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Avidxchange Holdings Inc   (AVDX)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 

Avidxchange Holdings Inc Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Avidxchange Holdings Inc asset turnover ratio, the ability of Avidxchange Holdings Inc 's assets to generate revenue in the third quarter 2023, increased sequentially to 0.18 in the third quarter (Sep 30 2023), yet the ratio remained below the average, as AVDX's position remain challenging.

Within sector 187 more businesses have achieved higher asset turnover ratio. While ranking the asset turnover ratio, among all other companies, it is fair to say, that the company's position has deteriorated in the Third Quarter 2023 compared to the preceding quarter from 1435 to 3043.


What is Asset Turnover Ratio?
What is Avidxchange Holdings Inc Market Share?


AVDX Asset Turnover Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Asset Change 11.28 % 3.93 % 1.12 % -2.38 % 31.48 %
Y / Y Revenue Change 19.74 % 19.06 % 21.94 % -52.97 % 26.44 %
Asset Turnover Ratio (TTM) 0.18 0.17 0.17 0.16 0.21
AVDX's Total Ranking # 3043 # 1435 # 1397 # 3049 # 2758
Seq. Asset Change 1.64 % 7.18 % -11.99 % 16.06 % -5.08 %
Seq. Revenue Change 8.26 % 4.99 % 0.75 % 4.57 % 7.64 %



Asset Turnover Ratio Company Ranking
Within: No.
Software & Programming Industry # 188
Technology Sector # 580
Overall Market # 3043

Asset Turnover Ratio Statistics
High Average Low
0.21 0.18 0.16
(Jun 30 2022)   (Dec 31 2022)







Companies with similar Asset Turnover Ratio for the quarter ending Sep 30 2023, within Technology Sector Asset Turnover Ratio Revenues for 12 Months ending Sep 30 2023 Assets at quarter ending Sep 30 2023
Farmhouse Inc   0.48 $ 0.013  Millions$ 0.028  Millions
Ebix Inc  0.48 $ 735.627  Millions$ 1,545.401  Millions
Varonis Systems Inc   0.47 $ 487.297  Millions$ 1,028.164  Millions
On24 Inc   0.47 $ 169.891  Millions$ 358.644  Millions
International Business Machines Corporation  0.47 $ 61,170.000  Millions$ 129,735.750  Millions
Light and Wonder Inc   0.47 $ 2,814.000  Millions$ 5,970.000  Millions
Motorsport Games Inc   0.47 $ 7.738  Millions$ 16.436  Millions
Imax Corporation  0.47 $ 386.686  Millions$ 827.332  Millions
Onto Innovation Inc   0.47 $ 849.748  Millions$ 1,820.189  Millions
Guidewire Software Inc   0.47 $ 917.221  Millions$ 1,966.990  Millions
Cloudflare Inc   0.47 $ 1,208.682  Millions$ 2,594.648  Millions
Blackberry Limited  0.46 $ 825.000  Millions$ 1,790.000  Millions
Amplitech Group Inc   0.46 $ 15.848  Millions$ 34.389  Millions
Qorvo Inc   0.46 $ 3,129.938  Millions$ 6,793.309  Millions
Presto Automation inc   0.46 $ 21.945  Millions$ 47.653  Millions
Western Digital Corporation  0.46 $ 11,332.000  Millions$ 24,657.000  Millions
Cardlytics Inc   0.46 $ 302.540  Millions$ 661.018  Millions
Aci Worldwide Inc   0.46 $ 1,427.821  Millions$ 3,135.104  Millions
Thermo Fisher Scientific Inc   0.45 $ 43,421.000  Millions$ 95,743.500  Millions
Gitlab Inc   0.45 $ 538.254  Millions$ 1,187.318  Millions
Corning Inc  0.45 $ 13,000.000  Millions$ 28,811.000  Millions
Verisk Analytics Inc   0.45 $ 2,234.100  Millions$ 4,957.675  Millions
Liveperson Inc   0.45 $ 428.992  Millions$ 954.547  Millions
Quicklogic Corp  0.45 $ 15.427  Millions$ 34.562  Millions
Onfolio Holdings Inc   0.45 $ 5.843  Millions$ 13.098  Millions
Goodrx Holdings Inc   0.45 $ 737.730  Millions$ 1,654.051  Millions
Marqeta Inc   0.44 $ 760.265  Millions$ 1,712.980  Millions
Cognex Corp  0.44 $ 878.445  Millions$ 1,980.055  Millions
Dynatrace Inc   0.44 $ 1,181.148  Millions$ 2,672.175  Millions
Tucows Inc  0.44 $ 330.124  Millions$ 750.903  Millions

Date modified: 2023-11-12T10:56:24+00:00



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