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SoFi Technologies (SoFi Technologies) Total Inventories : $0.00 Mil (As of Jul. 2020)


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What is SoFi Technologies Total Inventories?

SoFi Technologies's total inventories for the quarter that ended in Jul. 2020 was $0.00 Mil. SoFi Technologies's average total inventories from the quarter that ended in . 20 to the quarter that ended in Jul. 2020 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. SoFi Technologies's Net-Net Working Capital per share for the quarter that ended in Jul. 2020 was $N/A.

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

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 Total Inventories Historical Data

The historical data trend for SoFi Technologies's Total Inventories 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 Total Inventories Chart

SoFi Technologies Annual Data
Trend Dec20
Total Inventories
-

SoFi Technologies Semi-Annual Data
Jul20
Total Inventories -

SoFi Technologies Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

SoFi Technologies  (NAS:SOFI) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

SoFi Technologies's Net-Net Working Capital Per Share for the quarter that ended in Jul. 2020 is

Net-Net Working Capital Per Share (Q: Jul. 2020 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.1+0.75 * 0+0.5 * 0-0.11
-0-0)/0
=N/A

2. 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 six months ended in Jul. 2020 is calculated as:

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

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

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

Inventory Turnover=Cost of Goods Sold (Q: Jul. 2020 ) / Average Total Inventories (Q: Jul. 2020 )
=0 / 0
=N/A

4. 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 quarter that ended in Jul. 2020 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jul. 2020 ) / Revenue (Q: Jul. 2020 )
=0 / 0
=

* 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.

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

SoFi Technologies Total Inventories Related Terms

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SoFi Technologies (SoFi Technologies) Business Description

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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.