Avnet Inc (AVT)
Working capital turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 23,757,100 | 26,536,900 | 24,310,700 | 19,534,700 | 17,634,300 |
| Total current assets | US$ in thousands | 10,370,600 | 10,750,900 | 8,876,630 | 7,163,420 | 6,328,810 |
| Total current liabilities | US$ in thousands | 4,465,270 | 4,249,380 | 4,251,650 | 3,055,240 | 2,280,370 |
| Working capital turnover | 4.02 | 4.08 | 5.26 | 4.76 | 4.36 |
June 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $23,757,100K ÷ ($10,370,600K – $4,465,270K)
= 4.02
The working capital turnover of Avnet Inc has shown fluctuating trends over the past five years. The metric ranged from a low of 4.02 in 2024 to a high of 5.26 in 2022. This ratio measures how efficiently the company is using its working capital to generate revenue. A higher turnover ratio typically indicates that the company is effectively managing its working capital to support its operations and sales. The decreasing trend from 5.26 in 2022 to 4.02 in 2024 suggests a potential decline in the efficiency of Avnet Inc's working capital utilization during this period. It is important for the company to closely monitor and manage its working capital turnover to ensure optimal operational efficiency and financial performance.
Peer comparison
Jun 30, 2024