Avid Technology Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Due to inventory build up in the third quarter 2023, Avid Technology Inc 's inventory turnover ratio sequentially decreased to 5.87 in the third quarter 2023, otherwise the ratio remained above the average, as AVID's markets remain strong.Avid Technology Inc 's average inventory processing period in the Sep 30 2023 quarter, has increased to 62 days, from 58 days, in the Jun 30 2023 quarter.

Within Technology sector 78 other companies have achieved higher inventory turnover ratio. While inventory turnover ranking remained unchanged in the Third Quarter 2023 compared to previous quarter at no. 419.

AVID Inventory Turnover Ratio using Sales Formula
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What is Inventory Turnover Ratio?

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AVID Inventory 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 Inventory Growth	30 %	45.61 %	48.01 %	5.32 %	-1 %
Y / Y Cost of Sales Growth	-0.31 %	22.97 %	5.11 %	2.09 %	-7.08 %
Inventory Turnover Ratio (TTM)	5.87	6.27	6.53	7.15	7.2
AVID's Total Ranking	# 419	# 419	# 278	# 522	# 536
Average inventory processing period	62	58	56	51	51
Seq. Inventory Growth	2.01 %	6.28 %	25.69 %	-4.6 %	14.26 %
Seq. Cost of Sales Growth	-21.55 %	18.47 %	-14.32 %	25.19 %	-3.23 %

Inventory Turnover Ratio Company Ranking
Within:	No.
Software & Programming Industry	# 16
Technology Sector	# 79
Overall Market	# 419

Inventory Turnover Ratio Statistics
High	Average	Low
7.31	4.54	2.67
(Jun 30 2022)		(Mar 31 2012)

AVID Company Profile >> Back to AVID Efficiency Comparisons >> Compare AVID Inventory Turnover Ratio to its Competitors

Financial Statements
Avid Technology Inc 's Inventories	$ 29 Millions	Visit AVID's Balance sheet
Avid Technology Inc 's Cost of Revenues TTM	$ 152 Millions	Visit AVID's Income Statement
What are AVID's Sales?		Visit AVID's Sales by Segment

Other Inventory Turnover Ratios
Avid Technology Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Software & Programming Industry Inventory Turnover Trends and Statistics
Technology Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
AVID's Inventory Turnover Ratio versus Software & Programming Industry, Technology Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for AVID's Competitors
Inventory Turnover Ratio for AVID's Suppliers
Inventory Turnover Ratio for AVID's Customers

You may also want to know
AVID's Sales Growth Rates	AVID's Pe Price to earnings ratio	AVID's Receivables Turnover Ratio	AVID's Stock Quote
AVID's Net Income Growth Rates	AVID's Ps Price to Sales ratio	AVID's Sales per Employee	AVID's Asset Turnover Ratio
AVID's Net Margin	AVID's Pb Price to Book ratio	AVID's Financial Strength Ratios	AVID's Dividend Payout Ratio

Companies with similar Inventory Turnover Ratio for the quarter ending Sep 30 2023, within Technology Sector	Inventory Turnover Ratio	Cost of revenues at quarter ending Sep 30 2023	Inventories at quarter ending Sep 30 2023
Roper Technologies Inc	14.54	$ 1,696.800 Millions	$ 117 Millions
Ftc Solar Inc	14.48	$ 123.993 Millions	$ 9 Millions
Birchtech Corp	14.30	$ 12.907 Millions	$ 1 Millions
Mix Telematics Limited	14.16	$ 55.238 Millions	$ 4 Millions
Skywater Technology Inc	13.96	$ 210.938 Millions	$ 15 Millions
Neogenomics Inc	13.93	$ 340.286 Millions	$ 24 Millions
Where Food Comes From Inc	13.63	$ 14.221 Millions	$ 1 Millions
Iveda Solutions Inc	13.05	$ 5.570 Millions	$ 0 Millions
Netapp Inc	12.90	$ 1,919.000 Millions	$ 149 Millions
F5 Inc	12.36	$ 593.000 Millions	$ 48 Millions
Pitney Bowes Inc	11.80	$ 1,045.162 Millions	$ 89 Millions
Creative Realities Inc	11.49	$ 20.674 Millions	$ 2 Millions
Netscout Systems Inc	11.32	$ 200.743 Millions	$ 18 Millions
Transcat Inc	11.14	$ 168.486 Millions	$ 15 Millions
Agilysys Inc	10.52	$ 85.860 Millions	$ 8 Millions
Photronics Inc	10.42	$ 555.000 Millions	$ 53 Millions
Amkor Technology Inc	10.24	$ 5,659.106 Millions	$ 553 Millions
Par Technology Corporation	10.16	$ 306.743 Millions	$ 30 Millions
Life360 Inc	10.14	$ 81.443 Millions	$ 8 Millions
Ttm Technologies Inc	10.05	$ 1,860.754 Millions	$ 185 Millions
Csp inc	9.81	$ 42.752 Millions	$ 4 Millions
Iteris inc	9.71	$ 110.818 Millions	$ 11 Millions
Fg Group Holdings Inc	9.64	$ 33.180 Millions	$ 3 Millions
Vpr Brands Lp	9.57	$ 5.236 Millions	$ 1 Millions
Omniq Corp	9.52	$ 72.235 Millions	$ 8 Millions
Airgain Inc	9.43	$ 41.135 Millions	$ 4 Millions
Enphase Energy Inc	9.31	$ 1,490.372 Millions	$ 160 Millions
Franklin Wireless Corp	8.40	$ 40.555 Millions	$ 5 Millions
Matterport Inc	8.06	$ 93.890 Millions	$ 12 Millions
Pixelworks Inc	7.94	$ 30.784 Millions	$ 4 Millions

Date modified: 2026-08-29T17:28:43+00:00

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