Avnet Inc (AVT)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 11.64% | 11.89% | 12.04% | 12.10% | 11.99% | 11.93% | 11.95% | 12.07% | 12.20% | 12.22% | 11.98% | 11.69% | 11.47% | 11.21% | 11.32% | 11.48% | 11.70% | 12.03% | 12.34% | 12.56% |
| 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% |
| 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% |
| Net profit margin | 2.10% | 2.31% | 2.62% | 3.05% | 2.90% | 3.27% | 3.26% | 3.00% | 2.85% | 2.29% | 2.11% | 1.59% | 0.99% | 0.87% | -0.43% | -0.52% | -0.18% | -0.63% | 0.55% | 0.71% |
Avnet Inc's profitability ratios have shown some fluctuations over the past few quarters. The gross profit margin has ranged from 11.21% to 12.34%, with a slight decrease recently.
The operating profit margin has also varied, ranging from -0.28% to 4.51% over the same period. There was a noticeable improvement in the operating profit margin in the recent quarters.
The pretax margin has shown some volatility, fluctuating between -1.05% and 3.97%. There was an increase in the pretax margin in the latest quarter.
The net profit margin has ranged from -0.63% to 3.27%, with fluctuations in profitability over the quarters. The net profit margin has shown an increase in the latest quarter compared to the previous ones.
Overall, Avnet Inc's profitability ratios have displayed some variability, indicating fluctuations in the company's profitability over the analyzed period. The recent improvements in operating and net profit margins suggest a positive trend in the company's financial performance.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 4.08% | 4.64% | 5.15% | 6.29% | 6.18% | 7.12% | 7.20% | 6.98% | 6.66% | 5.43% | 4.75% | 3.51% | 2.16% | 1.91% | -0.92% | -1.09% | -0.38% | -1.42% | 1.19% | 1.51% |
| Return on total capital | 12.48% | 13.72% | 14.87% | 16.27% | 15.94% | 16.26% | 16.27% | 18.08% | 16.58% | 14.87% | 11.01% | 7.79% | 4.97% | 3.24% | -1.33% | -1.52% | -0.13% | -0.88% | 4.66% | 5.71% |
| Return on equity (ROE) | 10.12% | 11.45% | 13.37% | 16.50% | 16.22% | 18.60% | 19.38% | 19.04% | 16.51% | 12.47% | 10.82% | 7.80% | 4.73% | 4.06% | -1.95% | -2.43% | -0.83% | -3.13% | 2.57% | 3.39% |
Avnet Inc's profitability ratios show a fluctuating trend over the analyzed periods.
- Operating return on assets (Operating ROA) declined from 1.98% in March 2021 to 6.92% in June 2024. This indicates Avnet's ability to generate operating income from its assets has steadily improved over the period.
- Return on assets (ROA) experienced a similar upward trend from 1.91% in March 2021 to 4.08% in June 2024, reflecting an enhancement in Avnet's overall asset utilization efficiency.
- Return on total capital peaked at 18.08% in September 2022 but has since decreased to 12.48% in June 2024. This may signal a decline in Avnet's profitability relative to the total invested capital.
- Return on equity (ROE) followed a similar pattern, reaching its highest at 19.38% in March 2023 before dropping to 10.12% in June 2024. This suggests a fluctuating profitability level for shareholders over the analyzed period.
Overall, the profitability ratios of Avnet Inc demonstrate improvements in operational efficiency and asset utilization, although there have been fluctuations in the returns generated relative to total capital and equity. It is important for the company to maintain a stable and upward trajectory in these ratios to ensure sustainable profitability and value creation for its stakeholders.