SoFi Technologies (FRA:6B0) Total Assets : €28,801 Mil (As of Mar. 2024)

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What is SoFi Technologies Total Assets?

SoFi Technologies's Total Assets for the quarter that ended in Mar. 2024 was €28,801 Mil.

During the past 12 months, SoFi Technologies's average Total Assets Growth Rate was 34.20% per year. During the past 3 years, the average Total Assets Growth Rate was 51.00% per year.

During the past 6 years, SoFi Technologies's highest 3-Year average Total Assets Growth Rate was 51.00%. The lowest was 37.20%. And the median was 44.10%.

Total Assets is connected with ROA %. SoFi Technologies's annualized ROA % for the quarter that ended in Mar. 2024 was 1.15%. Total Assets is also linked to Revenue through Asset Turnover. SoFi Technologies's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.

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

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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6,560.24

7,039.20

8,121.05

17,943.25

27,578.65

SoFi Technologies Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial													20,971.07	23,593.22	26,214.59	27,578.65	28,801.30

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 Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	5093.922	+	22484.723
	=	27,579

SoFi Technologies's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	5654.301	+	23146.999
	=	28,801

SoFi Technologies (FRA:6B0) Total Assets Explanation

Total Assets is connected with ROA %.

SoFi Technologies's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	324	/	( (27578.645	+	28801.299)	/ 2 )
	=	324	/	28189.972
	=	1.15 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) 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 Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	538.937	/	( (27578.645	+	28801.299)	/ 2 )
=	538.937	/	28189.972
=	0.02

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 (FRA:6B0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SoFi Technologies Inc (FRA:6B0) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

SOFI:USA SOFI:Mexico

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.

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