Avnet Inc (AVT)
Gross profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,766,440 | 3,182,140 | 2,965,390 | 2,240,630 | 2,063,460 |
| Revenue | US$ in thousands | 23,757,100 | 26,536,900 | 24,310,700 | 19,534,700 | 17,634,300 |
| Gross profit margin | 11.64% | 11.99% | 12.20% | 11.47% | 11.70% |
June 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,766,440K ÷ $23,757,100K
= 11.64%
The gross profit margin of Avnet Inc has shown a slight decrease in recent years, declining from 12.20% in June 2022 to 11.64% in June 2024. This indicates that the company's profitability from sales after accounting for the cost of goods sold has been slightly eroding over this period. While the margin fluctuated between 11.47% and 11.99% in the years prior to 2022, the downward trend suggests a need for management to potentially focus on cost control measures or pricing strategies to improve profitability. It is essential for Avnet Inc to closely monitor its gross profit margin and take necessary actions to sustain or enhance it in the future.
Peer comparison
Jun 30, 2024