Avnet Inc (AVT)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 4,925,500 | 4,751,670 | 4,192,760 | 4,084,180 | 3,726,400 |
| ROE | 10.12% | 16.22% | 16.51% | 4.73% | -0.83% |
June 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $498,699K ÷ $4,925,500K
= 10.12%
Avnet Inc's return on equity (ROE) has fluctuated over the past five years. In 2024, the ROE was at 10.12%, indicating a decrease from the previous year's 16.22%. However, the ROE in 2024 remained relatively higher compared to the ROE in 2020, which was negative at -0.83%. This suggests that Avnet Inc has made improvements in utilizing shareholder equity to generate profits.
The ROE peaked in 2022 at 16.51%, showcasing a strong performance in that particular year. The company experienced a significant increase in ROE from 2020 to 2021, indicating a possible turnaround in profitability. However, the ROE decreased in 2023 and 2024, suggesting potential challenges in maintaining profitability or efficiently utilizing shareholder funds.
Overall, Avnet Inc's ROE performance over the past five years indicates some variability but also highlights periods of improved profitability and efficiency in utilizing shareholder equity. Further analysis of the company's financial statements and business operations may provide insights into the factors influencing these fluctuations in ROE.
Peer comparison
Jun 30, 2024