Offerpad Solutions (Offerpad Solutions) Total Inventories : $266.1 Mil (As of Mar. 2024)

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What is Offerpad Solutions Total Inventories?

Offerpad Solutions's total inventories for the quarter that ended in Mar. 2024 was $266.1 Mil. Offerpad Solutions's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $271.3 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Offerpad Solutions's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-2.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Offerpad Solutions's Days Inventory for the three months ended in Mar. 2024 was 94.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. Offerpad Solutions's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.97.

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. Offerpad Solutions's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.95.

Offerpad Solutions Total Inventories Historical Data

The historical data trend for Offerpad Solutions'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.

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Offerpad Solutions Total Inventories Chart

Offerpad Solutions Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

171.36

1,132.57

664.70

276.50

Offerpad Solutions Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial											172.65	211.12	289.60	276.50	266.11

Offerpad Solutions 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.

Offerpad Solutions (NYSE:OPAD) 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.

Offerpad Solutions's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(68.55	+	0.75 * 4.347	+	0.5 * 266.107	-	281.625
-	0	-	0)	/	27.3002
=	-2.81

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

Offerpad Solutions's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	271.3035	/	262.763	*	365 / 4
	=	94.22

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

Offerpad Solutions's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	262.763	/	271.3035
	=	0.97

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.

Offerpad Solutions's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	271.3035	/	285.358
	=	0.95

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.

Offerpad Solutions Total Inventories Related Terms

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Offerpad Solutions (Offerpad Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Offerpad Solutions Inc (NYSE:OPAD) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

2150 E. Germann Road, Suite 1, Chandler, AZ, USA, 85286

Website

https://www.offerpad.com

Offerpad Solutions Inc provides a way to buy and sell a home. It uses technology-enabled solutions to remake the home selling and buying experience by offering customers the convenience, control, and certainty to solve their housing needs. It combines fundamental real estate expertise with the data-driven digital Solutions Center platform to give users a holistic, customer-centric experience, enabling them to efficiently sell and buy their homes online with streamlined access to other services including mortgage, listing, and buyer representation services.

Executives

Jawad A Ahsan	officer: Chief Financial Officer	17800 N 85TH ST, SCOTTSDALE AZ 85255
Roberto Marco Sella	director	2400 MARKET STREET, SUITE 302, PHILADELPHIA PA 19103
Kenneth D Degiorgio	director
Ryan Ohara	director	6922 HOLLYWOOD BLVD., 12TH FL, LOS ANGELES CA 90028
Stephen Michael Johnson	officer: Chief Operating Officer	C/O OFFERPAD SOLUTIONS INC., 2150 E GERMAN ROAD, SUITE 1, CHANDLER AZ 85286
Benjamin Adam Aronovitch	officer: Chief Legal Officer	C/O OFFERPAD SOLUTIONS INC., 2150 E GERMAN ROAD, SUITE 1, CHANDLER AZ 85286
Brian Bair	director, officer: Chief Executive Officer	C/O OFFERPAD SOLUTIONS INC., 2150 E GERMAN ROAD, SUITE 1, CHANDLER AZ 85286
Katherine Curnutte	director	4301 50TH STREET, N.W., SUITE 300, PMB 1044, WASHINGTON DC 20007
Ll Capital Partners I, L.p.	10 percent owner	C/O LL FUNDS, LLC, 2400 MARKET STREET, SUITE 302, PHILADELPHIA PA 19103
Michael S. Burnett	officer: Chief Financial Officer	8601 NORTH SCOTTSDALE ROAD, SUITE 225, SCOTTSDALE AZ 85253
First American Financial Corp	10 percent owner	1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Sheryl Palmer	director	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Supernova Partners Llc	10 percent owner	4520 DEXTER STREET, N.W., WASHINGTON DC 20007
Michael S. Clifton	officer: Chief Financial Officer	C/O SUPERNOVA PARTNERS ACQUISITION CO., 4520 DEXTER STREET, N.W., WASHINGTON DC 20007
Gregg Renfrew	director	C/O SUPERNOVA PARTNERS ACQUISITION CO., 4520 DEXTER STREET, N.W., WASHINGTON DC 20007