Avnet Depreciation vs Other Non Cash Items Analysis

AVT Stock  USD 53.92  1.01  1.91%   
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 Depreciation and its Other Non Cash Items 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.

Depreciation vs Other Non Cash Items

Depreciation vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avnet Inc Depreciation account and Other Non Cash Items. At this time, the significance of the direction appears to have very week relationship.
The correlation between Avnet's Depreciation and Other Non Cash Items is 0.25. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Other Non Cash Items 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 Depreciation and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Avnet Inc are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Depreciation i.e., Avnet's Depreciation and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

0.25
Relationship DirectionPositive 
Relationship StrengthVery Weak

Depreciation

Depreciation indicates how much of Avnet Inc value has been used up. For tax purposes Avnet can deduct the cost of the tangible assets it purchases as business expenses. However, Avnet Inc must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Other Non Cash Items

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 13.07 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.3 B in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit3.0B3.2B2.8B1.9B
Total Revenue24.3B26.5B23.8B14.6B

Avnet fundamental ratios Correlations

0.670.830.890.940.590.470.910.410.860.390.940.470.550.480.610.850.980.160.990.40.110.760.920.630.66
0.670.510.590.540.840.910.550.150.470.120.580.240.860.860.270.480.710.710.690.46-0.040.620.630.220.46
0.830.510.870.740.460.280.640.480.790.440.910.620.320.270.680.640.840.00.810.450.250.780.880.690.74
0.890.590.870.730.410.330.70.530.750.460.970.60.270.290.490.580.930.080.880.70.260.730.980.70.72
0.940.540.740.730.560.320.970.450.920.480.840.510.510.390.60.880.840.110.90.250.060.680.760.680.69
0.590.840.460.410.560.820.530.00.51-0.010.460.130.850.830.410.620.580.760.590.21-0.230.580.490.140.41
0.470.910.280.330.320.820.33-0.270.16-0.290.31-0.150.910.970.270.410.530.790.520.18-0.240.390.43-0.170.1
0.910.550.640.70.970.530.330.470.880.50.820.480.50.380.490.810.820.110.880.260.00.570.740.680.64
0.410.150.480.530.450.0-0.270.470.710.980.570.93-0.19-0.32-0.050.090.35-0.220.320.660.490.50.410.920.85
0.860.470.790.750.920.510.160.880.710.710.860.750.330.190.480.730.760.040.790.450.20.760.730.870.87
0.390.120.440.460.48-0.01-0.290.50.980.710.510.91-0.17-0.32-0.010.10.31-0.230.30.570.480.450.340.90.83
0.940.580.910.970.840.460.310.820.570.860.510.640.340.30.530.690.950.040.930.570.20.740.970.770.76
0.470.240.620.60.510.13-0.150.480.930.750.910.64-0.07-0.150.190.170.42-0.110.390.650.550.590.510.910.95
0.550.860.320.270.510.850.910.5-0.190.33-0.170.34-0.070.930.390.60.540.670.58-0.05-0.220.460.39-0.080.18
0.480.860.270.290.390.830.970.38-0.320.19-0.320.3-0.150.930.40.50.510.790.530.06-0.280.370.41-0.180.11
0.610.270.680.490.60.410.270.49-0.050.48-0.010.530.190.390.40.720.580.040.62-0.080.180.550.580.20.34
0.850.480.640.580.880.620.410.810.090.730.10.690.170.60.50.720.780.130.840.0-0.060.640.650.340.4
0.980.710.840.930.840.580.530.820.350.760.310.950.420.540.510.580.780.190.990.470.130.760.960.550.61
0.160.710.00.080.110.760.790.11-0.220.04-0.230.04-0.110.670.790.040.130.190.180.19-0.230.230.14-0.210.13
0.990.690.810.880.90.590.520.880.320.790.30.930.390.580.530.620.840.990.180.380.090.730.920.550.59
0.40.460.450.70.250.210.180.260.660.450.570.570.65-0.050.06-0.080.00.470.190.380.330.50.560.610.65
0.11-0.040.250.260.06-0.23-0.240.00.490.20.480.20.55-0.22-0.280.18-0.060.13-0.230.090.330.40.170.310.45
0.760.620.780.730.680.580.390.570.50.760.450.740.590.460.370.550.640.760.230.730.50.40.70.550.75
0.920.630.880.980.760.490.430.740.410.730.340.970.510.390.410.580.650.960.140.920.560.170.70.620.66
0.630.220.690.70.680.14-0.170.680.920.870.90.770.91-0.08-0.180.20.340.55-0.210.550.610.310.550.620.89
0.660.460.740.720.690.410.10.640.850.870.830.760.950.180.110.340.40.610.130.590.650.450.750.660.89
Click cells to compare fundamentals

