Avnet (AVT) Change In Inventory : $-451 Mil (TTM As of Mar. 2024)

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What is Avnet Change In Inventory?

Avnet's change in inventory for the quarter that ended in Mar. 2024 was $299 Mil. It means Avnet's inventory declined by $299 Mil from Dec. 2023 to Mar. 2024 .

Avnet's change in inventory for the fiscal year that ended in Jun. 2023 was $-1,173 Mil. It means Avnet's inventory increased by $1,173 Mil from Jun. 2022 to Jun. 2023 .

Avnet's Total Inventories for the quarter that ended in Mar. 2024 was $5,752 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Avnet's Days Inventory for the quarter that ended in Mar. 2024 was 108.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. Avnet's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.84.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Avnet's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.05.

Avnet Change In Inventory Historical Data

The historical data trend for Avnet's Change In Inventory 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 Change In Inventory Chart

Avnet Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Inventory

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81.93

266.79

-409.08

-1,218.87

-1,173.12

Avnet Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-346.50	-139.74	-371.60	-238.40	298.90

Avnet Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-451 Mil.

Avnet (NAS:AVT) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Avnet's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	5933.9355	/	4984.318	*	365 / 4
	=	108.64

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Avnet's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4984.318	/	5933.9355
	=	0.84

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Avnet's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5933.9355	/	5653.591
	=	1.05

Avnet Change In Inventory Related Terms

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Avnet (AVT) Business Description

Industry

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

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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