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


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What is SoFi Technologies Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. SoFi Technologies's Cost of Goods Sold for the six months ended in Jul. 2020 was $0.00 Mil. SoFi Technologies's Average Total Inventories for the quarter that ended in Jul. 2020 was $0.00 Mil.

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

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 Inventory Turnover Historical Data

The historical data trend for SoFi Technologies's Inventory Turnover 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 Inventory Turnover Chart

SoFi Technologies Annual Data
Trend Dec20
Inventory Turnover
-

SoFi Technologies Semi-Annual Data
Jul20
Inventory Turnover -

SoFi Technologies Inventory Turnover Calculation

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

Inventory Turnover (A: . 20 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: . 20 ) / ((Total Inventories (A: . 20 ) + Total Inventories (A: . 20 )) / count )
= / (( + ) / 1 )
= / 0
=N/A

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

Inventory Turnover (Q: Jul. 2020 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jul. 2020 ) / ((Total Inventories (Q: . 20 ) + Total Inventories (Q: Jul. 2020 )) / count )
=0 / (( + 0) / 1 )
=0 / 0
=N/A

* 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.

SoFi Technologies  (NAS:SOFI) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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
=

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 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

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

SoFi Technologies Inventory Turnover 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.