AvidXchange Holdings (AvidXchange Holdings) Days Sales Outstanding : 38.40 (As of Dec. 2023)

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What is AvidXchange Holdings Days Sales Outstanding?

AvidXchange Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was $43.8 Mil. AvidXchange Holdings's Revenue for the three months ended in Dec. 2023 was $104.1 Mil. Hence, AvidXchange Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 38.40.

The historical rank and industry rank for AvidXchange Holdings's Days Sales Outstanding or its related term are showing as below:

AVDX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 40.75 Med: 41.4 Max: 45.92
Current: 40.92

During the past 5 years, AvidXchange Holdings's highest Days Sales Outstanding was 45.92. The lowest was 40.75. And the median was 41.40.

AVDX's Days Sales Outstanding is ranked better than
76.44% of 2725 companies
in the Software industry
Industry Median: 61.89 vs AVDX: 40.92

AvidXchange Holdings's Days Sales Outstanding declined from Dec. 2022 (42.03) to Dec. 2023 (38.40).

AvidXchange Holdings Days Sales Outstanding Historical Data

The historical data trend for AvidXchange Holdings's Days Sales Outstanding can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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AvidXchange Holdings Days Sales Outstanding Chart

AvidXchange Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

45.92

42.77

40.94

40.75

41.40

AvidXchange Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial											42.03	43.52	43.12	38.79	38.40

Competitive Comparison of AvidXchange Holdings's Days Sales Outstanding

For the Software - Infrastructure subindustry, AvidXchange Holdings's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

AvidXchange Holdings's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, AvidXchange Holdings's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where AvidXchange Holdings's Days Sales Outstanding falls into.

AvidXchange Holdings Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

AvidXchange Holdings's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (39.668	+	46.689)	/	2 )	/	380.72	*	365
=	43.1785					/	380.72	*	365
=	41.40

AvidXchange Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (40.892	+	46.689)	/	2 )	/	104.064	*	365 / 4
=	43.7905					/	104.064	*	365 / 4
=	38.40

AvidXchange Holdings (NAS:AVDX) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

AvidXchange Holdings Days Sales Outstanding Related Terms

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AvidXchange Holdings (AvidXchange Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AvidXchange Holdings Inc (NAS:AVDX) » Definitions » Days Sales Outstanding

Comparable Companies

DOCN EVCM PAY RAMP NTCT SWI CSGS ODD PAYO EVTC MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SQ

Traded in Other Exchanges

N/A

Address

1210 AvidXchange Lane, Charlotte, NC, USA, 28206

Website

https://www.avidxchange.com

AvidXchange Holdings Inc is a provider of AP automation software and payment solutions for middle-market businesses and their suppliers. It generates the majority of its sales from Payment revenue followed by Software revenue and Services revenue. The company generates revenue in the United States.

Executives

Joel Wilhite	officer: See Remarks	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Ryan Stahl	officer: See Remarks	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Todd Alan Cunningham	officer: See Remarks	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Michael Praeger	director, officer: See Remarks	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Daniel Drees	officer: See Remarks	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Angelic Gibson	officer: See Remarks	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Matthew C Harris	director, 10 percent owner	1 BANK STREET, 2ND FLOOR, WILLIAMSTOWN MA 01267
James E Hausman	director	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Sonali Sambhus	director	C/O AVIDXCHANGE HOLDINGS, INC., 1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Asif Ramji	director	3399 PEACHTREE ROAD NE, SUITE 1900, ATLANTA GA 30326
Bain Capital Venture Partners 2014, L.p.	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116
Teresa Mackintosh	director	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Bcv Ax Investors, L.p.	10 percent owner	200 CLARENDON ST, BOSTON MA 02116
Bain Capital Venture Coinvestment Partners, L.p.	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116
Bain Capital Venture Coinvestment Fund, L.p.	10 percent owner	JOHN HANCOCK TOWER, 200 CLARENDON STREET, BOSTON MA 02116