Avnet Total Current Liabilities vs Retained Earnings 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 Total Current Liabilities and its Retained Earnings 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.

Total Current Liabilities vs Retained Earnings

Total Current Liabilities vs Retained Earnings Correlation Analysis

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

The correlation between Avnet's Total Current Liabilities and Retained Earnings is 0.7. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Retained Earnings 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 Total Current Liabilities and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Avnet Inc are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Current Liabilities i.e., Avnet's Total Current Liabilities and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.7

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Avnet balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Avnet Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

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.

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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC