Avid Technology Inc Asset Turnover Ratio (AVID), as of third quarter 2023, current and historic results, rankings and more - CSIMarket
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• Sales per Employee
• Income per Employee
• Inventory Turnover
• Asset Turnover
• Receivables Turnover
Avid Technology Inc   (NASDAQ: AVID)
    Sector • Technology    Industry • Software & Programming
   Industry • Software & Programming
   Sector • Technology
 

Avid Technology Inc Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Avid Technology Inc 's asset turnover ratio, the ratio that measures the ability of Avid Technology Inc 's assets to generate revenue, sequentially decreased to 1.57 in the third quarter (Sep 30 2023), which does not come as a surprise, as the Avid Technology Inc continue to experience difficult business climate.

Within sector 117 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 2134 to 2318.

Asset Turnover Ratio Definition


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AVID 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 16.95 % 20.93 % 13.46 % 6.81 % -2.7 %
Y / Y Revenue Change -11.63 % 11.12 % -2.82 % -2.49 % 1.32 %
Asset Turnover Ratio (TTM) 1.57 1.68 1.71 1.78 1.83
AVID's Total Ranking # 2318 # 2134 # 2135 # 455 # 456
Seq. Asset Change -6.96 % 8.44 % -5.51 % 22.66 % -3.79 %
Seq. Revenue Change -16.15 % 10.97 % -15.75 % 12.73 % 5.43 %



Asset Turnover Ratio Company Ranking
Within: No.
Software & Programming Industry # 118
Technology Sector # 340
Overall Market # 2318

Asset Turnover Ratio Statistics
High Average Low
13.62 8.5 5.74
(Sep 30 2013)   (Dec 31 2020)




AVID Company Profile • Back to AVID Efficiency Comparisons • Compare AVID Asset Turnover Ratio to its Competitors



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
Tsr Inc   4.09 $ 97.747  Millions$ 23.881  Millions
Infinite Group Inc   3.67 $ 7.183  Millions$ 1.956  Millions
Compass Inc   3.41 $ 4,895.800  Millions$ 1,433.800  Millions
Rubicon Technologies Inc   3.36 $ 685.500  Millions$ 204.065  Millions
Tuatara Capital Acquisition Corp  3.29 $ 26.880  Millions$ 8.167  Millions
Ibex Limited  3.18 $ 918.609  Millions$ 289.318  Millions
Fingermotion Inc   2.91 $ 45.664  Millions$ 15.701  Millions
Veritec Inc   2.65 $ 0.313  Millions$ 0.118  Millions
Qxo Inc   2.56 $ 52.214  Millions$ 20.383  Millions
Healthcare Triangle Inc   2.39 $ 37.435  Millions$ 15.664  Millions
Datasea Inc  2.36 $ 11.059  Millions$ 4.678  Millions
Everquote Inc   2.23 $ 320.524  Millions$ 143.999  Millions
Careview Communications Inc  2.21 $ 9.836  Millions$ 4.460  Millions
Birchtech Corp   2.19 $ 19.535  Millions$ 8.930  Millions
Mobivity Holdings Corp   2.11 $ 6.590  Millions$ 3.119  Millions
Super Micro Computer Inc   2.09 $ 7,390.043  Millions$ 3,542.094  Millions
Widepoint Corporation  2.05 $ 101.108  Millions$ 49.375  Millions
Nortech Systems Incorporated  2.02 $ 138.299  Millions$ 68.504  Millions
Skkynet Cloud Systems Inc   2.00 $ 2.374  Millions$ 1.184  Millions
Toast Inc   2.00 $ 3,598.000  Millions$ 1,796.250  Millions
Vizio Holding Corp   1.95 $ 1,709.700  Millions$ 875.575  Millions
Dna X Inc   1.91 $ 103.911  Millions$ 54.459  Millions
M tron Industries Inc   1.90 $ 39.068  Millions$ 20.587  Millions
Freeze Tag Inc   1.89 $ 2.158  Millions$ 1.141  Millions
Elys Game Technology Corp   1.89 $ 42.737  Millions$ 22.659  Millions
Quantum Corp  1.86 $ 382.210  Millions$ 205.145  Millions
Gse Systems Inc   1.82 $ 44.620  Millions$ 24.502  Millions
Sanmina Corporation  1.77 $ 8,934.211  Millions$ 5,033.369  Millions
Jabil Inc  1.76 $ 34,702.000  Millions$ 19,733.250  Millions
Arlo Technologies Inc   1.73 $ 473.528  Millions$ 273.986  Millions



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