Avnet Inc (AVT)
Receivables 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 |
| Receivables | US$ in thousands | 4,327,450 | 4,391,190 | 4,763,790 | 4,301,000 | 3,576,130 |
| Receivables turnover | 5.13 | 5.41 | 5.57 | 5.65 | 5.46 |
June 30, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $22,200,800K ÷ $4,327,450K
= 5.13
The receivables turnover ratio for Avnet Inc. demonstrates a generally stable yet slightly declining trend over the observed period from June 30, 2021, to June 30, 2025. Specifically, the ratio was 5.46 in 2021, increased marginally to 5.65 in 2022, indicating an improvement in the efficiency of collecting accounts receivable. However, in 2023, the ratio slightly decreased to 5.57, suggesting a minor slowdown in receivables collection efficiency compared to the previous year. The downward trend continued in 2024 to 5.41, and further declined to 5.13 in 2025.
This gradual decline in the receivables turnover ratio indicates that Avnet's ability to efficiently collect its receivables has been diminishing over the period. A lower receivables turnover ratio suggests that more time is taking to convert receivables into cash, which could imply evolving credit policies, shifts in customer payment behaviors, or external economic factors impacting cash collections. Despite these fluctuations, the overall ratio remains within a relatively consistent range, underscoring stable collection processes, albeit with a downward drift implying some deterioration in collection efficiency over time.
Peer comparison
Jun 30, 2025