Avnet Inc (AVT)
Receivables turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 17,634,340 | 18,155,550 | 18,544,550 | 19,058,720 |
| Receivables | US$ in thousands | 4,391,190 | 4,315,060 | 4,508,740 | 4,679,690 | 4,763,790 | — | 4,789,400 | — | 4,301,000 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 5.41 | 5.74 | 5.68 | 5.58 | 5.57 | — | 5.50 | — | 5.65 | — | — | — | — | — | — | — | — | — | — | — |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $23,757,130K ÷ $4,391,190K
= 5.41
The receivables turnover ratio for Avnet Inc has been relatively consistent over the past few quarters, ranging from 5.41 to 5.74. This ratio indicates how many times during a period, on average, the company collects its accounts receivable balance. A higher receivables turnover ratio generally indicates that the company collects its outstanding receivables more quickly.
The slight fluctuations in the receivables turnover ratio suggest that Avnet Inc has been managing its accounts receivable effectively. However, it would be beneficial to compare the ratio with industry benchmarks to determine if the company is performing well relative to its peers.
Overall, the consistent and relatively high receivables turnover ratio of Avnet Inc reflects its ability to efficiently collect on credit sales, which is a positive indicator of the company's liquidity and operational efficiency.
Peer comparison
Jun 30, 2024