Avnet Inc (AVT)
Days of inventory on hand (DOH)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.78 | 3.74 | 3.80 | 3.63 | 3.84 | 3.79 | 3.68 | 3.99 | 4.27 | 4.34 | 4.66 | 4.81 | 5.03 | 5.52 | 5.37 | 5.49 | 5.34 | 5.94 | 5.62 | 5.33 | |
| DOH | days | 96.44 | 97.59 | 96.01 | 100.45 | 95.09 | 96.27 | 99.10 | 91.49 | 85.41 | 84.19 | 78.29 | 75.84 | 72.57 | 66.07 | 68.03 | 66.54 | 68.32 | 61.44 | 64.90 | 68.50 |
June 30, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.78
= 96.44
The analysis of Avnet Inc.'s days of inventory on hand (DOH) over the specified periods reveals a consistent upward trend from the fiscal year ending September 30, 2020, through the subsequent periods extending into 2025. Starting at approximately 68.50 days as of September 30, 2020, the DOH gradually decreased to around 61.44 days by March 31, 2021, indicating a period of improved inventory turnover. However, this improvement was short-lived, as the DOH reverted to higher levels, reaching approximately 68.32 days by June 30, 2021, and remaining relatively stable into late 2021.
A notable increase is observed beginning in late 2021 and continuing through 2022 and 2023, where the DOH progressively rises from about 68.03 days at December 31, 2021, to approximately 85.41 days on June 30, 2023. This indicates a lengthening of inventory holding periods, suggesting that inventory was remaining on hand longer than in previous periods. The trend accelerates further, with the DOH reaching approximately 91.49 days on September 30, 2023, and escalating to approximately 99.10 days by December 31, 2023.
Further periods into 2024 and 2025 show a stabilization at elevated levels, with DOH values fluctuating slightly but generally remaining near the 96 to 97 days range, with a peak around 97.59 days recorded at March 31, 2025. These data points collectively reflect a significant increase in inventory holding durations over the analyzed timeframe, implying potential challenges in inventory management or shifts in supply chain efficiency, product demand, or inventory strategy.
Overall, the trend indicates that Avnet Inc. has experienced a substantial elongation in inventory days, particularly from late 2021 onward, which could have implications for working capital utilization and overall operational efficiency.
Peer comparison
Jun 30, 2025