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KAR (Openlane) Total Inventories : $0 Mil (As of Sep. 2024)


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What is Openlane Total Inventories?

Openlane's total inventories for the quarter that ended in Sep. 2024 was $0 Mil. Openlane's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Openlane's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-27.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Openlane's Days Inventory for the three months ended in Sep. 2024 was 0.00.

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Openlane's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.00.


Openlane Total Inventories Historical Data

The historical data trend for Openlane's Total Inventories 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.

Openlane Total Inventories Chart

Openlane Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
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Openlane Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Openlane Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


Openlane  (NYSE:KAR) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Openlane's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

Net-Net Working Capital Per Share (Q: Sep. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(132.1+0.75 * 300+0.5 * 0-3298.7
-0-0)/106.844
=-27.53

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

Openlane'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
=0/252*365 / 4
=0.00

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Openlane's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2024 ) / Average Total Inventories (Q: Sep. 2024 )
=252 / 0
=N/A

4. 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.

Openlane'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 / 448.4
=0.00

* 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


Openlane Total Inventories Related Terms

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Openlane Business Description

Traded in Other Exchanges
Address
11299 North Illinois Street, Carmel, IN, USA, 46032
Openlane Inc offers a digital marketplace for used vehicles. The services comprise financing, repossessions, repairs, transportation, warranty, and inventory services. It operates used-vehicle auctions and offers complete online services for all parties involved. The company has two operating segments which include Marketplace and Finance, of which it generates the majority of the revenue from the Marketplace segment.
Executives
Brad S. Lakhia officer: EVP & CFO 19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259
James P Coyle officer: EVP, Chief Digital Officer 11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Money James E. Ii officer: AFC President 13085 HAMILTON CROSSING BLVD., CARMEL IN 46032
Kelly Peter officer: Pres. & CEO, OPENLANE C/O KAR AUCTION SERVICES, INC., 11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Michael T. Kestner director 13085 HAMILTON CROSSING BLVD., CARMEL IN 46032
J Mark Howell director C/O ANGIE'S LIST, INC., 1030 EAST WASHINGTON STREET, INDIANAPOLIS IN 46202
James P Hallett officer: CEO
Srisu Subrahmanyam officer: Pres KAR Svcs Group, EVP Ops 11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Justin T. Davis officer: President of BacklotCars 11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Scott A Anderson officer: Chief Accounting Officer 11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Mary Ellen Smith director 11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Ignition Acquisition Holdings Gp Llc 10 percent owner C/O APAX PARTNERS L.P., 601 LEXINGTON AVENUE, NEW YORK NY 10022
Ignition Acquisition Holdings Lp 10 percent owner C/O APAX PARTNERS L.P., 601 LEXINGTON AVENUE, NEW YORK NY 10017
Ignition Gp Llc 10 percent owner C/O APAX PARTNERS L.P., 601 LEXINGTON AVENUE, NEW YORK NY 10022
Ignition Parent Lp 10 percent owner C/O APAX PARTNERS L.P., 601 LEXINGTON AVENUE, NEW YORK NY 10022