AvidXchange Holdings Inc (AVDX)
11.24
+0.02
(+0.18%)
USD |
NASDAQ |
May 14, 16:00
11.24
0.00 (0.00%)
After-Hours: 20:00
AvidXchange Holdings Gross Profit Margin (Quarterly): 71.28% for March 31, 2024
Gross Profit Margin (Quarterly) Chart
Historical Gross Profit Margin (Quarterly) Data
| Date | Value |
|---|---|
| March 31, 2024 | 71.28% |
| December 31, 2023 | 70.36% |
| September 30, 2023 | 68.82% |
| June 30, 2023 | 66.85% |
| March 31, 2023 | 66.05% |
| December 31, 2022 | 63.81% |
| September 30, 2022 | 63.73% |
| June 30, 2022 | 62.15% |
| Date | Value |
|---|---|
| March 31, 2022 | 60.95% |
| December 31, 2021 | 58.50% |
| September 30, 2021 | 60.43% |
| June 30, 2021 | 60.84% |
| March 31, 2021 | 59.18% |
| December 31, 2020 | 58.16% |
| September 30, 2020 | 55.94% |
Gross Profit Margin Definition
Gross Profit Margin is calculated using Gross Profit/Revenue. This metric measures the overall efficiency of a company in being able to turn revenue into gross profit and doing this by keeping cost of goods sold low. An analyst looking at gross profit margin might look for a higher gross profit margin relative to other comparable companies as well as a gross profit margin that is growing.
Gross Profit Margin (Quarterly) Range, Past 5 Years
55.94%
Minimum
Sep 2020
71.28%
Maximum
Mar 2024
63.14%
Average
62.15%
Median
Jun 2022
Gross Profit Margin (Quarterly) Benchmarks
| Asure Software Inc | 71.42% |
| Digimarc Corp | 62.51% |
| PDF Solutions Inc | 67.25% |
| Creative Realities Inc | 51.83% |
| Aspen Technology Inc | 66.58% |
Gross Profit Margin (Quarterly) Related Metrics
| Return on Equity | -4.95% |
| Return on Assets | -1.50% |
| Return on Invested Capital | -4.41% |
| Profit Margin (Quarterly) | -0.96% |
| Operating Margin (Quarterly) | -3.74% |
| Return on Net Operating Assets | -7.84% |