Avnet Inc (AVT)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 5,011,500 | 4,884,970 | 4,843,900 | 5,037,740 | 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 |
| ROE | 4.79% | 6.49% | 6.56% | 6.92% | 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% |
June 30, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $240,217K ÷ $5,011,500K
= 4.79%
The analysis of Avnet Inc.'s return on equity (ROE) over the specified period indicates significant fluctuations and a notable upward trend followed by a gradual decline.
During the fiscal year ending September 30, 2020, the company's ROE was negative at -2.43%, suggesting initial challenges in generating profits relative to shareholders' equity. This negative trend persisted through December 31, 2020, with an ROE of -1.95%, but moved toward improvement in the subsequent quarters.
Starting from March 31, 2021, there was a marked positive shift, with ROE reaching 4.06%, followed by further growth to 4.73% by June 30, 2021. The upward trajectory continued robustly through 2021 and into 2022, with ROE hitting 7.80% on September 30, 2021, then increasing to 10.82% by December 31, 2021, and further ascending to 12.47% on March 31, 2022. The trend persisted into mid-2022, with ROE values of 16.51% on June 30, 2022, and 19.04% on September 30, 2022, reaching a peak of 19.38% at the end of 2022.
Throughout 2023, the ROE remained relatively high, albeit with signs of stabilization and slight declines, with readings of 18.60% in March, then decreasing to 16.22% by June and marginally rising again to 16.50% in September. However, continued downward movement was observed subsequently with ROE dropping to 13.37% at year's end and further declining in the first half of 2024, reaching 11.45% in March and 10.12% by June.
The decreasing trend persisted into the latter half of 2024 and into 2025, with ROE values declining to 6.92% in September 2024, 6.56% in December 2024, and further approaching close to 6.49% in March 2025. The latest data indicates a continued downward trend, with ROE at 4.79% in June 2025.
This overall pattern depicts an initial period of financial difficulty characterized by negative ROE, followed by a period of substantial recovery and growth through 2021 and 2022. In 2023, the ROE stabilized at elevated levels before beginning to decline notably in 2024 and into 2025, suggesting a possible shift in profitability dynamics, shareholder equity, or operational efficiency.
Peer comparison
Jun 30, 2025