AvidXchange Change To Inventory vs 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 Change To Inventory and its 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.

Change To Inventory vs Depreciation

Change To Inventory vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AvidXchange Holdings Change To Inventory account and Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between AvidXchange Holdings' Change To Inventory and Depreciation is -0.39. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of 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' Change To Inventory and 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 Change To Inventory of AvidXchange Holdings are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change To Inventory i.e., AvidXchange Holdings' Change To Inventory and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.39
Relationship DirectionNegative 
Relationship StrengthInsignificant

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Depreciation

Depreciation indicates how much of AvidXchange Holdings value has been used up. For tax purposes AvidXchange Holdings can deduct the cost of the tangible assets it purchases as business expenses. However, AvidXchange Holdings must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
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
Click cells to compare fundamentals

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

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

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.