AvidXchange Fixed Asset Turnover from 2010 to 2024

AVDX Stock  USD 11.11  0.07  0.63%   
AvidXchange Holdings Fixed Asset Turnover yearly trend continues to be fairly stable with very little volatility. Fixed Asset Turnover will likely drop to 2.06 in 2024. During the period from 2010 to 2024, AvidXchange Holdings Fixed Asset Turnover regression line of annual values had r-squared of  0.39 and arithmetic mean of  2.09. View All Fundamentals
 
Fixed Asset Turnover  
First Reported
2010-12-31
Previous Quarter
3.71025114
Current Value
2.06
Quarterly Volatility
0.54538911
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check AvidXchange Holdings financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AvidXchange Holdings' main balance sheet or income statement drivers, such as Interest Expense of 11.2 M, Tax Provision of 475.6 K or Net Interest Income of 3.7 M, as well as many indicators such as Price To Sales Ratio of 6.24, Dividend Yield of 0.0 or PTB Ratio of 3.62. AvidXchange financial statements analysis is a perfect complement when working with AvidXchange Holdings Valuation or Volatility modules.
  
Check out the analysis of AvidXchange Holdings Correlation against competitors.
For more information on how to buy AvidXchange Stock please use our How to Invest in AvidXchange Holdings guide.

Latest AvidXchange Holdings' Fixed Asset Turnover Growth Pattern

Below is the plot of the Fixed Asset Turnover of AvidXchange Holdings over the last few years. It is AvidXchange Holdings' Fixed Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in AvidXchange Holdings' overall financial position and show how it may be relating to other accounts over time.
Fixed Asset Turnover10 Years Trend
Slightly volatile
   Fixed Asset Turnover   
       Timeline  

AvidXchange Fixed Asset Turnover Regression Statistics

Arithmetic Mean2.09
Geometric Mean2.04
Coefficient Of Variation26.13
Mean Deviation0.36
Median1.82
Standard Deviation0.55
Sample Variance0.30
Range1.8881
R-Value0.62
Mean Square Error0.20
R-Squared0.39
Significance0.01
Slope0.08
Total Sum of Squares4.16

AvidXchange Fixed Asset Turnover History

2024 2.06
2023 3.71
2022 2.98
2021 2.27
2020 2.07

About AvidXchange Holdings Financial Statements

AvidXchange Holdings investors use historical fundamental indicators, such as AvidXchange Holdings' Fixed Asset Turnover, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in AvidXchange Holdings. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Fixed Asset Turnover 3.71  2.06 

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Additional Tools for AvidXchange Stock Analysis

When running AvidXchange Holdings' price analysis, check to measure AvidXchange Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AvidXchange Holdings is operating at the current time. Most of AvidXchange Holdings' value examination focuses on studying past and present price action to predict the probability of AvidXchange Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AvidXchange Holdings' price. Additionally, you may evaluate how the addition of AvidXchange Holdings to your portfolios can decrease your overall portfolio volatility.