BETR (Better Home & Finance Holding Co) Inventory Turnover : 0.00 (As of Sep. 2024)

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What is Better Home & Finance Holding Co 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. Better Home & Finance Holding Co's Cost of Goods Sold for the three months ended in Sep. 2024 was $43.20 Mil. Better Home & Finance Holding Co's Average Total Inventories for the quarter that ended in Sep. 2024 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Better Home & Finance Holding Co's Days Inventory for the three months ended in Sep. 2024 was 0.00.

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. Better Home & Finance Holding Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.00.

Better Home & Finance Holding Co Inventory Turnover Historical Data

The historical data trend for Better Home & Finance Holding Co'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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Better Home & Finance Holding Co Inventory Turnover Chart

Better Home & Finance Holding Co Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

863.90

613.51

131.53

Better Home & Finance Holding Co Quarterly Data
	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial						-	-	-	-	-

Better Home & Finance Holding Co Inventory Turnover Calculation

Better Home & Finance Holding Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	149.811	/ (	(1.139	+	0)	/	1 )
=	149.811	/	1.139
=	131.53

Better Home & Finance Holding Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	43.198	/ (	(0	+	0)	/	1 )
=	43.198	/	0
=	N/A

Better Home & Finance Holding Co (NAS:BETR) 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.

Better Home & Finance Holding Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	0	/	43.198	*	365 / 4
	=	0.00

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.

Better Home & Finance Holding Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	0	/	26.747
	=	0.00

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.

Better Home & Finance Holding Co Inventory Turnover Related Terms

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Better Home & Finance Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Better Home & Finance Holding Co (NAS:BETR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

175 Greenwich street, 3 World trade center, 57th floor, New York, NY, USA, 10007

Website

https://www.better.com

Better Home & Finance Holding Co is a digital-first homeownership company whose services include mortgage, real estate, title, and homeowners insurance. The company has combined technology innovation and fresh thinking with a deep customer focus with the goal of revolutionizing the homeownership industry.

Executives

J. Calamari Nicholas	officer: CAO and Senior Counsel	450 PARK AVE, STE. 2702, NEW YORK NY 10022
Thor Bjorgolfsson	director, 10 percent owner, officer: Chairman	430 PARK AVENUE, 2ND FLOOR, NEW YORK NY 10022
Riaz Valani	director, 10 percent owner	C/O OUSTER, INC., 350 TREAT AVENUE, SAN FRANCISCO CA 94110
Sb Management Ltd	10 percent owner	9TH FLOOR, AL SILA TOWER, ADGM SQUARE, AL MARYAH ISLAND, ABU DHABI C0 NA
Softbank Group Corp	10 percent owner	1-7-1 KAIGAN, MINATO-KU, TOKYO M0 105-7537
Kevin J Ryan	officer: Chief Financial Officer	C/O WESLEY JESSEN VISIONCARE INC, 333 EAST HOWARD AVE, DES PLAINES IL 60018-5903
Vishal Garg	director, 10 percent owner, officer: Chief Executive Officer	C/O MRU HOLDINGS, INC., 1114 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Activant Ventures Iii, Lp	director, 10 percent owner	323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 1, Lp	director, 10 percent owner	323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 2, Lp	director, 10 percent owner	323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 3, Lp	director, 10 percent owner	323 RAILROAD AVE., 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 4, Lp	director, 10 percent owner	323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 6, Lp	director, 10 percent owner	323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Paula Tuffin	officer: General Counsel and CCO	3 WORLD TRADE CENTER, 175 GREENWICH ST 57TH FLOOR, NEW YORK NY 10007
Svf Ii Beaver (de) Llc	10 percent owner	300 EL CAMINO REAL, MENLO PARK CA 94025