Avnet (AVT) Change In Working Capital : $-743 Mil (TTM As of Dec. 2023)

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What is Avnet Change In Working Capital?

Avnet's change in working capital for the quarter that ended in Dec. 2023 was $-259 Mil.

Avnet's change in working capital for the fiscal year that ended in Jun. 2023 was $-1,681 Mil.

It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement. Not by calculating the number changes in each periods' working capital (Total Current Assets minus Total Current Liabilities).

Avnet Change In Working Capital Historical Data

The historical data trend for Avnet's Change In Working Capital 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.

* Premium members only.

Avnet Change In Working Capital Chart

Avnet Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Working Capital

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-60.90

335.11

-372.53

-1,085.24

-1,681.40

Avnet Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Working Capital	Get a 7-Day Free Trial															-602.93	-218.08	14.41	-280.11	-259.33

Avnet Change In Working Capital Calculation

Change In Working Capital 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 $-743 Mil.

Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities.

Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement.

Use Wal-Mart Stores Inc (Jan 2014, Annual Data) as an example: Source: Wal-Mart Stores Inc 2014-01-31 10-K from SEC

Consolidated Statements of Cash Flows	Fiscal Years Ended	January 31,	(Amounts in millions)
Cash flows from operating activities:	2014	2013	2012
Changes in certain assets and liabilities, net of effects of acquisitions:
Receivables, net	(566)	(614)	(796)
Inventories	(1,667)	(2,759)	(3,727)
Accounts payable	531	1,061	2,687
Accrued liabilities	103	271	(935)
Accrued income taxes	(1,224)	981	994

For 2014-01-31, add all the items under 2014 collum together, Change in Working Capital was (566) + (1,667) + 531 + 103 + (1,224) = $ (2,823) Mil.

Avnet Change In Working Capital Related Terms

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Avnet (AVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Avnet Inc (NAS:AVT) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

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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