Avnet Inc (AVT)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 22,200,750 | 22,145,930 | 22,484,100 | 23,025,630 | 23,757,130 | 24,748,760 | 25,609,790 | 26,122,400 | 26,536,880 | 26,354,920 | 26,328,440 | 25,476,140 | 24,310,710 | 23,164,790 | 21,593,360 | 20,396,310 | 19,534,670 | 18,467,640 | 17,860,750 | 17,727,390 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | — | 441,557 | 400,320 | 378,269 | 527,028 | 542,342 | 323,420 | 586,219 | 609,487 | 1,268,880 | 656,745 | 403,270 | 404,136 |
| Fixed asset turnover | — | — | — | — | — | — | — | — | 60.10 | 65.83 | 69.60 | 48.34 | 44.83 | 71.62 | 36.83 | 33.46 | 15.40 | 28.12 | 44.29 | 43.86 |
June 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $22,200,750K ÷ $—K
= —
The fixed asset turnover ratio for Avnet Inc has exhibited significant fluctuations over the analyzed periods. From September 30, 2020, through December 31, 2021, the ratio demonstrated variability, with a notable decline reaching a low of 15.40 on June 30, 2021, indicative of reduced efficiency in generating sales from the company's fixed assets during that period. This low point corresponds to a period of operational adjustment or possibly increased capital investments without immediate corresponding sales growth.
Subsequently, starting from March 31, 2022, the ratio experienced a substantial surge, reaching a peak of 71.62. This sharp increase suggests a period where fixed assets became highly effective in generating sales, potentially reflecting optimization, asset utilization improvements, or successful strategic initiatives that enhanced revenue generation relative to fixed asset base.
Following this peak, the ratio exhibited a declining downward trend, with values at 44.83 and 48.34 on June 30, 2022, and September 30, 2022, respectively. Despite the decrease, the ratio remained relatively high, indicating sustained efficiency levels, albeit somewhat diminished from the peak.
By the end of 2022 and into early 2023, the ratio maintained elevated levels at 69.60 and 65.83, suggesting continued strong utilization of fixed assets in generating sales. In mid-2023, the ratio declined slightly to 60.10, reflecting a modest reduction in relative efficiency.
Throughout the analyzed period, the fluctuations likely correspond to changes in asset base investments, operational adjustments, or shifts in sales volume relative to fixed assets. The high peaks denote periods of exceptional asset productivity, while the lows suggest phases of asset deployment without concurrent sales increases or possible asset expansion. Overall, the data indicates periods of both efficiency enhancements and challenges in maintaining consistent fixed asset productivity over time.
Peer comparison
Jun 30, 2025