Avnet Retained Earnings vs Total Assets Analysis

AVT Stock

USD 57.17 2.59 4.75%

Avnet financial indicator trend analysis is way more than just evaluating Avnet Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avnet Inc is a good investment. Please check the relationship between Avnet Retained Earnings and its Total Assets accounts. 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 closely tied with the direction of predictive economic indicators such as signals in real.

Retained Earnings vs Total Assets

Retained Earnings vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avnet Inc Retained Earnings account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Avnet's Retained Earnings and Total Assets is 0.91. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Assets in the same time period over historical financial statements of Avnet Inc, assuming nothing else is changed. The correlation between historical values of Avnet's Retained Earnings and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Avnet Inc are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Retained Earnings i.e., Avnet's Retained Earnings and Total Assets go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Assets

Total assets refers to the total amount of Avnet assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Avnet Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Avnet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 closely tied with the direction of predictive economic indicators such as signals in real.

At this time, Avnet's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 7.63 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	2.8B	1.9B
Total Revenue	24.3B	26.5B	23.8B	14.6B

Gross Profit Total Revenue

Avnet fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Non Currrent Assets Other	Accounts Payable	Good Will	Common Stock Total Equity
Total Assets		0.67	0.86	0.89	0.94	0.59	0.47	0.91	0.41	0.86	0.39	0.94	0.47	0.55	0.48	0.78	0.85	0.8	0.16	0.99	0.39	0.11	0.59	0.92	0.62	0.66
Short Long Term Debt Total	0.67		0.61	0.59	0.54	0.84	0.91	0.55	0.15	0.48	0.12	0.58	0.24	0.86	0.86	0.53	0.48	0.94	0.71	0.69	0.41	-0.04	0.14	0.63	0.22	0.46
Other Current Liab	0.86	0.61		0.85	0.73	0.5	0.44	0.65	0.33	0.71	0.29	0.89	0.46	0.47	0.41	0.73	0.67	0.78	0.06	0.87	0.36	0.17	0.68	0.89	0.55	0.6
Total Current Liabilities	0.89	0.59	0.85		0.73	0.41	0.33	0.7	0.53	0.76	0.46	0.97	0.6	0.26	0.29	0.6	0.58	0.78	0.08	0.88	0.7	0.26	0.59	0.98	0.7	0.72
Total Stockholder Equity	0.94	0.54	0.73	0.73		0.56	0.32	0.97	0.45	0.93	0.48	0.84	0.51	0.5	0.39	0.8	0.88	0.66	0.11	0.9	0.25	0.06	0.57	0.76	0.68	0.69
Property Plant And Equipment Net	0.59	0.84	0.5	0.41	0.56		0.82	0.53	0.0	0.52	-0.01	0.46	0.13	0.85	0.83	0.46	0.62	0.81	0.76	0.59	0.18	-0.23	0.11	0.49	0.14	0.41
Net Debt	0.47	0.91	0.44	0.33	0.32	0.82		0.33	-0.27	0.17	-0.29	0.31	-0.15	0.91	0.97	0.32	0.41	0.8	0.79	0.52	0.12	-0.24	-0.12	0.43	-0.17	0.1
