Avnet Inc (AVT)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,766,443 | 2,941,584 | 3,084,159 | 3,162,075 | 3,182,142 | 3,143,752 | 3,144,937 | 3,073,872 | 2,965,392 | 2,830,708 | 2,586,025 | 2,384,243 | 2,240,630 | 2,070,754 | 2,021,337 | 2,035,697 | 2,063,456 | 2,183,510 | 2,288,772 | 2,393,192 |
| 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 |
| Gross profit margin | 11.64% | 11.89% | 12.04% | 12.10% | 11.99% | 11.93% | 11.95% | 12.07% | 12.20% | 12.22% | 11.98% | 11.69% | 11.47% | 11.21% | 11.32% | 11.48% | 11.70% | 12.03% | 12.34% | 12.56% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,766,443K ÷ $23,757,130K
= 11.64%
The gross profit margin of Avnet Inc has shown some fluctuations over the past few quarters. The margin has generally ranged between 11.21% and 12.34% over the last eight quarters. There was a peak of 12.56% in December 2019, followed by a gradual decrease to a low of 11.21% in March 2021. Subsequently, the margin has shown some variability but has generally remained within the 11.21% to 12.34% range.
Overall, the gross profit margin of Avnet Inc has demonstrated stability with minor fluctuations, indicating the company's ability to effectively manage its cost of goods sold and generate profits from its core business activities.
Peer comparison
Jun 30, 2024