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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Opendoor Technologies's Days Sales Outstanding for the
three
months ended in Jun. 2024 was 0.
Opendoor Technologies's Days Inventory for the
three
months ended in Jun. 2024 was 135.85.
Opendoor Technologies's Days Payable for the
three
months ended in Jun. 2024 was 4.69.
Therefore, Opendoor Technologies's Cash Conversion Cycle (CCC) for the
three
months ended in Jun. 2024 was 131.16.
The historical data trend for Opendoor Technologies's Cash Conversion Cycle 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.
Opendoor Technologies Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | 107.36 | 136.62 | 164.10 | 129.19 | 175.97 |
Opendoor Technologies Quarterly Data | ||||||||||||||||||||
Dec18 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Cash Conversion Cycle | Get a 7-Day Free Trial | 78.04 | 120.16 | 172.49 | 153.29 | 131.16 |
For the Real Estate Services subindustry, Opendoor Technologies's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle 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.
For the Real Estate industry and Real Estate sector, Opendoor Technologies's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Opendoor Technologies's Cash Conversion Cycle falls into.
Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.
Cash Conversion Cycle is one of several measures of management effectiveness.
Opendoor Technologies's Cash Conversion Cycle for the fiscal year that ended in Dec. 2023 is calculated as
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 0 | + | 176.17 | - | 0.2 | |
= | 175.97 |
Opendoor Technologies's Cash Conversion Cycle for the quarter that ended in Jun. 2024 is calculated as:
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 0 | + | 135.85 | - | 4.69 | |
= | 131.16 |
* 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.
Opendoor Technologies (NAS:OPEN) Cash Conversion Cycle Explanation
Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.
Be Aware
CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.
The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.
Thank you for viewing the detailed overview of Opendoor Technologies's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
Sydney Schaub | officer: Chief Legal Officer | 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 |
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