Avnet Inventory vs Property Plant And Equipment Net Analysis
AVT Stock | USD 54.60 0.02 0.04% |
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 Inventory and its Property Plant And Equipment Net 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 tightly coupled with the direction of predictive economic indicators such as signals in real.
Inventory vs Property Plant And Equipment Net
Inventory vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avnet Inc Inventory account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Avnet's Inventory and Property Plant And Equipment Net is 0.82. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Property Plant And Equipment Net 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 Inventory and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Avnet Inc are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Inventory i.e., Avnet's Inventory and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Inventory
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.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 tightly coupled with the direction of predictive economic indicators such as signals in real. At this time, Avnet's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 7.72 in 2024, whereas Enterprise Value is likely to drop slightly above 837.7 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.0B | 3.2B | 3.7B | 1.9B | Total Revenue | 24.3B | 26.5B | 30.5B | 32.0B |
Avnet fundamental ratios Correlations
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Avnet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Avnet fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.1B | 8.9B | 10.4B | 12.5B | 14.3B | 15.1B | |
Short Long Term Debt Total | 1.7B | 1.5B | 1.9B | 3.3B | 3.8B | 4.0B | |
Other Current Liab | 472.9M | 572.5M | 591.0M | 753.1M | 866.1M | 909.4M | |
Total Current Liabilities | 2.3B | 3.1B | 4.3B | 4.2B | 4.9B | 5.1B | |
Total Stockholder Equity | 3.7B | 4.1B | 4.2B | 4.8B | 5.5B | 2.9B | |
Property Plant And Equipment Net | 680.5M | 634.4M | 542.3M | 663.3M | 762.7M | 800.9M | |
Net Debt | 1.3B | 1.3B | 1.7B | 3.0B | 3.5B | 3.6B | |
Retained Earnings | 2.4B | 2.5B | 2.9B | 3.4B | 3.9B | 1.9B | |
Cash | 477.0M | 199.7M | 153.7M | 288.2M | 331.5M | 452.7M | |
Non Current Assets Total | 1.8B | 1.8B | 1.5B | 1.7B | 2.0B | 1.4B | |
Cash And Short Term Investments | 477.0M | 199.7M | 153.7M | 288.2M | 331.5M | 460.8M | |
Net Receivables | 2.9B | 3.6B | 4.3B | 4.8B | 5.5B | 5.8B | |
Common Stock Shares Outstanding | 100.5M | 100.2M | 99.8M | 93.4M | 107.4M | 119.8M | |
Liabilities And Stockholders Equity | 8.1B | 8.9B | 10.4B | 12.5B | 14.3B | 15.1B | |
Non Current Liabilities Total | 2.1B | 1.8B | 1.9B | 3.5B | 4.0B | 4.2B | |
Inventory | 2.7B | 3.2B | 4.2B | 5.5B | 6.3B | 6.6B | |
Other Current Assets | 191.4M | 150.8M | 177.8M | 233.8M | 268.9M | 141.3M | |
Other Stockholder Equity | 1.6B | 1.6B | 1.7B | 1.7B | 1.9B | 2.0B | |
Total Liab | 4.4B | 4.8B | 6.2B | 7.7B | 8.9B | 9.3B | |
Property Plant And Equipment Gross | 680.5M | 634.4M | 542.3M | 663.3M | 762.7M | 800.9M | |
Total Current Assets | 6.3B | 7.2B | 8.9B | 10.8B | 12.4B | 13.0B | |
Accumulated Other Comprehensive Income | (388.4M) | (153.7M) | (481.2M) | (409.4M) | (368.4M) | (350.0M) | |
Short Term Debt | 53.4M | 81.4M | 229.0M | 122.4M | 140.8M | 239.9M | |
Intangible Assets | 143.5M | 65.4M | 28.5M | 12.7M | 11.4M | 10.8M | |
Non Currrent Assets Other | 256.7M | 260.9M | 198.1M | 282.4M | 324.8M | 233.1M | |
Accounts Payable | 1.8B | 2.4B | 3.4B | 3.4B | 3.9B | 4.1B | |
Good Will | 773.7M | 838.1M | 758.8M | 780.6M | 702.6M | 667.4M | |
Common Stock Total Equity | 98.8M | 99.6M | 95.7M | 91.5M | 105.2M | 119.5M | |
Common Stock | 98.8M | 99.6M | 95.7M | 91.5M | 105.2M | 119.5M | |
Other Assets | 256.7M | 521.8M | 198.1M | 282.4M | 324.8M | 322.5M | |
Long Term Debt | 1.4B | 1.2B | 1.4B | 3.0B | 3.4B | 3.6B | |
Property Plant Equipment | 680.5M | 1.3B | 542.3M | 441.6M | 507.8M | 474.1M | |
Other Liab | 419.9M | 709.7M | 307.3M | 297.5M | 342.1M | 233.5M | |
Net Tangible Assets | 2.9B | 6.4B | 3.4B | 4.0B | 4.6B | 3.8B | |
Retained Earnings Total Equity | 2.4B | 2.5B | 2.9B | 3.4B | 3.9B | 3.2B | |
Long Term Debt Total | 1.4B | 1.2B | 1.4B | 3.0B | 3.4B | 3.6B | |
Capital Surpluse | 1.6B | 1.6B | 1.7B | 1.7B | 1.9B | 1.6B | |
Non Current Liabilities Other | 419.9M | 354.8M | 506.7M | 297.5M | 342.1M | 311.5M |
Pair Trading with Avnet
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Avnet position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Avnet will appreciate offsetting losses from the drop in the long position's value.Moving together with Avnet Stock
0.84 | ARW | Arrow Electronics | PairCorr |
0.9 | SNX | Synnex Financial Report 25th of June 2024 | PairCorr |
Moving against Avnet Stock
0.81 | U | Unity Software | PairCorr |
0.8 | CLMB | Climb Global Solutions Tech Boost | PairCorr |
0.73 | TAIT | Taitron Components | PairCorr |
0.7 | BL | Blackline | PairCorr |
0.55 | DQ | Daqo New Energy Tech Boost | PairCorr |
The ability to find closely correlated positions to Avnet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avnet when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Avnet - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Avnet Inc to buy it.
The correlation of Avnet is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avnet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avnet Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Avnet can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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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.
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Is Avnet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Avnet. If investors know Avnet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Avnet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.52) | Dividend Share 1.22 | Earnings Share 6.2 | Revenue Per Share 272.21 | Quarterly Revenue Growth (0.13) |
The market value of Avnet Inc is measured differently than its book value, which is the value of Avnet that is recorded on the company's balance sheet. Investors also form their own opinion of Avnet's value that differs from its market value or its book value, called intrinsic value, which is Avnet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Avnet's market value can be influenced by many factors that don't directly affect Avnet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Avnet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avnet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avnet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.