Avnet Inc (AVT)
Operating profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 844,400 | 1,186,800 | 939,011 | 281,400 | -4,628 |
| Revenue | US$ in thousands | 23,757,100 | 26,536,900 | 24,310,700 | 19,534,700 | 17,634,300 |
| Operating profit margin | 3.55% | 4.47% | 3.86% | 1.44% | -0.03% |
June 30, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $844,400K ÷ $23,757,100K
= 3.55%
Avnet Inc's operating profit margin has shown fluctuations over the past five years. In the fiscal year ending June 30, 2024, the operating profit margin was 3.55%, marking a decrease from the previous year but still higher than the levels seen in 2020 and 2021. This may indicate some level of operational efficiency, although the margin has not yet reached the level seen in 2023.
In the fiscal year ending June 30, 2023, the company experienced a higher operating profit margin of 4.47%, reflecting improved profitability compared to the previous year. This could be a result of effective cost management or increased revenue generation.
In fiscal year 2022, Avnet Inc's operating profit margin was 3.86%, indicating a relatively stable performance compared to the prior year. However, it is important to note that there was a noticeable improvement from the negative operating profit margin of -0.03% recorded in 2020, suggesting potential efforts to improve profitability.
The operating profit margin of 1.44% in fiscal year 2021 showed a marginal increase from the negative margin in 2020, potentially signaling a turnaround in the company's operational performance. However, the margin is relatively low compared to the levels seen in the subsequent years.
Overall, Avnet Inc's operating profit margin trend suggests a mix of challenges and improvements in profitability over the five-year period, indicating the need for continued focus on operational efficiency and cost management strategies to enhance overall financial performance.
Peer comparison
Jun 30, 2024