Avnet Inc (AVT)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 844,400 | 963,839 | 1,087,317 | 1,150,033 | 1,186,801 | 1,187,827 | 1,148,606 | 1,061,305 | 939,011 | 772,316 | 585,592 | 431,141 | 281,400 | 165,327 | -38,117 | -48,863 | -4,627 | -36,587 | 232,258 | 281,833 |
| 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 |
| Operating profit margin | 3.55% | 3.89% | 4.25% | 4.40% | 4.47% | 4.51% | 4.36% | 4.17% | 3.86% | 3.33% | 2.71% | 2.11% | 1.44% | 0.90% | -0.21% | -0.28% | -0.03% | -0.20% | 1.25% | 1.48% |
June 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $844,400K ÷ $23,757,130K
= 3.55%
Over the past few quarters, Avnet Inc's operating profit margin has shown a somewhat fluctuating trend. The margin has ranged from a low of -0.28% to a high of 4.51% over the past 20 quarters. It is noticeable that the margin has generally been positive, indicating that the company has been able to generate profits from its operations.
In recent quarters, there appears to be a slight decline in the operating profit margin, with a decrease from 4.51% in the first quarter of 2023 to 3.55% in the most recent quarter ending June 30, 2024. While the margin has decreased, it still remains above 3%, suggesting that Avnet Inc is effectively managing its operating expenses relative to its revenue.
Despite the fluctuations, the company seems to have made efforts to improve its operating efficiency, as evidenced by the increase in the margin from 1.48% in the last quarter of 2019 to 4.51% in the first quarter of 2023. Overall, monitoring the trend in Avnet Inc's operating profit margin will be crucial to understanding its ability to generate profits from its core business activities.
Peer comparison
Jun 30, 2024