Avnet Inc (AVT)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 12,209,100 | 12,325,200 | 12,997,200 | 12,646,500 | 12,477,200 | 12,109,300 | 11,929,900 | 10,968,400 | 10,388,500 | 9,781,670 | 9,580,870 | 9,211,310 | 8,925,400 | 8,365,920 | 8,264,310 | 8,381,400 | 8,105,200 | 8,089,730 | 8,525,110 | 8,913,340 |
| Operating ROA | 6.92% | 7.82% | 8.37% | 9.09% | 9.51% | 9.81% | 9.63% | 9.68% | 9.04% | 7.90% | 6.11% | 4.68% | 3.15% | 1.98% | -0.46% | -0.58% | -0.06% | -0.45% | 2.72% | 3.16% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $844,400K ÷ $12,209,100K
= 6.92%
Operating return on assets (ROA) is a key financial ratio that indicates how efficiently a company generates operating income relative to its total assets. Avnet Inc's operating ROA has shown fluctuation over the past few quarters. It stood at 6.92% as of June 30, 2024, indicating that the company generated operating income equal to 6.92% of its total assets for that period.
The trend of Avnet's operating ROA has been generally positive from the end of 2019 to mid-2020, with the ratio increasing steadily. However, there was a slight decline in the ratio in the latter part of 2020 and the first quarter of 2021, before bouncing back and reaching a peak of 9.81% in the first quarter of 2023.
Subsequently, there was a slight decrease in the operating ROA in the latter part of 2023 and the first half of 2024. Despite the fluctuations, Avnet's operating ROA has generally remained positive, indicating that the company has been efficient in generating operating income from its assets.
Overall, Avnet Inc's operating ROA trend highlights the company's ability to generate operating income relative to its total assets, with some variability in performance over the analyzed periods. Continuously monitoring and analyzing this ratio can help stakeholders assess the company's operational efficiency and financial health.
Peer comparison
Jun 30, 2024