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OPEN (Opendoor Technologies) Total Inventories : $2,159 Mil (As of Dec. 2024)


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What is Opendoor Technologies Total Inventories?

Opendoor Technologies's total inventories for the quarter that ended in Dec. 2024 was $2,159 Mil. Opendoor Technologies's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $2,152 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Opendoor Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Opendoor Technologies's Days Inventory for the three months ended in Dec. 2024 was 196.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. Opendoor Technologies's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.46.

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. Opendoor Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.99.


Opendoor Technologies Total Inventories Historical Data

The historical data trend for Opendoor Technologies'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.

Opendoor Technologies Total Inventories Chart

Opendoor Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Total Inventories
Get a 7-Day Free Trial 466.00 6,096.00 4,460.00 1,775.00 2,159.00

Opendoor Technologies Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,775.00 1,881.00 2,234.00 2,145.00 2,159.00

Opendoor Technologies 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.


Opendoor Technologies  (NAS:OPEN) 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.

Opendoor Technologies's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is

Net-Net Working Capital Per Share (Q: Dec. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(679+0.75 * 0+0.5 * 2159-2413
-0-0)/719.990
=-0.91

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

Opendoor Technologies's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2024 )/Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=2152/999*365 / 4
=196.57

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

Opendoor Technologies's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2024 ) / Average Total Inventories (Q: Dec. 2024 )
=999 / 2152
=0.46

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.

Opendoor Technologies's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2024 ) / Revenue (Q: Dec. 2024 )
=2152 / 1084
=1.99

* 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.


Opendoor Technologies Total Inventories Related Terms

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Opendoor Technologies Business Description

Traded in Other Exchanges
Address
410 N. Scottsdale Road, Suite 1600, Tempe, AZ, USA, 85288
Opendoor Technologies Inc is an end-to-end real estate platform enabling customers to sell and buy a home online. Its product offerings include Sell to Opendoor, its core product where sellers sell their homes directly to the company, and it resells those homes to buyers; List with Opendoor, for customers to list their homes with a partner agent; and Opendoor Marketplace, a capital light marketplace offering that connects home sellers with both institutional and retail buyers. In addition to these products, the company also offers its customers integrated title insurance and escrow services through its subsidiaries. A vast majority of the company's revenue is generated by its core product offering, where it acquires homes directly from sellers and resells those homes to buyers.
Executives
Sydney Schaub officer: Chief Legal Officer OPENDOOR TECHNOLOGIES INC., 410 N. SCOTTSDALE ROAD, SUITE 1600, TEMPE AZ 85281
Carrie Wheeler officer: CFO 500 VOLVO PARKWAY, CHESAPEAKE VA 23320
Megan D. Meyer officer: President, Sell Direct & Svcs. C/O OPENDOOR TECHNOLOGIES, INC., 410 N. SCOTTSDALE ROAD, SUITE 1600, TEMPE AZ 85281
Christina Schwartz officer: See Remarks C/O OPENDOOR TECHNOLOGIES, INC., 410 N. SCOTTSDALE ROAD, SUITE 1600, TEMPE AZ 85281
Glenn Solomon director C/O GGV CAPITAL, 3000 SAND HILL ROAD, SUITE 4-230, MENLO PARK CA 94025
Dana Hamilton director C/O ARCHSTONE-SMITH TRUST, 9200 E. PANORAMA CIRCLE, SUITE 400, ENGLEWOOD CO 80112
Eric Chung-wei Wu director, officer: CEO C/O OPENDOOR TECHNOLOGIES INC., 1 POST STREET, FLOOR 11, SAN FRANCISCO CA 94104
Daniel Morillo officer: Chief Investment Officer C/O OPENDOOR TECHNOLOGIES INC., 1 POST STREET, FLOOR 11, SAN FRANCISCO CA 94104
Low Ah Kee Andrew officer: President C/O GODADDY INC., 14455 N. HAYDEN RD., SCOTTSDALE AZ 85260
Pueo Keffer director C/O OPENDOOR TECHNOLOGIES INC., 1 POST STREET, FLOOR 11, SAN FRANCISCO CA 94104
Svf Excaliber (cayman) Ltd 10 percent owner 27 HOSPITAL ROAD, WALKERS CORPORATE LTD., CAYMAN CORPORATE CENTRE, GEORGE TOWN, GRAND CAYMAN E9 KY-9008
Elizabeth Ann Stevens officer: Head of Legal C/O OPENDOOR TECHNOLOGIES INC., 1 POST STREET, FLOOR 11, SAN FRANCISCO CA 94104
Rice E. John Jr director 7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA MD 20814
Jason Kilar director 208 S. AKARD ST, DALLAS TX 75202
Jonathan M Jaffe director LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172