Avnet Inc (AVT)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 498,699 | 571,289 | 669,881 | 795,836 | 770,829 | 862,396 | 858,387 | 765,322 | 692,379 | 530,911 | 454,978 | 323,320 | 193,113 | 159,919 | -76,226 | -91,721 | -31,080 | -115,077 | 101,632 | 134,365 |
| 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 |
| 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% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $498,699K ÷ $12,209,100K
= 4.08%
Avnet Inc's return on assets (ROA) has shown fluctuations over the past 20 quarters. The ROA ranged from -1.42% to 7.20% during this period.
The trend indicates that Avnet Inc's ROA experienced a decline in the earlier quarters, hitting negative values in the last few quarters of 2020. However, the company managed to turn around its performance, showing an upward trend in ROA from 2021 onwards. This improvement continued through 2022 and 2023, with ROA peaking at 7.20% in the first quarter of 2023.
Overall, the increasing trend in ROA indicates that Avnet Inc has been more effective in generating profits relative to its total assets in recent quarters. It suggests the company has been managing its assets efficiently to generate a higher return for its shareholders. However, it is important to continuously monitor the ROA to ensure sustained profitability and efficiency in asset utilization.
Peer comparison
Jun 30, 2024