Avnet Inc (AVT)
Total asset 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 |
| Total assets | US$ in thousands | 12,118,600 | 12,209,100 | 12,477,200 | 10,388,500 | 8,925,420 |
| Total asset turnover | 1.83 | 1.95 | 2.13 | 2.34 | 2.19 |
June 30, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $22,200,800K ÷ $12,118,600K
= 1.83
The total asset turnover ratio for Avnet Inc has demonstrated notable fluctuations over the analyzed period from June 30, 2021, to June 30, 2025. Starting at 2.19 in 2021, the ratio increased to 2.34 in 2022, indicating an improvement in the company's efficiency in generating sales from its assets during that year. However, subsequent years experienced a decline: the ratio decreased to 2.13 in 2023, suggesting a reduction in asset utilization efficiency. The downward trend continued with the ratios declining further to 1.95 in 2024 and ultimately reaching 1.83 in 2025.
This overall decrease from the peak in 2022 points to a trend of diminishing asset efficiency over the last two fiscal years. The declining total asset turnover could be attributed to various factors, such as increased asset base without a proportional rise in sales, changes in operational efficiency, or shifts in market conditions impacting sales relative to assets. Overall, the data indicates that while Avnet Inc saw an improvement in asset utilization in 2022, recent years have been characterized by a deterioration in this efficiency metric.
Peer comparison
Jun 30, 2025