Avnet Inc (AVT)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 498,699 | 770,828 | 692,379 | 193,114 | -31,081 |
| Total assets | US$ in thousands | 12,209,100 | 12,477,200 | 10,388,500 | 8,925,400 | 8,105,200 |
| ROA | 4.08% | 6.18% | 6.66% | 2.16% | -0.38% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $498,699K ÷ $12,209,100K
= 4.08%
Avnet Inc's return on assets (ROA) has exhibited fluctuating trends over the past five years. The ROA was highest in 2022 at 6.66% and lowest in 2020 at -0.38%. The positive ROA figures in 2024, 2023, and 2022 indicate that the company is generating a positive return on its assets. The decline in ROA from 2022 to 2021 may suggest a decrease in efficiency in asset utilization or a drop in profitability. It is noteworthy that Avnet Inc managed to improve its ROA significantly from negative territory in 2020 to positive figures in the subsequent years. Further analysis is required to understand the factors driving these fluctuations and assess the overall financial performance and efficiency of the company.
Peer comparison
Jun 30, 2024