Avnet Historical Income Statement
| AVT Stock | USD 48.64 0.57 1.19% |
Historical analysis of Avnet income statement accounts such as Interest Expense of 214.5 M, Selling General Administrative of 1.3 B or Total Revenue of 32 B can show how well Avnet Inc performed in making a profits. Evaluating Avnet income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Avnet's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Avnet Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Avnet Inc is a good buy for the upcoming year.
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About Avnet Income Statement Analysis
Avnet Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Avnet shareholders. The income statement also shows Avnet investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Avnet Income Statement Chart
Avnet Inc Income Statement is one of the three primary financial statements used for reporting Avnet's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Avnet Inc revenue and expense. Avnet Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Avnet's Net Income is comparatively stable compared to the past year. Income Tax Expense is likely to gain to about 256 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.3 B in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts Avnet Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Avnet Inc minus its cost of goods sold. It is profit before Avnet operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Avnet Inc. It is also known as Avnet overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Net Income Applicable To Common Shares
The net income that remains after preferred dividends have been deducted, available to common shareholders.Most accounts from Avnet's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Avnet Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avnet Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. At this time, Avnet's Net Income is comparatively stable compared to the past year. Income Tax Expense is likely to gain to about 256 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.3 B in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.0B | 3.2B | 3.7B | 1.9B | Total Revenue | 24.3B | 26.5B | 30.5B | 32.0B |
Avnet income statement Correlations
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Avnet Account Relationship Matchups
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Avnet income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 242.9M | 254.1M | 181.4M | 143.0M | 164.5M | 98.5M | |
| Interest Expense | 122.7M | 89.5M | 100.4M | 250.9M | 225.8M | 214.5M | |
| Selling General Administrative | 1.8B | 1.9B | 2.0B | 2.0B | 2.3B | 1.3B | |
| Total Revenue | 17.6B | 19.5B | 24.3B | 26.5B | 30.5B | 32.0B | |
| Gross Profit | 2.1B | 2.2B | 3.0B | 3.2B | 3.7B | 1.9B | |
| Other Operating Expenses | 17.4B | 19.2B | 23.3B | 25.3B | 29.1B | 30.6B | |
| Operating Income | 220.6M | 281.4M | 939.0M | 1.2B | 1.4B | 1.4B | |
| Ebit | 220.6M | 281.4M | 939.0M | 1.2B | 1.4B | 1.5B | |
| Ebitda | 463.5M | 535.5M | 1.1B | 1.4B | 1.6B | 1.7B | |
| Cost Of Revenue | 15.6B | 17.3B | 21.3B | 23.4B | 26.9B | 28.2B | |
| Total Operating Expenses | 1.8B | 1.9B | 2.0B | 2.0B | 2.3B | 1.4B | |
| Income Before Tax | (128.1M) | 172.9M | 833.3M | 982.9M | 1.1B | 1.2B | |
| Total Other Income Expense Net | (348.7M) | (108.5M) | (105.7M) | 18.9M | 17.0M | 17.9M | |
| Net Income | (29.5M) | 193.1M | 692.4M | 770.8M | 886.5M | 930.8M | |
| Income Tax Expense | (98.6M) | (20.2M) | 141.0M | 212.0M | 243.9M | 256.0M | |
| Net Income Applicable To Common Shares | (31.1M) | 19.7B | 692.4M | 770.8M | 886.5M | 1.4B | |
| Net Income From Continuing Ops | (29.5M) | 193.1M | 692.4M | 770.8M | 693.7M | 728.4M | |
| Non Recurring | 226.0M | 84.4M | 5.3M | 28.0M | 32.2M | 30.6M | |
| Non Operating Income Net Other | (737K) | (19.0M) | (5.3M) | 9.9M | 8.9M | 9.4M | |
| Tax Provision | (98.6M) | (20.2M) | 141.0M | 212.0M | 243.9M | 256.0M | |
| Net Interest Income | (122.7M) | (89.5M) | (100.4M) | (250.9M) | (225.8M) | (214.5M) | |
| Reconciled Depreciation | 242.9M | 188.7M | 155.2M | 143.0M | 128.7M | 148.7M |
Pair Trading with Avnet
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Avnet position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Avnet will appreciate offsetting losses from the drop in the long position's value.Moving together with Avnet Stock
| 0.95 | ARW | Arrow Electronics | PairCorr |
| 0.82 | SNX | Synnex Financial Report 25th of June 2024 | PairCorr |
Moving against Avnet Stock
| 0.76 | U | Unity Software Aggressive Push | PairCorr |
| 0.72 | G | Genpact Limited Earnings Call This Week | PairCorr |
| 0.71 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
The ability to find closely correlated positions to Avnet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avnet when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Avnet - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Avnet Inc to buy it.
The correlation of Avnet is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avnet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avnet Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Avnet can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avnet Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Avnet Stock analysis
When running Avnet's price analysis, check to measure Avnet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avnet is operating at the current time. Most of Avnet's value examination focuses on studying past and present price action to predict the probability of Avnet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avnet's price. Additionally, you may evaluate how the addition of Avnet to your portfolios can decrease your overall portfolio volatility.
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Is Avnet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Avnet. If investors know Avnet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Avnet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.51) | Dividend Share 1.2 | Earnings Share 7.25 | Revenue Per Share 280.903 | Quarterly Revenue Growth (0.08) |
The market value of Avnet Inc is measured differently than its book value, which is the value of Avnet that is recorded on the company's balance sheet. Investors also form their own opinion of Avnet's value that differs from its market value or its book value, called intrinsic value, which is Avnet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Avnet's market value can be influenced by many factors that don't directly affect Avnet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Avnet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avnet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avnet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.