Avnet (AVT) Cost of Goods Sold

: $22,526 Mil (TTM As of Dec. 2023)

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Avnet's cost of goods sold for the three months ended in Dec. 2023 was $5,499 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $22,526 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Avnet's Gross Margin % for the three months ended in Dec. 2023 was 11.38%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Avnet's Inventory Turnover for the three months ended in Dec. 2023 was 0.93.

Avnet Cost of Goods Sold Historical Data

The historical data trend for Avnet's Cost of Goods Sold can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Avnet Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cost of Goods Sold

17,032.49

15,570.88

17,294.05

21,345.32

23,354.74

Avnet Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cost of Goods Sold																5,933.42	5,702.77	5,736.59	5,587.54	5,498.73

Avnet Cost of Goods Sold Calculation

Cost of Goods Sold is the aggregate cost of goods produced and sold, and services rendered during the reporting period. It excludes Total Operating Expense, such as Depreciation, Depletion and Amortization and Selling, General, & Admin. Expense.

Cost of Goods Sold for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $22,526 Mil.

Avnet (NAS:AVT) Cost of Goods Sold Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Avnet's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(6204.914	-	5498.73)	/	6204.914
	=	11.38 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Cost of Goods Sold is also directly linked to another concept called Inventory Turnover:

Avnet's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5498.73	/	5935.525
	=	0.93

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher inventory turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate inventory turnover. An average inventory is a better indication.

Avnet Cost of Goods Sold Related Terms

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Avnet (AVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Avnet Inc (NAS:AVT) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

N/A

Address

2211 South 47th Street, Phoenix, AZ, USA, 85034

Website

https://www.avnet.com

Avnet Inc is a global distributor of electronic components, connecting suppliers of semiconductors and other components to a base of 2.1 million small- and mid-sized customers in 140 countries. Avnet is the third largest semiconductor distributor in the world, and the largest for European chip distribution. Avnet services all levels of electronics design and development, servicing engineers with design tools, test kits, and services alongside its high-volume distribution for final designs.

Executives

James A Lawrence	director	2211 S 47TH ST, PHOENIX AZ 85034
Philip R Gallagher	officer: Senior Vice President	C/O AVNET, INC., 2211 SOUTH 47TH STREET, PHOENIX AZ 85034
Rebeca Obregon-jimenez	officer: SVP	3748 E MARE COURT, PHOENIX AZ 85044
Thomas Liguori	officer: Chief Financial Officer	ADVANCED ENERGY INDUSTRIES, INC., 1625 SHARP POINT DRIVE, FORT COLLINS CO 80525
William H Schumann	director	200 E RANDOLPH DRIVE, CHICAGO IL 60601
Elizabeth Mcmullen	officer: Global VP - Operations	2211 S 47TH ST, PHOENIX AZ 85034
Ernest E Maddock	director	LAM RESEARCH, 4650 CUSHING PARKWAY, FREMONT CA 94538
Kenneth A Jacobson	officer: Interim CFO	2211 SOUTH 47TH STREET, PHOENIX AZ 85034
Leng Jin Chan	officer: CIO	2211 S 47TH ST, PHOENIX AZ 85034
Dayna Badhorn	officer: Global VP, Strategic Planning	2211 S 47TH ST, PHOENIX AZ 85034
Oleg Khaykin	director
Maryann G. Miller	officer: Sr. Vice President	C/O AVNET, INC., 2211 SOUTH 47TH STREET, PHOENIX AZ 85034
Michael Ryan Mccoy	officer: SVP, General Counsel	2211 SOUTH 47TH STREET, PHOENIX AZ 85034
Carlo Bozotti	director	2211 SOUTH 47TH STREET, PHOENIX AZ 85034
Adalio T Sanchez	director	6060 COVENTRY DRIVE, ELKHORN NE 68022