Avnet Inc (AVT)
Net profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 498,699 | 770,828 | 692,379 | 193,114 | -31,081 |
| Revenue | US$ in thousands | 23,757,100 | 26,536,900 | 24,310,700 | 19,534,700 | 17,634,300 |
| Net profit margin | 2.10% | 2.90% | 2.85% | 0.99% | -0.18% |
June 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $498,699K ÷ $23,757,100K
= 2.10%
The net profit margin of Avnet Inc has displayed varying performance over the past five years. In Jun 30, 2024, the net profit margin decreased to 2.10% from the previous year, which recorded 2.90% in Jun 30, 2023. The decrease in net profit margin might indicate a slight decline in the company's profitability compared to the prior year. However, it is important to note that despite the decrease, the net profit margin in Jun 30, 2024 remains positive, reflecting that Avnet Inc is still able to generate profit from its operations.
Looking back further, in Jun 30, 2022, the net profit margin was 2.85%, slightly higher than the current year but in line with the range of profitability seen in recent years. In Jun 30, 2021, the net profit margin was 0.99%, indicating improved profitability compared to the previous year. On the other hand, in Jun 30, 2020, Avnet Inc reported a negative net profit margin of -0.18%, which suggests that the company incurred losses during that period.
Overall, while the net profit margin of Avnet Inc has fluctuated over the past five years, the company has generally maintained positive profitability levels. It is essential for investors and stakeholders to monitor these trends to assess the company's financial health and performance over time.
Peer comparison
Jun 30, 2024