OPAD has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
OPAD has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Offerpad Solutions's change in receivables for the quarter that ended in Mar. 2024 was $5.6 Mil. It means Offerpad Solutions's Accounts Receivable declined by $5.6 Mil from Dec. 2023 to Mar. 2024 .
Offerpad Solutions's change in receivables for the fiscal year that ended in Dec. 2023 was $-7.6 Mil. It means Offerpad Solutions's Accounts Receivable increased by $7.6 Mil from Dec. 2022 to Dec. 2023 .
Offerpad Solutions's Accounts Receivable for the quarter that ended in Mar. 2024 was $4.3 Mil.
Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Offerpad Solutions's Days Sales Outstanding for the three months ended in Mar. 2024 was 1.39.
In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Offerpad Solutions's liquidation value for the three months ended in Mar. 2024 was $-76.8 Mil.
The historical data trend for Offerpad Solutions's Change In Receivables 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.
Offerpad Solutions Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Change In Receivables | -1.08 | 0.94 | -3.85 | 3.82 | -7.59 |
Offerpad Solutions Quarterly Data | ||||||||||||||||
Dec19 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Change In Receivables | Get a 7-Day Free Trial | -0.05 | 0.93 | -2.40 | -6.06 | 5.59 |
Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.
Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.9 Mil.
* 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.
Offerpad Solutions (NYSE:OPAD) Change In Receivables Explanation
1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.
Offerpad Solutions's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 4.347 | / | 285.358 | * | 91 |
= | 1.39 |
2. In Ben Graham's calculation of liquidation value, Offerpad Solutions's accounts receivable are only considered to be worth 75% of book value:
Offerpad Solutions's liquidation value for the quarter that ended in Mar. 2024 is calculated as:
Liquidation Value | |||||||
= | Cash, Cash Equivalents, Marketable Securities | - | Total Liabilities | + | (0.75 * Accounts Receivable) | + | (0.5 * Total Inventories) |
= | 68.55 | - | 281.625 | + | 0.75 * 4.347 | + | 0.5 * 266.107 |
= | -76.8 |
* 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.
Thank you for viewing the detailed overview of Offerpad Solutions's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
From GuruFocus
By PRNewswire PRNewswire • 04-19-2023
By Business Wire • 07-26-2023
By Business Wire • 07-06-2023
By Business Wire • 10-12-2023
By Business Wire Business Wire • 02-01-2023
By Business Wire Business Wire • 11-28-2022
By Business Wire • 08-23-2023
By Business Wire • 08-02-2023
By Business Wire • 10-26-2023
By Business Wire Business Wire • 06-27-2022
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.