Avnet Inc (AVT)
Total asset 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 |
| Total assets | US$ in thousands | 12,118,600 | 11,712,300 | 11,942,900 | 12,597,600 | 12,259,100 | 12,325,200 | 12,997,200 | 12,646,500 | 12,477,200 | 12,109,300 | 11,929,900 | 10,968,400 | 10,388,500 | 9,781,670 | 9,580,870 | 9,211,310 | 8,925,420 | 8,365,920 | 8,264,310 | 8,381,400 |
| Total asset turnover | 1.83 | 1.89 | 1.88 | 1.83 | 1.94 | 2.01 | 1.97 | 2.07 | 2.13 | 2.18 | 2.21 | 2.32 | 2.34 | 2.37 | 2.25 | 2.21 | 2.19 | 2.21 | 2.16 | 2.12 |
June 30, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $22,200,750K ÷ $12,118,600K
= 1.83
The total asset turnover ratio of Avnet Inc demonstrates periods of moderate fluctuation over the specified timeframe. Starting from a value of 2.12 as of September 30, 2020, the ratio experienced a gradual upward trend, reaching its peak at 2.37 by March 31, 2022. This indicates that during this period, Avnet was generating higher sales revenue per dollar of assets, reflecting improved asset utilization efficiency.
Subsequently, the ratio displayed a declining trend, falling to 2.21 by December 31, 2022, and further decreasing to approximately 2.07 by September 30, 2023. The downward trajectory continued into the next periods, reaching approximately 1.83 as of September 30, 2024, and remaining relatively stable with minor fluctuations thereafter, with a marginal increase to approximately 1.89 by March 31, 2025.
Overall, the pattern suggests an initial phase of improved efficiency in utilizing assets to generate sales, followed by a period of declining asset turnover efficiency. The decreasing trend in recent periods indicates that Avnet has been generating relatively less sales revenue per dollar of assets, which could be attributed to various factors such as changes in sales volume, shifts in asset management strategies, or sector-wide market conditions affecting operational efficiency.
Peer comparison
Jun 30, 2025