AvidXchange Holdings (AvidXchange Holdings) Accounts Receivable : $48.9 Mil (As of Mar. 2024)

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What is AvidXchange Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AvidXchange Holdings's accounts receivables for the quarter that ended in Mar. 2024 was $48.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AvidXchange Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 42.24.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AvidXchange Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-4.70.

AvidXchange Holdings Accounts Receivable Historical Data

The historical data trend for AvidXchange Holdings's Accounts Receivable 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 Accounts Receivable Chart

AvidXchange Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

18.82

24.76

30.97

39.67

46.69

AvidXchange Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial												43.15	43.01	40.89	46.69	48.88

AvidXchange Holdings Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

AvidXchange Holdings Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of 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 receivables are being managed.

AvidXchange Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	48.877	/	105.598	*	91
=	42.24

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), AvidXchange Holdings's accounts receivable are only considered to be worth 75% of book value:

AvidXchange Holdings's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(443.548	+	0.75 * 48.877	+	0.5 * 0	-	1448.94
-	0	-	0)	/	206.315
=	-4.70

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

AvidXchange Holdings Accounts Receivable 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 » Accounts Receivable

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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