Retained Earnings	0.91	0.55	0.65	0.7	0.97	0.53	0.33		0.47	0.88	0.5	0.82	0.48	0.5	0.38	0.72	0.81	0.64	0.11	0.88	0.26	0.0	0.46	0.74	0.68	0.64
Cash	0.41	0.15	0.33	0.53	0.45	0.0	-0.27	0.47		0.7	0.98	0.57	0.93	-0.19	-0.32	0.44	0.09	0.28	-0.22	0.32	0.68	0.49	0.58	0.41	0.92	0.85
Non Current Assets Total	0.86	0.48	0.71	0.76	0.93	0.52	0.17	0.88	0.7		0.7	0.86	0.74	0.33	0.2	0.76	0.74	0.64	0.05	0.8	0.46	0.2	0.68	0.73	0.86	0.87
Cash And Short Term Investments	0.39	0.12	0.29	0.46	0.48	-0.01	-0.29	0.5	0.98	0.7		0.51	0.91	-0.17	-0.32	0.48	0.1	0.23	-0.23	0.3	0.59	0.48	0.54	0.34	0.9	0.83
Net Receivables	0.94	0.58	0.89	0.97	0.84	0.46	0.31	0.82	0.57	0.86	0.51		0.64	0.34	0.3	0.68	0.69	0.78	0.04	0.93	0.57	0.2	0.66	0.97	0.77	0.76
Common Stock Shares Outstanding	0.47	0.24	0.46	0.6	0.51	0.13	-0.15	0.48	0.93	0.74	0.91	0.64		-0.08	-0.15	0.53	0.17	0.43	-0.11	0.39	0.67	0.55	0.62	0.51	0.91	0.95
Non Current Liabilities Total	0.55	0.86	0.47	0.26	0.5	0.85	0.91	0.5	-0.19	0.33	-0.17	0.34	-0.08		0.93	0.52	0.59	0.74	0.68	0.58	-0.1	-0.23	0.04	0.38	-0.08	0.18
Inventory	0.48	0.86	0.41	0.29	0.39	0.83	0.97	0.38	-0.32	0.2	-0.32	0.3	-0.15	0.93		0.36	0.5	0.77	0.79	0.53	0.01	-0.28	-0.12	0.41	-0.18	0.11
Other Current Assets	0.78	0.53	0.73	0.6	0.8	0.46	0.32	0.72	0.44	0.76	0.48	0.68	0.53	0.52	0.36		0.7	0.61	0.11	0.76	0.16	0.44	0.68	0.63	0.52	0.67
Other Stockholder Equity	0.85	0.48	0.67	0.58	0.88	0.62	0.41	0.81	0.09	0.74	0.1	0.69	0.17	0.59	0.5	0.7		0.57	0.13	0.84	0.0	-0.06	0.54	0.65	0.34	0.4
Total Liab	0.8	0.94	0.78	0.78	0.66	0.81	0.8	0.64	0.28	0.64	0.23	0.78	0.43	0.74	0.77	0.61	0.57		0.57	0.81	0.52	0.05	0.33	0.82	0.42	0.64
Property Plant And Equipment Gross	0.16	0.71	0.06	0.08	0.11	0.76	0.79	0.11	-0.22	0.05	-0.23	0.04	-0.11	0.68	0.79	0.11	0.13	0.57		0.18	0.14	-0.23	-0.43	0.14	-0.21	0.13
Total Current Assets	0.99	0.69	0.87	0.88	0.9	0.59	0.52	0.88	0.32	0.8	0.3	0.93	0.39	0.58	0.53	0.76	0.84	0.81	0.18		0.37	0.09	0.55	0.92	0.55	0.59
Short Term Debt	0.39	0.41	0.36	0.7	0.25	0.18	0.12	0.26	0.68	0.46	0.59	0.57	0.67	-0.1	0.01	0.16	0.0	0.52	0.14	0.37		0.35	0.3	0.55	0.63	0.66
Intangible Assets	0.11	-0.04	0.17	0.26	0.06	-0.23	-0.24	0.0	0.49	0.2	0.48	0.2	0.55	-0.23	-0.28	0.44	-0.06	0.05	-0.23	0.09	0.35		0.46	0.17	0.31	0.45
Non Currrent Assets Other	0.59	0.14	0.68	0.59	0.57	0.11	-0.12	0.46	0.58	0.68	0.54	0.66	0.62	0.04	-0.12	0.68	0.54	0.33	-0.43	0.55	0.3	0.46		0.55	0.64	0.61
Accounts Payable	0.92	0.63	0.89	0.98	0.76	0.49	0.43	0.74	0.41	0.73	0.34	0.97	0.51	0.38	0.41	0.63	0.65	0.82	0.14	0.92	0.55	0.17	0.55		0.62	0.66
Good Will	0.62	0.22	0.55	0.7	0.68	0.14	-0.17	0.68	0.92	0.86	0.9	0.77	0.91	-0.08	-0.18	0.52	0.34	0.42	-0.21	0.55	0.63	0.31	0.64	0.62		0.89
Common Stock Total Equity	0.66	0.46	0.6	0.72	0.69	0.41	0.1	0.64	0.85	0.87	0.83	0.76	0.95	0.18	0.11	0.67	0.4	0.64	0.13	0.59	0.66	0.45	0.61	0.66	0.89

