

SoFi Technologies's Days Inventory for the fiscal year that ended in . 20 is calculated as

	Days Inventory (A: . 20 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: . 20 )	+	Total Inventories (A: . 20 ))	/	count )	/	Cost of Goods Sold (A: . 20 )	*	Days in Period
=	( (	+	)	/	1 )	/		*	365
=	0					/		*	365
=	N/A

SoFi Technologies's Days Inventory for the quarter that ended in Jul. 2020 is calculated as:

	Days Inventory (Q: Jul. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: . 20 )	+	Total Inventories (Q: Jul. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Jul. 2020 )	*	Days in Period
=	( (	+	0)	/	1 )	/	0	*	365 / 2
=	0					/	0	*	365 / 2
=	N/A

SoFi Technologies (NAS:SOFI) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

SoFi Technologies's Inventory Turnover for the six months ended in Jul. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	0
	=

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

SoFi Technologies's Inventory to Revenue for the six months ended in Jul. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0
	=

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

SoFi Technologies Days Inventory 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 » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

317 University Avenue, Suite 200, Palo Alto, CA, USA, 94301

Website

https://www.sofi.com

SoFi Technologies Inc helps people achieve financial independence to realize their ambitions. Its products include SoFi Money, SoFi Invest, Student Loan Refinancing, Private Student Loans, Personal Loans, Home Loans, SoFi Relay, SoFi Protect among others. The company's product gives over two million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people.