Avnet Inc (AVT)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 632,262 | 721,332 | 862,971 | 1,012,547 | 982,877 | 1,041,024 | 1,045,462 | 934,107 | 833,335 | 676,496 | 498,592 | 341,216 | 172,929 | 65,084 | -163,123 | -186,918 | -129,583 | -175,089 | 101,673 | 155,607 |
| 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 |
| Pretax margin | 2.66% | 2.91% | 3.37% | 3.88% | 3.70% | 3.95% | 3.97% | 3.67% | 3.43% | 2.92% | 2.31% | 1.67% | 0.89% | 0.35% | -0.91% | -1.05% | -0.73% | -0.96% | 0.55% | 0.82% |
June 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $632,262K ÷ $23,757,130K
= 2.66%
The pretax margin of Avnet Inc has shown fluctuations over the past several quarters, ranging from negative values to positive values. The pretax margin indicates the company's efficiency in generating profits before considering taxes as a percentage of total revenue.
In the most recent quarter, Jun 30, 2024, the pretax margin was 2.66%, which is slightly lower than the previous quarter but still within a reasonable range. This suggests that the company is able to maintain a decent level of profitability relative to its revenue.
It's important to note that the pretax margin has generally been improving since the negative values seen in late 2020 and early 2021. This improvement indicates that the company may have implemented cost-cutting measures or increased revenue generation strategies to enhance profitability.
Overall, while there have been fluctuations, the trend in the pretax margin for Avnet Inc appears to be positive in recent quarters, signaling the company's efforts to improve its operational efficiency and profitability.
Peer comparison
Jun 30, 2024