SoFi Technologies (SoFi Technologies) Total Assets : $0.13 Mil (As of Jul. 2020)

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What is SoFi Technologies Total Assets?

SoFi Technologies's Total Assets for the quarter that ended in Jul. 2020 was $0.13 Mil.

Total Assets is connected with ROA %. SoFi Technologies's annualized ROA % for the quarter that ended in Jul. 2020 was %. Total Assets is also linked to Revenue through Asset Turnover. SoFi Technologies's Asset Turnover for the quarter that ended in Jul. 2020 was .

SoFi Technologies Total Assets Historical Data

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

SoFi Technologies Annual Data

Trend

Dec20

Total Assets

806.08

SoFi Technologies Semi-Annual Data
	Jul20
Total Assets	0.13

SoFi Technologies Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

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

Total Assets	=	Total Equity (A: . 20 )	+	Total Liabilities (A: . 20 )
	=	N/A	+	N/A
	=	N/A

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

Total Assets	=	Total Equity (Q: Jul. 2020 )	+	Total Liabilities (Q: Jul. 2020 )
	=	0.02	+	0.11
	=	0.13

SoFi Technologies (NAS:SOFI) Total Assets Explanation

Total Assets is connected with ROA %.

SoFi Technologies's annualized ROA % for the quarter that ended in Jul. 2020 is

ROA %	=	Net Income (Q: Jul. 2020 )	/	( (Total Assets (Q: . 20 )	+	Total Assets (Q: Jul. 2020 ))	/ count )
	=		/	( (	+	)	/ )
	=		/
	=	%

Note: The Net Income data used here is one times the annual (Jul. 2020) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

SoFi Technologies's Asset Turnover for the quarter that ended in Jul. 2020 is

	Asset Turnover
=	Revenue (Q: Jul. 2020 )	/	( (Total Assets (Q: . 20 )	+	Total Assets (Q: Jul. 2020 ))	/ count )
=		/	( (	+	)	/ )
=		/
=

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

SoFi Technologies Total Assets 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 » Total Assets

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.