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The often-quoted statistic that a vehicle loses about 11% of its value right when you drive it off the lot means buying new usually isn't the best thing for your bank account. Still, there are plenty of reasons why you might want to buy a new vehicle, so why not focus on the ones that will likely have the best resale value?
Image source: Getty Images A vehicle's paint color can impact its resale value by up to $5,000, according to new research by iSeeCars.com. That means its resale value three years later can be expected to be around $23,250. More: Check out our picks for best car insurance companies Vehicle color 3-year depreciation Beige 17.8%
Etsy: 93% implied upside Etsy runs multiple online marketplaces, including Depop for fashion resale and Reverb for musical instruments. That reduces payroll errors, which frees HR and accounting teams to spend their time on other tasks. Yet Paycom accounts for less than 5% of global HCM spend today, leaving a long runway for growth.
That slowdown also caused its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) -- which briefly turned positive in 2021 -- to turn negative again. Metric 2020 2021 2022 9M 2023 Revenue $2.6 billion $8.0 billion $15.6 billion $6.1 AI isn't a magic bullet that will solve all of Opendoor's recent problems.
Plus, a report by Goldman Sachs suggests consumers are concerned about a lack of rapid charging infrastructure , as well as the declining resale value of EVs in general. trillion in annual revenue by 2029, with FSD and Cybercab accounting for 63%. Ark's financial models suggest Tesla will generate $1.2
Although this is not great news, I would like to point out that a major piece of the revenue shortfall was resale revenue, which is low margin, and we have conscientiously reduced over the last few years to limit our dependency on this type of revenue. So, in the short term, the underrun and resale revenue impacts bottom-line profit.
It makes quick offers on homes without the need for staging and open houses, which benefits sellers, and it makes the necessary home improvements to have homes ready for resale, which benefits buyers. A better way to buy and sell homes Opendoor operates an iBuying platform connecting buyers and sellers. Revenue was $980 million, down from $3.4
Finally, Q3 industrial resales of $164 million declined 31% year on year. We believe we are approaching bottom in Q3 as Q4 resales are expected to recover sequentially. Year on year, Q4 industrial resales will still be down approximately 20%. Spears -- Chief Financial Officer and Chief Accounting Officer Thank you, Hock.
Measure on resales, Q4 industrial resales of $173 million declined 27% year on year. Spears -- Chief Financial Officer and Chief Accounting Officer Thank you, Hock. This figure excludes $156 million of depreciation. Spears -- Chief Financial Officer and Chief Accounting Officer Yes, Ross, it's Kirsten.
Depreciation and amortization was flat year to year as a percent of revenue, down $17 million, reflecting continued capital discipline. Modern Workplace organic revenue declined year to year in the mid-teens impacted by resale revenue, which was down 30%. And with the resale, it will be negative double digits, low double digits.
Finally, Q3 industrial resales of $236 million declined 3% year on year, reflecting weak demand in China. And in Q4, though, we expect an improvement with industrial resales up low single-digit percentage year on year, reflecting largely seasonality. And in our strategic accounts, we averaged 125%. Adjusted EBITDA was 5.8
And finally, Q1 industrial resales of $215 million declined 6% year on year. In fiscal '24, we continue to expand industrial resales to be down high single digits year upon year. This figure excludes $139 million of depreciation. Excluding transition costs of $226 million in Q1, operating profit of $7.1 Adjusted EBITDA was $7.2
Howard will be running our applications offering and be accountable for our AI strategy. GBS grew organically for the tenth consecutive quarter in Q2 and now accounts for 49.7% year-to-year decline, 160 basis points came from a reduced level of low-margin resale revenues, which was in line with our expectations.
Because as we know with companies like Uber and others, these members really do account for more of the spending for businesses like these that can be immensely profitable, particularly over time. The things that this excludes, it excludes stock-based comp, depreciation, amortization, and other items.
And in our strategic accounts, we actually averaged 130%. And in strategic accounts, we averaged 124%. Industrial resales were 962 million. In fiscal '24, we expect industrial resales to be down low single digits year on year. This figure excludes 124 million of depreciation. Revenue in fiscal 2023 was 7.6
As a reminder, when we say agent economics, this reflects Compass' margin after accounting for both commission expense and other expenses such as agent marketing spend. year over year, principal agent count 20% year over year, total agent count by nearly 4,000 agents year over year and after accounting for four acquisitions.
The reduction to our cash incentives accounts for an additional 43 basis points improvement for an aggregate of 57 basis points of improvement in total agent economics, 57 basis points of improvement in total agent economics. million annual resale transactions in time. million to 5.5 I am cautiously optimistic about 2024.
The interesting thing about the state of inventory today is normally new construction accounts for 10 to 15 percent of total inventory. I mean, land appreciates and improvements depreciate, right, the way you should think of it. RITHOLTZ: He also is locked out of his Twitter account as am I. That’s true for Manhattan.
Now these adjusted numbers account for some investments and some divestitures made over the past year so that we understand each other, Ron. They're going to start generating some of their EBITDA, or earnings before interest, taxes, and depreciation, and amortization of more than 600 million this quarter versus a loss of 928 million in Q2 22.
Resales in industrial were down double-digits in Q1 and are expected to be down in Q2. Spears -- Chief Financial Officer and Chief Accounting Officer Thank you, Hock. This figure excludes $142 million of depreciation. While wireless was down sequentially due to a seasonal decline, it remained flat year on year.
Operating executive, head of accounting and finance supervisory unit, Mr. Masao Kawaguchi. Shares of profit of investments accounted for using the equity method was 1.4 Shares of profit of investment accounted for using the equity method will decline due to the unit sales in China being revisited. Nice to meet you. trillion yen.
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