Avantax Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2023 to a ratio of 12.44, this is below the company average, and notable indication of worsening business environment. Average receivable collection period, for the Avantax Inc in Sep 30 2023 quarter, has decreased to 29 days, compared to 32 days, in the Jun 30 2023 quarter.

If we take a look into Financial sector 177 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 981, from overall ranking in the second quarter 2023 at 2078.

What is Receivable Turnover Ratio?
What is Avantax Inc Selling?

What is Receivable Turnover Ratio?

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AVTA 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	-3.91 %	23.47 %	-3.56 %	13.68 %	39.93 %
Y / Y Revenue Change	12.03 %	-27.23 %	-	-	-1.42 %
Receivable Turnover Ratio (TTM)	12.44	11.49	14.98	27.55	38.97
AVTA's Total Ranking	# 981	# 2078	# 338	# 865	# 947
Accounts Receivable average collection period days	29	32	24	13	9
Seq. Receivable Change	-1.78 %	-2.12 %	6.44 %	-6.1 %	26.2 %
Seq. Revenue Change	2.9 %	-	-	-	-33.16 %

Receivable Turnover Company Ranking
Within:	No.
Miscellaneous Financial Services Industry	# 18
Financial Sector	# 178
Overall Market	# 981

Receivable Turnover Ratio Statistics
High	Average	Low
55.1	27.87	3.98
(Sep 30 2018)		(Dec. 30, 2015)

AVTA Company Profile • Back to AVTA Efficiency Comparisons • Compare AVTA Receivables Turnover Ratio to its Competitors

Financial Statements
Avantax Inc 's Accounts Receivable	$ 25 Millions	Visit AVTA's Balance sheet
Avantax Inc 's Sales TTM	$ 310 Millions	Visit AVTA's Income Statement
Sources of AVTA's Revenues		Visit AVTA's Sales by Geography

Other Accounts Receivable Turnover Ratios
Miscellaneous Financial Services Industry Accounts Receivable Turnover Trends and Statistics
Financial Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
AVTA's Receivable Turnover Ratio versus Miscellaneous Financial Services Industry, Financial Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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AVTA's Profitability Ratios	AVTA's Roi	AVTA's Asset Turnover Ratio	AVTA's Dividend Growth
AVTA's Valuation Ratios	AVTA's Roe	AVTA's Financial Strength Ratios	AVTA's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2023, within Financial Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2023	Receivable at quarter ending Sep 30 2023
Sotherly Hotels Inc	34.29	$ 173.032 Millions	$ 5.046 Millions
Bxp Inc	33.86	$ 3,234.460 Millions	$ 95.525 Millions
Assetmark Financial Holdings Inc	33.76	$ 700.474 Millions	$ 20.749 Millions
Invesco Db Us Dollar Index Bearish Fund	32.49	$ 5.505 Millions	$ 0.169 Millions
American Homes 4 Rent	32.43	$ 1,595.874 Millions	$ 49.215 Millions
Prosper Marketplace Inc	32.34	$ 150.686 Millions	$ 4.659 Millions
Clover Health Investments Corp	32.00	$ 1,846.949 Millions	$ 57.722 Millions
Summit Hotel Properties inc	31.99	$ 731.018 Millions	$ 22.851 Millions
Tradeweb Markets Inc	31.76	$ 1,261.261 Millions	$ 39.707 Millions
The Marygold Companies Inc	31.10	$ 34.189 Millions	$ 1.099 Millions
Rlj Lodging Trust	30.88	$ 1,308.060 Millions	$ 42.361 Millions
Highwoods Properties Inc	30.22	$ 838.851 Millions	$ 27.754 Millions
American Bitcoin Corp	29.07	$ 11.031 Millions	$ 0.379 Millions
Pebblebrook Hotel Trust	28.52	$ 1,405.467 Millions	$ 49.276 Millions
Neuehealth Inc	28.03	$ 1,437.305 Millions	$ 51.278 Millions
State Street Corp	28.02	$ 12,057.000 Millions	$ 430.250 Millions
W R Berkley Corp	28.01	$ 11,935.359 Millions	$ 426.068 Millions
Clipper Realty Inc	27.04	$ 136.347 Millions	$ 5.043 Millions
Ford Motor Credit Company Llc	26.64	$ 20,333.000 Millions	$ 763.250 Millions
Gohealth Inc	26.61	$ 527.350 Millions	$ 19.820 Millions
Federated Hermes Inc	26.59	$ 1,644.489 Millions	$ 61.858 Millions
Rayonier Inc	26.46	$ 834.924 Millions	$ 31.557 Millions
Sl green Realty corp	25.61	$ 926.860 Millions	$ 36.185 Millions
Bakkt Inc	24.99	$ 583.637 Millions	$ 23.354 Millions
Brc Group Holdings Inc	24.77	$ 1,583.728 Millions	$ 63.939 Millions
Uniti Group Inc	24.68	$ 1,147.910 Millions	$ 46.518 Millions
Empire State Realty Op L p	24.57	$ 727.963 Millions	$ 29.633 Millions
Empire State Realty Trust Inc	24.57	$ 727.963 Millions	$ 29.633 Millions
Fidelity National Financial Inc	24.14	$ 10,873.000 Millions	$ 450.500 Millions
Creative Media and Community Trust Corporation	24.02	$ 115.658 Millions	$ 4.815 Millions

Date modified: 2026-09-12T06:11:26+00:00

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