Click cells to compare fundamentals

Avnet Account Relationship Matchups

Avnet fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.1B	8.9B	10.4B	12.5B	12.3B	6.6B
Short Long Term Debt Total	1.7B	1.5B	1.9B	3.3B	3.1B	3.3B
Other Current Liab	472.9M	572.5M	591.0M	753.1M	526.9M	432.8M
Total Current Liabilities	2.3B	3.1B	4.3B	4.2B	4.5B	2.4B
Total Stockholder Equity	3.7B	4.1B	4.2B	4.8B	4.9B	2.9B
Property Plant And Equipment Net	680.5M	634.4M	542.3M	663.3M	777.1M	816.0M
Net Debt	1.3B	1.3B	1.7B	3.0B	2.8B	3.0B
Retained Earnings	2.4B	2.5B	2.9B	3.4B	3.6B	2.0B
Cash	477.0M	199.7M	153.7M	288.2M	310.9M	449.9M
Non Current Assets Total	1.8B	1.8B	1.5B	1.7B	1.9B	1.4B
Cash And Short Term Investments	477.0M	199.7M	153.7M	288.2M	310.9M	457.8M
Net Receivables	2.9B	3.6B	4.3B	4.8B	4.4B	2.6B
Common Stock Shares Outstanding	100.5M	100.2M	99.8M	93.4M	91.8M	119.3M
Liabilities And Stockholders Equity	8.1B	8.9B	10.4B	12.5B	12.3B	6.6B
Non Current Liabilities Total	2.1B	1.8B	1.9B	3.5B	2.9B	3.0B
Inventory	2.7B	3.2B	4.2B	5.5B	5.5B	5.7B
Other Current Assets	191.4M	150.8M	177.8M	233.8M	199.7M	143.3M
Other Stockholder Equity	1.6B	1.6B	1.7B	1.7B	1.7B	929.0M
Total Liab	4.4B	4.8B	6.2B	7.7B	7.3B	7.7B
Property Plant And Equipment Gross	680.5M	634.4M	542.3M	663.3M	1.9B	2.0B
Total Current Assets	6.3B	7.2B	8.9B	10.8B	10.4B	5.2B
Accumulated Other Comprehensive Income	(388.4M)	(153.7M)	(481.2M)	(409.4M)	(486.7M)	(462.4M)
Short Term Debt	53.4M	81.4M	229.0M	122.4M	546.7M	574.0M
Intangible Assets	143.5M	65.4M	28.5M	12.7M	11.4M	10.8M
Non Currrent Assets Other	256.7M	260.9M	198.1M	282.4M	77.3M	73.4M
Accounts Payable	1.8B	2.4B	3.4B	3.4B	3.3B	1.8B
Good Will	773.7M	838.1M	758.8M	780.6M	781.0M	741.9M
Common Stock Total Equity	98.8M	99.6M	95.7M	91.5M	105.2M	119.5M
Common Stock	98.8M	99.6M	95.7M	91.5M	89.0M	118.8M
Other Assets	256.7M	521.8M	198.1M	282.4M	1.0	0.95
Long Term Debt	1.4B	1.2B	1.4B	3.0B	2.4B	1.5B
Property Plant Equipment	680.5M	1.3B	542.3M	441.6M	507.8M	474.1M
Other Liab	419.9M	709.7M	307.3M	297.5M	342.1M	233.5M
Net Tangible Assets	2.9B	6.4B	3.4B	4.0B	4.6B	3.8B
Retained Earnings Total Equity	2.4B	2.5B	2.9B	3.4B	3.9B	3.2B
Long Term Debt Total	1.4B	1.2B	1.4B	3.0B	3.4B	3.6B
Capital Surpluse	1.6B	1.6B	1.7B	1.7B	1.9B	1.6B
Non Current Liabilities Other	419.9M	354.8M	506.7M	297.5M	237.9M	308.2M

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