Opendoor Technologies (Opendoor Technologies) Days Payable : 3.95 (As of Dec. 2023)

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Opendoor Technologies's average Accounts Payable for the three months ended in Dec. 2023 was $35 Mil. Opendoor Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $798 Mil. Hence, Opendoor Technologies's Days Payable for the three months ended in Dec. 2023 was 3.95.

The historical rank and industry rank for Opendoor Technologies's Days Payable or its related term are showing as below:

OPEN' s Days Payable Range Over the Past 10 Years
Min: 0.1 Med: 0.2 Max: 2.44
Current: 2.44

During the past 6 years, Opendoor Technologies's highest Days Payable was 2.44. The lowest was 0.10. And the median was 0.20.

OPEN's Days Payable is ranked worse than
98.28% of 1571 companies
in the Real Estate industry
Industry Median: 97.02 vs OPEN: 2.44

Opendoor Technologies's Days Payable increased from Dec. 2022 (3.50) to Dec. 2023 (3.95). It may suggest that Opendoor Technologies delayed paying its suppliers.

Opendoor Technologies Days Payable Historical Data

The historical data trend for Opendoor Technologies's Days Payable 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 Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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0.53

0.73

0.15

0.10

0.20

Opendoor Technologies Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial													3.50	1.27	3.55	6.81	3.95

Competitive Comparison

For the Real Estate Services subindustry, Opendoor Technologies's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Opendoor Technologies Days Payable Distribution

For the Real Estate industry and Real Estate sector, Opendoor Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Opendoor Technologies's Days Payable falls into.

Opendoor Technologies Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Opendoor Technologies's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (5	+	2)	/	2 )	/	6459	*	365
=	3.5					/	6459	*	365
=	0.20

Opendoor Technologies's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (67	+	2)	/	2 )	/	798	*	365 / 4
=	34.5					/	798	*	365 / 4
=	3.95

Opendoor Technologies Days Payable Related Terms

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Opendoor Technologies (Opendoor Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Opendoor Technologies Inc (NAS:OPEN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

OPEN1:Mexico 25M:Germany

Address

410 N. Scottsdale Road, Suite 1600, Tempe, AZ, USA, 85281

Website

https://www.opendoor.com

Opendoor Technologies Inc is a digital platform for residential real estate. This platform enables customers to buy and sell houses online. It generates revenue through home sales, along with other revenue from real estate services.

Executives

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
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
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
Glenn Solomon	director	C/O GGV CAPITAL, 3000 SAND HILL ROAD, SUITE 4-230, MENLO PARK CA 94025
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