Avnet Inc (AVT)
Fixed asset turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 22,200,800 | 23,757,100 | 26,536,900 | 24,310,700 | 19,534,700 |
| Property, plant and equipment | US$ in thousands | — | — | 441,557 | 542,342 | 1,268,880 |
| Fixed asset turnover | — | — | 60.10 | 44.83 | 15.40 |
June 30, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $22,200,800K ÷ $—K
= —
The fixed asset turnover ratio for Avnet Inc. demonstrates a substantial upward trend over the analyzed periods. As of June 30, 2021, the ratio was 15.40, indicating that for each dollar invested in fixed assets, the company generated approximately \$15.40 in sales. By June 30, 2022, this ratio increased markedly to 44.83, reflecting a significant enhancement in the efficiency with which the company utilizes its fixed assets to generate sales. Continuing this trajectory, the ratio further improved to 60.10 as of June 30, 2023, representing an even more optimized utilization of fixed assets.
This increasing trend suggests that Avnet Inc. has significantly improved its ability to convert its investment in fixed assets into sales over this period. Such growth could be attributable to various factors, including increased operational efficiency, better asset management, strategic capital investments leading to higher asset productivity, or a change in sales mix favoring more asset-light products or services.
The absence of data beyond June 30, 2023, precludes conclusions regarding subsequent performance in fiscal years 2024 and 2025. Nonetheless, the substantial rise from 15.40 to 60.10 within two years indicates a noteworthy enhancement in fixed asset utilization efficiency during this period.
Peer comparison
Jun 30, 2025