Avnet Inc (AVT)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 498,699 | 571,289 | 669,881 | 795,836 | 770,829 | 862,396 | 858,387 | 765,322 | 692,379 | 530,911 | 454,978 | 323,320 | 193,113 | 159,919 | -76,226 | -91,721 | -31,080 | -115,077 | 101,632 | 134,365 |
| 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 |
| Net profit margin | 2.10% | 2.31% | 2.62% | 3.05% | 2.90% | 3.27% | 3.26% | 3.00% | 2.85% | 2.29% | 2.11% | 1.59% | 0.99% | 0.87% | -0.43% | -0.52% | -0.18% | -0.63% | 0.55% | 0.71% |
June 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $498,699K ÷ $23,757,130K
= 2.10%
The net profit margin of Avnet Inc has fluctuated over the past several quarters. From December 2019 to March 2021, the net profit margins were negative, indicating that the company was experiencing losses during that period. However, there has been a steady improvement in profitability since June 2021, with the net profit margin turning positive.
The net profit margin peaked at 3.27% in March 2023, showing that the company was able to generate more profit relative to its revenue during that quarter. Subsequently, there was a slight decline in profitability, with the net profit margin ranging between 2.10% to 2.85% in the most recent quarters.
Overall, the trend indicates a gradual recovery in Avnet Inc's profitability, with the company being able to control costs and improve efficiency to enhance its bottom line. It will be important for the company to continue monitoring and managing its expenses and revenue streams to sustain and potentially further improve its net profit margin in the future.
Peer comparison
Jun 30, 2024