AvidXchange Capex To Revenue vs Capex To Depreciation Analysis

AVDX Stock  USD 11.15  0.01  0.09%   
AvidXchange Holdings financial indicator trend analysis is way more than just evaluating AvidXchange Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AvidXchange Holdings is a good investment. Please check the relationship between AvidXchange Holdings Capex To Revenue and its Capex To Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AvidXchange Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
For more information on how to buy AvidXchange Stock please use our How to Invest in AvidXchange Holdings guide.

Capex To Revenue vs Capex To Depreciation

Capex To Revenue vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AvidXchange Holdings Capex To Revenue account and Capex To Depreciation. At this time, the significance of the direction appears to have strong relationship.
The correlation between AvidXchange Holdings' Capex To Revenue and Capex To Depreciation is 0.74. Overlapping area represents the amount of variation of Capex To Revenue that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of AvidXchange Holdings, assuming nothing else is changed. The correlation between historical values of AvidXchange Holdings' Capex To Revenue and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Revenue of AvidXchange Holdings are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Capex To Revenue i.e., AvidXchange Holdings' Capex To Revenue and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

0.74
Relationship DirectionPositive 
Relationship StrengthSignificant

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.
Most indicators from AvidXchange Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AvidXchange Holdings current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AvidXchange Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
For more information on how to buy AvidXchange Stock please use our How to Invest in AvidXchange Holdings guide.At this time, AvidXchange Holdings' Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.35 in 2024, whereas Selling General Administrative is likely to drop slightly above 87.5 M in 2024.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization30.7M32.8M35.9M33.2M
Interest Income661K7.2M19.1M20.0M

AvidXchange Holdings fundamental ratios Correlations

0.71-0.930.631.00.991.00.920.360.840.940.830.97-0.230.960.970.96-0.920.870.970.98-0.450.940.970.69-0.07
0.71-0.41-0.030.660.640.710.41-0.120.360.70.240.72-0.320.740.660.62-0.730.670.690.67-0.320.710.690.49-0.21
-0.93-0.41-0.86-0.95-0.96-0.92-0.99-0.61-0.92-0.89-0.97-0.90.05-0.89-0.93-0.940.84-0.81-0.93-0.940.36-0.88-0.92-0.56-0.11
0.63-0.03-0.860.680.70.630.870.740.820.650.920.640.310.620.70.72-0.590.620.680.68-0.070.640.680.250.42
1.00.66-0.950.681.01.00.950.430.860.950.870.97-0.170.960.980.96-0.930.890.980.98-0.40.950.970.66-0.01
0.990.64-0.960.71.00.990.960.490.870.950.890.97-0.140.970.980.96-0.930.890.980.99-0.370.960.970.630.03
1.00.71-0.920.631.00.990.920.360.830.940.820.97-0.240.960.970.96-0.920.870.970.97-0.450.940.970.69-0.07
0.920.41-0.990.870.950.960.920.620.890.880.960.90.040.90.950.91-0.880.870.930.93-0.240.90.910.560.2
0.36-0.12-0.610.740.430.490.360.620.570.50.710.450.550.490.520.46-0.420.490.520.510.280.530.42-0.140.63
0.840.36-0.920.820.860.870.830.890.570.840.90.85-0.020.820.830.88-0.750.730.840.85-0.330.80.860.410.12
0.940.7-0.890.650.950.950.940.880.50.840.830.99-0.020.990.940.97-0.910.90.970.96-0.30.970.990.40.14
0.830.24-0.970.920.870.890.820.960.710.90.830.830.090.810.850.87-0.770.770.850.85-0.240.820.850.40.23
0.970.72-0.90.640.970.970.970.90.450.850.990.83-0.080.990.960.97-0.930.910.980.97-0.340.970.990.490.08
-0.23-0.320.050.31-0.17-0.14-0.240.040.55-0.02-0.020.09-0.08-0.02-0.03-0.14-0.060.21-0.04-0.080.890.07-0.11-0.610.99
0.960.74-0.890.620.960.970.960.90.490.820.990.810.99-0.020.970.94-0.960.940.990.98-0.250.990.970.480.14
0.970.66-0.930.70.980.980.970.950.520.830.940.850.96-0.030.970.94-0.950.920.990.99-0.260.970.950.60.14
0.960.62-0.940.720.960.960.960.910.460.880.970.870.97-0.140.940.94-0.860.820.960.97-0.460.920.990.520.01
-0.92-0.730.84-0.59-0.93-0.93-0.92-0.88-0.42-0.75-0.91-0.77-0.93-0.06-0.96-0.95-0.86-0.99-0.94-0.920.1-0.98-0.91-0.55-0.22
0.870.67-0.810.620.890.890.870.870.490.730.90.770.910.210.940.920.82-0.990.920.890.030.970.890.430.36
0.970.69-0.930.680.980.980.970.930.520.840.970.850.98-0.040.990.990.96-0.940.921.0-0.290.980.970.550.12
0.980.67-0.940.680.980.990.970.930.510.850.960.850.97-0.080.980.990.97-0.920.891.0-0.340.970.960.580.08
-0.45-0.320.36-0.07-0.4-0.37-0.45-0.240.28-0.33-0.3-0.24-0.340.89-0.25-0.26-0.460.10.03-0.29-0.34-0.14-0.39-0.580.84
0.940.71-0.880.640.950.960.940.90.530.80.970.820.970.070.990.970.92-0.980.970.980.97-0.140.950.470.24
0.970.69-0.920.680.970.970.970.910.420.860.990.850.99-0.110.970.950.99-0.910.890.970.96-0.390.950.510.05
0.690.49-0.560.250.660.630.690.56-0.140.410.40.40.49-0.610.480.60.52-0.550.430.550.58-0.580.470.51-0.5
-0.07-0.21-0.110.42-0.010.03-0.070.20.630.120.140.230.080.990.140.140.01-0.220.360.120.080.840.240.05-0.5
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AvidXchange Holdings Account Relationship Matchups

AvidXchange Holdings fundamental ratios Accounts

201920202021202220232024 (projected)
Total Current Liabilities99.7M213.1M1.3B1.4B1.7B1.8B
Net Tangible Assets(571.6M)(689.2M)456.7M392.8M451.7M474.3M
Retained Earnings(423.6M)(672.3M)(871.9M)(974.8M)(1.0B)(971.1M)
Accounts Payable10.9M25.4M17.1M13.5M16.8M10.6M
Total Current Assets308.3M432.3M1.9B1.8B2.1B2.2B
Common Stock44.0K50.1K197K199K204K214.2K
Other Current Liab82.9M178.1M1.3B1.4B1.6B1.7B
Other Liab10.4M16.6M26.4M20.9M24.0M25.2M
Other Assets23.6M26.0M32.5M33.5M1.00.95
Other Stockholder Equity11.8M161.1M1.6B1.6B1.7B931.0M
Property Plant Equipment82.1M90.0M109.5M103.9M119.5M84.8M

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