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 %	10.09 %	39.93 %
Y / Y Revenue Change	12.03 %	-27.23 %	-	-	-1.42 %
Receivable Turnover Ratio (TTM)	12.44	11.49	14.98	27.55	38.68
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
Assetmark Financial Holdings Inc	34.43	$ 714.449 Millions	$ 20.749 Millions
Nmi Holdings Inc	34.39	$ 560.730 Millions	$ 16.303 Millions
Brandywine Realty Trust	34.30	$ 513.465 Millions	$ 14.969 Millions
Oportun Financial Corporation	34.23	$ 1,056.242 Millions	$ 30.855 Millions
Byline Bancorp Inc	32.94	$ 340.757 Millions	$ 10.346 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
Summit Hotel Properties inc	31.99	$ 731.018 Millions	$ 22.851 Millions
Orion Properties Inc	31.88	$ 172.481 Millions	$ 5.410 Millions
Alexander and Baldwin Inc	31.83	$ 226.800 Millions	$ 7.125 Millions
Gcm Grosvenor Inc	31.78	$ 408.631 Millions	$ 12.858 Millions
Red River Bancshares Inc	31.77	$ 108.129 Millions	$ 3.404 Millions
Clover Health Investments Corp	31.24	$ 2,422.260 Millions	$ 77.543 Millions
Equity Lifestyle Properties Inc	31.09	$ 1,469.396 Millions	$ 47.268 Millions
Rlj Lodging Trust	30.88	$ 1,308.060 Millions	$ 42.361 Millions
Hope Bancorp Inc	30.71	$ 563.273 Millions	$ 18.344 Millions
Enact Holdings Inc	29.94	$ 1,134.338 Millions	$ 37.892 Millions
Greenidge Generation Holdings Inc	29.72	$ 42.372 Millions	$ 1.426 Millions
Tradeweb Markets Inc	29.62	$ 1,261.261 Millions	$ 42.576 Millions
Neuehealth Inc	29.22	$ 1,893.096 Millions	$ 64.786 Millions
American Bitcoin Corp	29.07	$ 11.031 Millions	$ 0.379 Millions
Pebblebrook Hotel Trust	28.52	$ 1,405.467 Millions	$ 49.276 Millions
Clipper Realty Inc	27.04	$ 136.347 Millions	$ 5.043 Millions
Gohealth Inc	26.61	$ 527.350 Millions	$ 19.820 Millions
Doma Holdings Inc	25.94	$ 335.835 Millions	$ 12.948 Millions
Hawthorn Bancshares Inc	25.46	$ 65.900 Millions	$ 2.589 Millions
National Rural Utilities Cooperative Finance Corporation	25.21	$ 1,563.934 Millions	$ 62.038 Millions
Bakkt Inc	24.99	$ 583.637 Millions	$ 23.354 Millions
Corebridge Financial Inc	24.89	$ 19,393.000 Millions	$ 779.250 Millions
Uniti Group Inc	24.68	$ 1,147.910 Millions	$ 46.518 Millions

Date modified: 2026-08-29T17:16:11+00:00

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