Avnet Inc (AVT)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 23,757,100 | 26,536,900 | 24,310,700 | 19,534,700 | 17,634,300 |
| Receivables | US$ in thousands | 4,391,190 | 4,763,790 | 4,301,000 | 3,576,130 | 3,632,190 |
| Receivables turnover | 5.41 | 5.57 | 5.65 | 5.46 | 4.86 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $23,757,100K ÷ $4,391,190K
= 5.41
The receivables turnover ratio of Avnet Inc has shown a relatively stable trend over the past five years. The company's ability to efficiently convert its accounts receivables into cash has been consistent, with ratios ranging between 4.86 and 5.65. The slight fluctuations in the receivables turnover indicate that Avnet Inc has been managing its credit sales effectively, maintaining a balance between extending credit to customers and collecting payments in a timely manner. In the most recent fiscal year, the receivables turnover ratio was 5.41, reflecting a continued strong performance in this area. Overall, the company's consistent and healthy receivables turnover ratios suggest effective credit management practices and sound liquidity management.
Peer comparison
Jun 30, 2024