|
Vertex Inc Asset Turnover Ratio
Quarterly Results, Trends, Rankings, Statistics
Due to the increase in investments during the third quarter 2024, Vertex Inc 's asset turnover ratio sequentially decreased to 0.7 in the third quarter (Sep 30 2024), but remained above the company's average. For every Dollar on the Balance Sheet, Vertex Inc realized $0.7 in annual sales.
Within sector 27 more businesses have achieved higher asset turnover ratio. While Asset turnover ratio total ranking has improved so far during the III Quarter 2024, to 758, from total ranking in the second quarter 2024 at 921.
Asset Turnover Ratio Definition
|
Select the Comparisons :
|
|
Select the Ratio:
|
|
| VERX Asset Turnover Ratio |
(Sep 30 2024)
III. Quarter |
(Jun 30 2024)
II. Quarter |
(Mar 31 2024)
I. Quarter |
(Sep 30 2023)
III. Quarter |
(Jun 30 2023)
II. Quarter |
| Y / Y Asset Change |
64.76 % |
41.18 % |
4.32 % |
5.85 % |
4.78 % |
| Y / Y Revenue Change |
22.12 % |
21.04 % |
18.81 % |
14.19 % |
16.38 % |
| Asset Turnover Ratio (TTM) |
0.7 |
0.76 |
0.8 |
0.77 |
0.76 |
| VERX's Total
Ranking |
# 758 |
# 921 |
# 1079 |
# 1414 |
# |
| Seq. Asset Change |
16.59 % |
36.47 % |
4.56 % |
-0.97 % |
-0.09 % |
| Seq. Revenue Change |
5.5 % |
3.14 % |
8.07 % |
3.85 % |
4.57 % |
| Asset Turnover Ratio Statistics |
| High |
Average |
Low |
| 0.78 |
0.61 |
0.2 |
| (Mar 31 2024) |
|
(Jun 30 2021) |
| Companies with similar Asset Turnover Ratio for the quarter ending Sep 30 2024, within Technology Sector | Asset Turnover Ratio | Revenues for 12 Months ending Sep 30 2024 | Assets at quarter ending Sep 30 2024 | | Outbrain Inc | 1.48 | $ 903.518 Millions | $ 611.909 Millions | | Kyndryl Holdings Inc | 1.45 | $ 15,299.000 Millions | $ 10,529.500 Millions | | Science applications International corporation | 1.45 | $ 7,638.000 Millions | $ 5,272.250 Millions | | Verifyme Inc | 1.42 | $ 25.259 Millions | $ 17.740 Millions | | Zeta Global Holdings Corp | 1.41 | $ 901.401 Millions | $ 638.488 Millions | | Nvidia Corp | 1.40 | $ 113,269.000 Millions | $ 81,010.000 Millions | | Rumbleon Inc | 1.39 | $ 1,237.050 Millions | $ 887.875 Millions | | Dirtt Environmental Solutions Ltd | 1.39 | $ 176.356 Millions | $ 126.958 Millions | | Crawford United Corp | 1.36 | $ 145.253 Millions | $ 106.900 Millions | | Fingermotion Inc | 1.34 | $ 31.176 Millions | $ 23.221 Millions | | Kimball Electronics Inc | 1.34 | $ 1,656.119 Millions | $ 1,237.521 Millions | | Turtle Beach Corporation | 1.32 | $ 325.492 Millions | $ 246.486 Millions | | Fabrinet | 1.31 | $ 3,001.718 Millions | $ 2,286.924 Millions | | Firefly Neuroscience Inc | 1.30 | $ 5.514 Millions | $ 4.226 Millions | | Gopro Inc | 1.30 | $ 896.011 Millions | $ 690.516 Millions | | Flex Ltd | 1.30 | $ 24,300.000 Millions | $ 18,736.500 Millions | | Parsons Corporation | 1.27 | $ 6,510.485 Millions | $ 5,146.144 Millions | | Ringcentral Inc | 1.26 | $ 2,356.921 Millions | $ 1,867.053 Millions | | Leidos Holdings Inc | 1.26 | $ 16,277.000 Millions | $ 12,939.750 Millions | | Marketwise Inc | 1.25 | $ 423.378 Millions | $ 337.375 Millions | | Quantum Corp | 1.23 | $ 222.207 Millions | $ 180.764 Millions | | Plexus Corp | 1.23 | $ 3,960.530 Millions | $ 3,226.492 Millions | | Logitech International S a | 1.23 | $ 4,471.211 Millions | $ 3,648.513 Millions | | Benchmark Electronics Inc | 1.22 | $ 2,690.572 Millions | $ 2,197.825 Millions | | Bio Key International Inc | 1.22 | $ 6.069 Millions | $ 4.971 Millions | | Super League Enterprise Inc | 1.22 | $ 21.882 Millions | $ 17.979 Millions | | Professional Diversity Network Inc | 1.21 | $ 7.006 Millions | $ 5.776 Millions | | Peraso Inc | 1.19 | $ 13.534 Millions | $ 11.333 Millions | | Destiny Media Technologies Inc | 1.17 | $ 4.421 Millions | $ 3.768 Millions | | Universal Electronics Inc | 1.16 | $ 380.826 Millions | $ 328.518 Millions |
|
