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AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in the United States. The company offers AP automat...
The following section summarizes insights on AvidXchange Holdings Inc's Sloan Ratio:
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Sloan Ratio in the risk category include:
A formula developed by Richard Sloan in 1996 that measures the degree of accruals versus reported earnings.
Sloan Ratio is defined as:
Accruals
(/) Average Total Assets
(=) Sloan Ratio
where Accruals = Net Income - Cash from Operations - Cash from Investing
Sloan Ratio for AvidXchange is calculated as follows:
(+) Net Income [ 8.145 M ]
(-) Cash Flow From Operations [ -71.934 M ]
(-) Cash Flow From Investing [ 11.31 M ]
(=) Accruals [ -52.479 M ]
Accrual [ -52.479 M ]
(/) Average Assets over Period [ 2.287 B ]
(=) Sloan Ratio [ −2.3% ]
A Sloan Ratio between -10% and 10% is generally considered safe. If the Sloan ratio exceeds 25% or is less than -25% for consecutive years may be cause for concern. AvidXchange has a Sloan ratio in the Safe Zone.
The chart above depicts the distribution of sloan ratio for companies operating in the Financials sector in the Developed economic region. Over 2,890 companies were considered in this analysis, and 2,779 had meaningful values. The average sloan ratio of companies in the sector is -3.0% with a standard deviation of 22.3%.
AvidXchange Holdings Inc's Sloan Ratio of -2.3% ranks in the 29.9% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 2,895 |
| Included Constituents | 2,779 |
| Min | -145.5% |
| Max | 64.6% |
| Median | 0.8% |
| Mean | -3.0% |
| Standard Deviation | 22.3% |
You can find companies with similar sloan ratio using this stock screener.