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

Avidxchange Holdings Inc Accounts Receivables Turnover Ratio from the third quarter 2023 to the third quarter 2022

Quarterly Results, Trends, Rankings, Statistics


Avidxchange Holdings Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2023 to a ratio of 8.71, this is below the company average, and notable indication of worsening business environment. Average receivable collection period, for the Avidxchange Holdings Inc in Sep 30 2023 quarter, has decreased to 42 days, compared to 44 days, in the Jun 30 2023 quarter.

If we take a look into Technology sector 148 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 1431, from overall ranking in the second quarter 2023 at 1587.

What is Receivable Turnover Ratio?
What is Avidxchange Holdings Inc Selling?


What is Receivable Turnover Ratio?




AVDX Receivables 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 Receivable Change 2.96 % 19.4 % 26.12 % 28.11 % 31.79 %
Y / Y Revenue Change 19.74 % 19.06 % 21.94 % -52.97 % 26.44 %
Receivable Turnover Ratio (TTM) 8.71 8.37 8.37 8.46 11.73
AVDX's Total Ranking # 1431 # 1587 # 1582 # 1780 # 1067
Average receivable collection period 42 44 44 43 31
Seq. Receivable Change -4.92 % -0.32 % 8.77 % -0.12 % 10.26 %
Seq. Revenue Change 8.26 % 4.99 % 0.75 % 4.57 % 7.64 %


Receivable Turnover Company Ranking
Within: No.
Software & Programming Industry # 65
Technology Sector # 149
Overall Market # 1431

Receivable Turnover Ratio Statistics
High Average Low
12.07 9.62 8.37
(Jun 30 2022)   (Jun 30 2023)






Financial Statements
Avidxchange Holdings Inc 's Accounts Receivable $ 41 Millions Visit AVDX's Balance sheet
Avidxchange Holdings Inc 's Sales TTM $ 363 Millions Visit AVDX's Income Statement
Where are AVDX's Sales coming from? Visit AVDX's Sales by Geography

Other Accounts Receivable Turnover Ratios
Software & Programming Industry Accounts Receivable Turnover Trends and Statistics
Technology Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
AVDX's Receivable Turnover Ratio versus Software & Programming Industry, Technology Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for AVDX's Competitors
Receivables Turnover Ratio for AVDX's Suppliers
Accounts Receivables Turnover Ratio for AVDX's Customers

You may also want to know
AVDX's Growth Rates AVDX's Roa AVDX's Inventory Turnover Ratio AVDX's Dividend Comparisons
AVDX's Profitability Ratios AVDX's Roi AVDX's Asset Turnover Ratio AVDX's Dividend Growth
AVDX's Valuation Ratios AVDX's Roe AVDX's Financial Strength Ratios AVDX's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2023, within Technology Sector Receivable Turnover Ratio Revenues for 12 Months ending Sep 30 2023 Receivable at quarter ending Sep 30 2023
Intuit Inc   23.49 $ 14,749.000  Millions$ 628.000  Millions
Gen Digital Inc   22.40 $ 3,545.347  Millions$ 158.250  Millions
Vpr Brands Lp  22.03 $ 10.252  Millions$ 0.465  Millions
Upay Inc   21.25 $ 1.360  Millions$ 0.064  Millions
Engagesmart Inc   20.93 $ 363.015  Millions$ 17.341  Millions
Blackboxstocks Inc   20.84 $ 3.393  Millions$ 0.163  Millions
Snap One Holdings Corp   20.56 $ 1,064.829  Millions$ 51.785  Millions
Alpha And Omega Semiconductor Limited  20.45 $ 661.985  Millions$ 32.370  Millions
Ziprecruiter Inc   19.62 $ 719.069  Millions$ 36.643  Millions
Power Integrations Inc   18.81 $ 479.801  Millions$ 25.509  Millions
Clearsign Technologies Corporation  18.49 $ 1.179  Millions$ 0.064  Millions
Skillz Inc   18.37 $ 163.657  Millions$ 8.911  Millions
Paycor Hcm Inc   18.07 $ 577.977  Millions$ 31.994  Millions
Icoreconnect Inc   18.00 $ 7.745  Millions$ 0.430  Millions
Moving Image Technologies inc   17.86 $ 23.859  Millions$ 1.336  Millions
Sonos Inc   17.59 $ 1,654.490  Millions$ 94.037  Millions
Silversun Technologies Inc   16.96 $ 48.931  Millions$ 2.885  Millions
Ascent Solar Technologies Inc   16.79 $ 0.468  Millions$ 0.028  Millions
Immersion Corporation  16.62 $ 32.703  Millions$ 1.968  Millions
Cargurus Inc   15.86 $ 977.146  Millions$ 61.595  Millions
Playtika Holding Corp   15.86 $ 2,560.300  Millions$ 161.425  Millions
Rubicon Technologies Inc   15.71 $ 1,017.324  Millions$ 64.762  Millions
Intel Corporation  15.63 $ 52,864.000  Millions$ 3,383.250  Millions
D wave Quantum Inc   15.54 $ 11.133  Millions$ 0.716  Millions
Rumble Inc   15.29 $ 88.973  Millions$ 5.818  Millions
Porch Group Inc   15.07 $ 382.942  Millions$ 25.411  Millions
Quarta rad Inc   15.07 $ 0.722  Millions$ 0.048  Millions
Vimeo Inc   15.06 $ 416.432  Millions$ 27.656  Millions
Oracle Corporation  14.91 $ 96,308.000  Millions$ 6,461.000  Millions
Phunware Inc   14.90 $ 15.171  Millions$ 1.019  Millions

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



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