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Sloan Ratio for AvidXchange Holdings Inc

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AVDX: AvidXchange Holdings Inc

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...

8.42 USD
Price
USD
Fair Value
Upside
6.61 - 13.49
52-week range

Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on AvidXchange Holdings Inc's Sloan Ratio:

Dec 2016Dec 2018Dec 2020Dec 2022Dec 20240.0%10.0%20.0%30.0%

Performance Summary
  • AvidXchange's latest twelve months sloan ratio is -2.3%
  • AvidXchange's sloan ratio for fiscal years ending December 2020 to 2024 averaged -2.0%.
  • AvidXchange's operated at median sloan ratio of -3.1% from fiscal years ending December 2020 to 2024.
  • Looking back at the last 5 years, AvidXchange's sloan ratio peaked in December 2022 at 3.0%.
  • AvidXchange's sloan ratio hit its 5-year low in December 2023 of -4.6%.
  • AvidXchange's sloan ratio decreased in 2020 (-3.2%, -110.7%) and 2023 (-4.6%, -251.6%) and increased in 2021 (-3.1%, -0.9%), 2022 (3.0%, -196.6%), and 2024 (-2.3%, -50.0%).

Benchmarks

Metric Usage: Sloan Ratio

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sloan_ratio
Slug
number
Datatype
text
Format
current
Default Period
FY, LTM
Periods Supported
Free
Plan

To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Sloan Ratio in the risk category include:

  • Long-term Debt / Equity - A ratio that measures the level of the long-term debt relative to the book value of common equity.
  • Cash Flow / Total Debt - A ratio used in two ways - a) to measure cash flow coverage and b) the inverse ratio to estimate the length of time needed to pay off debts.
  • Total Debt / EBITDA - A ratio that is calculated as Total Debt (including Capital Leases) divided by EBITDA.
  • FCF / OCF - A ratio that measures the amount of free cash flows (FCF) for each dollar of operating cash flows (OCF).
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Sloan Ratio

A formula developed by Richard Sloan in 1996 that measures the degree of accruals versus reported earnings.

Definition of Sloan Ratio

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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.


Click the link below to download a spreadsheet with an example Sloan Ratio calculation for AvidXchange Holdings Inc below:

Sector Benchmark Analysis

Sector
Industry Group
Industry
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-146.5%-91.5%-36.5%67.3%0200400600800

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:

Sloan Ratio In The Financials Sector
Economic Risk RegionDeveloped
Total Constituents2,895
Included Constituents2,779
Min-145.5%
Max64.6%
Median0.8%
Mean-3.0%
Standard Deviation22.3%

You can find companies with similar sloan ratio using this stock screener.

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