Avnet Account Relationship Matchups

Avnet fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.1B8.9B10.4B12.5B12.2B6.6B
Short Long Term Debt Total1.7B1.5B1.9B3.3B3.1B3.3B
Other Current Liab472.9M572.5M566.2M607.8M472.9M426.5M
Total Current Liabilities2.3B3.1B4.3B4.2B4.5B2.4B
Total Stockholder Equity3.7B4.1B4.2B4.8B4.9B2.9B
Property Plant And Equipment Net680.5M634.4M542.3M663.3M777.1M816.0M
Net Debt1.3B1.3B1.7B3.0B2.8B3.0B
Retained Earnings2.4B2.5B2.9B3.4B3.6B2.0B
Cash477.0M199.7M153.7M288.2M310.9M449.9M
Non Current Assets Total1.8B1.8B1.5B1.7B1.8B1.4B
Cash And Short Term Investments477.0M199.7M153.7M288.2M310.9M457.8M
Net Receivables2.9B3.6B4.3B4.8B4.4B2.6B
Common Stock Shares Outstanding100.5M100.2M99.8M93.4M91.8M119.3M
Liabilities And Stockholders Equity8.1B8.9B10.4B12.5B12.2B6.6B
Non Current Liabilities Total2.1B1.8B1.9B3.5B2.8B3.0B
Inventory2.7B3.2B4.2B5.5B5.5B5.7B
Other Current Assets191.4M301.5M355.6M233.8M199.7M152.5M
Other Stockholder Equity1.6B1.6B1.7B1.7B1.7B929.0M
Total Liab4.4B4.8B6.2B7.7B7.3B3.6B
Property Plant And Equipment Gross680.5M634.4M542.3M663.3M1.9B2.0B
Total Current Assets6.3B7.2B8.9B10.8B10.4B5.2B
Accumulated Other Comprehensive Income(388.4M)(153.7M)(481.2M)(409.4M)(486.7M)(462.4M)
Short Term Debt53.4M81.4M229.0M174.2M600.7M630.7M
Intangible Assets143.5M65.4M28.5M12.7M11.4M10.8M
Non Currrent Assets Other256.7M260.9M198.1M282.4M280.5M235.4M
Accounts Payable1.8B2.4B3.4B3.4B3.3B1.8B
Good Will773.7M838.1M758.8M780.6M781.0M741.9M
Common Stock Total Equity98.8M99.6M95.7M91.5M105.2M119.5M
Common Stock98.8M99.6M95.7M91.5M89.0M118.8M
Other Assets256.7M521.8M198.1M282.4M1.00.95
Long Term Debt1.4B1.2B1.4B3.0B2.4B1.5B
Property Plant Equipment680.5M1.3B542.3M441.6M507.8M474.1M
Other Liab419.9M709.7M307.3M297.5M342.1M233.5M
Net Tangible Assets2.9B6.4B3.4B4.0B4.6B3.8B
Retained Earnings Total Equity2.4B2.5B2.9B3.4B3.9B3.2B
Long Term Debt Total1.4B1.2B1.4B3.0B3.4B3.6B
Capital Surpluse1.6B1.6B1.7B1.7B1.9B1.6B
Non Current Liabilities Other419.9M354.8M506.7M297.5M237.9M308.2M

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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.