Avnet Inc (AVT)
Return on assets (ROA)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 240,217 | 316,794 | 317,709 | 348,387 | 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 |
| Total assets | US$ in thousands | 12,118,600 | 11,712,300 | 11,942,900 | 12,597,600 | 12,259,100 | 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 | 8,925,420 | 8,365,920 | 8,264,310 | 8,381,400 |
| ROA | 1.98% | 2.70% | 2.66% | 2.77% | 4.07% | 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% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $240,217K ÷ $12,118,600K
= 1.98%
The analysis of Avnet Inc.'s return on assets (ROA) over the provided period reveals a pattern of initial negative performance transitioning into a period of steady positive returns, followed by a gradual decline toward lower profitability levels.
During the fiscal year ending September 30, 2020, the company experienced negative ROA at -1.09%, indicating that it was not generating sufficient net income relative to its total assets, likely reflecting challenges or losses during that period. This negative trend persisted into the end of 2020, with ROA reaching approximately -0.92% at the end of December.
Beginning in the fiscal quarter ending March 31, 2021, Avnet's ROA turned positive, reaching 1.91%, and continued to improve through the subsequent quarters. Over the course of 2021 and into 2022, the company exhibited a consistent upward trajectory in ROA, achieving 4.75% at the end of 2021 and climbing to a peak of 6.98% in September 2022. This upward movement indicates an improving efficiency in asset utilization and profitability.
From late 2022 onward, the ROA demonstrated a gradual decline. By the end of December 2022, it was approximately 7.20%, then slightly declined to 7.12% in March 2023, and further decreased to 6.18% in June 2023. This downward trend continued into September 2023, with ROA slightly increasing to 6.29%, but ultimately declining to 5.15% by the end of 2023.
Most recently, through the first half of 2024, the ROA continued to decrease, reaching 4.64% in March 2024 and dropping further to 4.07% in June 2024. The trend persisted into September 2024, with ROA at 2.77%, and continued to decline, reaching 2.66% in December 2024. The subsequent quarters showed stable but decreasing ROA, with values of 2.70% in March 2025 and 1.98% in June 2025.
In summary, Avnet's ROA has transitioned from negative territory in 2020 to a period of robust profitability in 2021 and 2022, peaking around mid-2022. However, starting in late 2022 and into 2024, there has been a consistent decline in ROA, approaching levels closer to historical lows. This pattern suggests a recent decrease in asset efficiency or profitability, which may warrant further investigation into factors such as revenue trends, cost management, or asset base changes.
Peer comparison
Jun 30, 2025