Avnet's gross profit for the
three
months ended in Dec. 2023 was $706 Mil. Avnet's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $3,084 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Avnet's gross profit for the
three
months ended in Dec. 2023 was $706 Mil. Avnet's Revenue for the
three
months ended in Dec. 2023 was $6,205 Mil. Therefore, Avnet's Gross Margin % for the quarter that ended in Dec. 2023 was 11.38%.
Avnet had a gross margin of 11.38% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of Avnet was 13.59%. The lowest was 11.47%. And the median was 12.31%.
Warning Sign:
Avnet Inc gross margin has been in long-term decline. The average rate of decline per year is -1.9%.
Avnet Gross Profit Historical Data
The historical data trend for Avnet's Gross Profit 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.
For the Electronics & Computer Distribution subindustry, Avnet's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Avnet's Gross Profit Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Avnet's Gross Profit distribution charts can be found below:
* The bar in red indicates where Avnet's Gross Profit falls into.
Avnet Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Avnet's Gross Profit for the fiscal year that ended in Jun. 2023 is calculated as
Gross Profit 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 $3,084 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Avnet's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Avnet (NAS:AVT) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Avnet had a gross margin of 11.38% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Avnet Gross Profit Related Terms
Thank you for viewing the detailed overview of Avnet's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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