SoFi Technologies (SoFi Technologies) Accounts Receivable

: $170 Mil (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SoFi Technologies's accounts receivables for the quarter that ended in Dec. 2023 was $170 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SoFi Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 25.80.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SoFi Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-21.65.

SoFi Technologies Accounts Receivable Historical Data

The historical data trend for SoFi Technologies's Accounts Receivable 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 Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

12.15

23.28

85.52

127.05

169.85

SoFi Technologies Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable													127.05	-	-	-	169.85

SoFi Technologies Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

SoFi Technologies Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

SoFi Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	169.852	/	600.83	*	91
=	25.80

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), SoFi Technologies's accounts receivable are only considered to be worth 75% of book value:

SoFi Technologies's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3585.962	+	0.75 * 169.852	+	0.5 * 0	-	24519.872
-	320.374	-	0)	/	975.862
=	-21.65

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

SoFi Technologies Accounts Receivable Related Terms

Thank you for viewing the detailed overview of SoFi Technologies's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

SoFi Technologies (SoFi Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SoFi Technologies Inc (NAS:SOFI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

SOFI:Mexico 6B0:Germany 6B0:Germany

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.

Executives

Jeremy Rishel	officer: Chief Technology Officer	234 1ST STREET, SAN FRANCISCO CA 94105
Anthony Noto	director, officer: Chief Executive Officer	C/O SOFI TECHNOLOGIES, INC., 234 1ST STREET, SAN FRANCISCO CA 94105
Christopher Lapointe	officer: Chief Financial Officer	234 1ST ST, SAN FRANCISCO CA 94105
Webb Lauren Stafford	officer: Chief Marketing Officer	234 1ST ST, SAN FRANCISCO CA 94105
Aaron Webster	officer: Chief Risk Officer	234 1ST ST, SAN FRANCISCO CA 94105
Chad M Borton	officer: President - SoFi Bank	38 FOUNTAIN SQUARE PLAZA, MD 10AT76, CINCINNATI OH 45263
Hele John C.r.	director	WESSEX HOUSE, 4TH FLOOR, 45 REID STREET, HAMILTON D0 HM 12
Robert S Lavet	officer: General Counsel and Secretary	12061 BLUEMONT WAY, RESTON VA 20190
Softbank Group Corp	director, 10 percent owner	1-7-1 KAIGAN, MINATO-KU, TOKYO M0 105-7537
Michelle Gill	officer: EVP & Group Business Leader	16 FUNSTON AVENUE, SUITE A, THE PRESIDIO OF SAN FRANCISCO, SAN FRANCISCO CA 94129
Harvey M Schwartz	director	C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Micah Heavener	officer: Head of Operations	234 1ST ST, SAN FRANCISCO CA 94105
George Thompson Hutton	director	C/O WHITE MOUNTAINS INSURANCE GROUP, LTD, 80 SOUTH MAIN STREET, HANOVER NH 03755
Investment Authority Qatar	director	P.O. BOX 23224, DOHA S3 QATAR
Thomas Clayton Wilkes	director, officer: CEO - Galileo	234 1ST ST, SAN FRANCISCO CA 94015