Avnet Inc (AVT)
Total asset 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 |
| Total assets | US$ in thousands | 12,209,100 | 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 | 8,925,400 | 8,365,920 | 8,264,310 | 8,381,400 | 8,105,200 | 8,089,730 | 8,525,110 | 8,913,340 |
| Total asset turnover | 1.95 | 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 | 2.18 | 2.24 | 2.18 | 2.14 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $23,757,130K ÷ $12,209,100K
= 1.95
Avnet Inc's total asset turnover ratio has shown a consistent and stable performance over the last few years. The company has been effectively utilizing its assets to generate revenue, with the ratio ranging from 1.95 to 2.37 in the past eight quarters. This indicates that for every dollar of assets held by the company, it has generated between $1.95 and $2.37 in revenue.
The trend shows a slight decrease from a high of 2.37 in March 2022 to around 2.14 to 2.21 in recent quarters. While this may suggest a slight decline in efficiency in generating revenue from its assets, the ratio still remains relatively high, indicating that Avnet Inc continues to efficiently utilize its assets to generate revenue. Overall, the total asset turnover ratio reflects the company's operational efficiency and effectiveness in managing its assets to drive revenue growth.
Peer comparison
Jun 30, 2024