Avnet Inc (AVT)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 4,925,500 | 4,989,100 | 5,010,380 | 4,822,580 | 4,751,670 | 4,635,600 | 4,429,660 | 4,019,340 | 4,192,760 | 4,256,720 | 4,203,230 | 4,145,600 | 4,084,180 | 3,937,890 | 3,910,730 | 3,777,510 | 3,726,400 | 3,677,280 | 3,957,330 | 3,958,070 |
| 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% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $498,699K ÷ $4,925,500K
= 10.12%
The return on equity (ROE) of Avnet Inc has fluctuated over the past several quarters, ranging from negative figures to double-digit percentages. From Dec 31, 2019, to Mar 31, 2021, the ROE was in the negative territory, indicating that the company's net income was insufficient to cover shareholders' equity during this period.
Starting from Jun 30, 2021, there was a positive turnaround in the ROE, with a gradual increase quarter over quarter until reaching a peak of 19.38% on Dec 31, 2021. This upward trend suggests that Avnet Inc improved its efficiency in generating profits from shareholders' equity.
However, the ROE experienced a slight decline after Dec 31, 2021, but generally remained at a respectable level above 10%. The company demonstrated strong profitability and efficient use of equity capital throughout most of the quarters in the provided dataset.
Overall, while Avnet Inc faced challenges in the past with negative ROE figures, it managed to rebound and maintain a healthy ROE, reflecting effective management practices and a solid financial performance in recent periods.
Peer comparison
Jun 30, 2024