AvidXchange Inventory Turnover from 2010 to 2024

AVDX Stock  USD 11.11  0.07  0.63%   
AvidXchange Holdings Inventory Turnover yearly trend continues to be fairly stable with very little volatility. Inventory Turnover is likely to outpace its year average in 2024. Inventory Turnover is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. View All Fundamentals
 
Inventory Turnover  
First Reported
2010-12-31
Previous Quarter
0.11
Current Value
0.11
Quarterly Volatility
2.56939073
 
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' Inventory Turnover Growth Pattern

Below is the plot of the Inventory Turnover of AvidXchange Holdings over the last few years. It is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. AvidXchange Holdings' Inventory 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.
Inventory Turnover10 Years Trend
Slightly volatile
   Inventory Turnover   
       Timeline  

AvidXchange Inventory Turnover Regression Statistics

Arithmetic Mean0.40
Coefficient Of Variation643.54
Mean Deviation1.33
Median1.38
Standard Deviation2.57
Sample Variance6.60
Range10.0641
R-Value(0.41)
Mean Square Error5.93
R-Squared0.17
Significance0.13
Slope(0.23)
Total Sum of Squares92.42

AvidXchange Inventory Turnover History

2023 0.11
2022 0.0918
2021 -8.69
2020 0.61

About AvidXchange Holdings Financial Statements

AvidXchange Holdings investors use historical fundamental indicators, such as AvidXchange Holdings' Inventory 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
Inventory Turnover 0.09  0.11 

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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.