Avnet Inc (AVT)
Pretax margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 632,263 | 982,876 | 833,334 | 172,929 | -129,585 |
| Revenue | US$ in thousands | 23,757,100 | 26,536,900 | 24,310,700 | 19,534,700 | 17,634,300 |
| Pretax margin | 2.66% | 3.70% | 3.43% | 0.89% | -0.73% |
June 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $632,263K ÷ $23,757,100K
= 2.66%
The pretax margin of Avnet Inc has fluctuated over the past five years. In the most recent fiscal year ending June 30, 2024, the company's pretax margin was 2.66%, which represents a decrease compared to the previous year when it was 3.70%. Despite the slight decrease, the pretax margin for 2024 remains positive, indicating that the company is generating some level of profit before accounting for taxes.
Looking back further, the pretax margin has shown variability. In the fiscal year ending June 30, 2023, the pretax margin was higher at 3.70% compared to the year before at 3.43%. This suggests some level of profitability improvement in 2023. In contrast, the company experienced a lower pretax margin in the fiscal year ending June 30, 2021, at 0.89%, which indicates a decrease in profitability during that period.
It is notable that in the fiscal years ending June 30, 2021 and June 30, 2020, Avnet Inc had pretax margins of 0.89% and -0.73% respectively, signaling that the company experienced losses as its expenses exceeded its revenues during those years.
Overall, the trend in Avnet Inc's pretax margin demonstrates fluctuations in profitability levels over the past five years, reflecting varying financial performance outcomes. Further analysis of the company's operations and cost management strategies may provide insights into the factors driving these fluctuations in pretax margin.
Peer comparison
Jun 30, 2024