Avnet Inc (AVT)
Receivables 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 |
| Receivables | US$ in thousands | 4,327,450 | 4,095,480 | 4,421,430 | 4,575,850 | 4,391,190 | 4,315,060 | 4,508,740 | 4,679,690 | 4,763,790 | 4,670,640 | 4,789,400 | 4,591,020 | 4,301,000 | 4,164,570 | 4,077,710 | 3,720,300 | 3,576,130 | 3,365,680 | 3,105,320 | 2,964,530 |
| Receivables turnover | 5.13 | 5.41 | 5.09 | 5.03 | 5.41 | 5.74 | 5.68 | 5.58 | 5.57 | 5.64 | 5.50 | 5.55 | 5.65 | 5.56 | 5.30 | 5.48 | 5.46 | 5.49 | 5.75 | 5.98 |
June 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $22,200,750K ÷ $4,327,450K
= 5.13
The receivables turnover ratio for Avnet Inc. demonstrates a generally stable trend over the period analyzed, with slight fluctuations. Starting at 5.98 times as of September 30, 2020, the ratio exhibits a gradual decline through the subsequent quarters, reaching a low of 5.03 times by September 30, 2024. This decline indicates that, on average, the company is collecting its receivables somewhat less frequently over this period.
Between September 2020 and September 2024, the ratio fluctuates within a narrow range, suggesting stable credit and collection policies, although minor variations could reflect shifts in customer payment behavior or changes in credit policies. Notably, from September 2024 to the end of March 2025, there is a modest increase to 5.41, indicating a slight improvement in collection efficiency. However, in the subsequent quarters, the ratio declines again, reaching 5.13 by June 2025.
Overall, the receivables turnover ratio indicates that Avnet Inc. maintains a consistent approach to its receivables collection, with slight variability. The ratio within the 5.0 to 6.0 range suggests that the company's receivables are generally converted into cash approximately every 65 to 73 days (assuming a 360-day year), which is typical within the electronics distribution industry. The stability of this ratio implies effective receivables management, although the gradual decline in the ratio over time may warrant ongoing monitoring for signs of collection inefficiencies or changes in customer creditworthiness.
Peer comparison
Jun 30, 2025