Avnet Retained Earnings vs Cash Analysis

AVT Stock

USD 51.76 0.48 0.92%

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 Retained Earnings and its Cash 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.

Retained Earnings vs Cash

Retained Earnings vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avnet Inc Retained Earnings account and Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Avnet's Retained Earnings and Cash is 0.44. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash 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 Retained Earnings and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Avnet Inc are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Retained Earnings i.e., Avnet's Retained Earnings and Cash go up and down completely randomly.

Correlation Coefficient

0.44

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Cash

Cash refers to the most liquid asset of Avnet Inc, which is listed under current asset account on Avnet Inc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Avnet customers. The amounts must be unrestricted with restricted cash listed in a different Avnet account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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

Gross Profit Total Revenue

Avnet fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Non Currrent Assets Other	Accounts Payable	Good Will	Common Stock Total Equity
Total Assets		0.93	0.93	0.88	0.67	0.87	0.81	0.66	0.25	0.64	0.23	0.95	0.48	0.82	0.82	0.64	0.87	0.98	0.84	0.99	0.24	-0.03	0.7	0.93	0.3	0.63
Short Long Term Debt Total	0.93		0.92	0.77	0.47	0.84	0.94	0.47	0.07	0.39	0.04	0.83	0.25	0.91	0.9	0.52	0.8	0.96	0.81	0.96	0.13	-0.09	0.58	0.83	0.03	0.39
Other Current Liab	0.93	0.92		0.84	0.48	0.82	0.87	0.43	0.07	0.44	0.04	0.89	0.33	0.82	0.84	0.57	0.78	0.96	0.84	0.95	0.16	-0.03	0.65	0.91	0.12	0.48
Total Current Liabilities	0.88	0.77	0.84		0.58	0.64	0.59	0.56	0.45	0.64	0.37	0.97	0.65	0.49	0.55	0.53	0.61	0.9	0.58	0.86	0.61	0.17	0.72	0.97	0.5	0.74
Total Stockholder Equity	0.67	0.47	0.48	0.58		0.58	0.29	0.98	0.42	0.92	0.44	0.66	0.53	0.39	0.37	0.82	0.65	0.57	0.55	0.62	0.23	0.04	0.7	0.58	0.62	0.65
Property Plant And Equipment Net	0.87	0.84	0.82	0.64	0.58		0.8	0.55	0.02	0.55	0.0	0.76	0.21	0.85	0.82	0.53	0.93	0.84	0.97	0.87	-0.02	-0.23	0.62	0.73	0.1	0.42
Net Debt	0.81	0.94	0.87	0.59	0.29	0.8		0.29	-0.27	0.13	-0.29	0.66	-0.07	0.96	0.98	0.37	0.77	0.86	0.8	0.87	-0.14	-0.25	0.4	0.71	-0.28	0.09
Retained Earnings	0.66	0.47	0.43	0.56	0.98	0.55	0.29		0.44	0.88	0.47	0.65	0.51	0.38	0.35	0.76	0.6	0.55	0.48	0.6	0.24	-0.01	0.6	0.56	0.62	0.62
Cash	0.25	0.07	0.07	0.45	0.42	0.02	-0.27	0.44		0.69	0.98	0.42	0.93	-0.23	-0.32	0.35	-0.02	0.18	-0.07	0.16	0.77	0.49	0.46	0.29	0.91	0.85
Non Current Assets Total	0.64	0.39	0.44	0.64	0.92	0.55	0.13	0.88	0.69		0.69	0.7	0.77	0.22	0.17	0.74	0.56	0.53	0.48	0.55	0.48	0.19	0.76	0.58	0.83	0.86
Cash And Short Term Investments	0.23	0.04	0.04	0.37	0.44	0.0	-0.29	0.47	0.98	0.69		0.37	0.9	-0.22	-0.31	0.39	-0.02	0.14	-0.08	0.14	0.68	0.48	0.41	0.22	0.9	0.83
Net Receivables	0.95	0.83	0.89	0.97	0.66	0.76	0.66	0.65	0.42	0.7	0.37		0.64	0.62	0.64	0.59	0.73	0.95	0.71	0.93	0.47	0.07	0.72	0.98	0.49	0.75
Common Stock Shares Outstanding	0.48	0.25	0.33	0.65	0.53	0.21	-0.07	0.51	0.93	0.77	0.9	0.64		-0.03	-0.08	0.49	0.22	0.41	0.16	0.4	0.73	0.54	0.6	0.53	0.88	0.97
Non Current Liabilities Total	0.82	0.91	0.82	0.49	0.39	0.85	0.96	0.38	-0.23	0.22	-0.22	0.62	-0.03		0.97	0.47	0.85	0.82	0.87	0.85	-0.28	-0.25	0.42	0.63	-0.24	0.14
Inventory	0.82	0.9	0.84	0.55	0.37	0.82	0.98	0.35	-0.32	0.17	-0.31	0.64	-0.08	0.97		0.42	0.85	0.84	0.83	0.87	-0.22	-0.28	0.39	0.69	-0.28	0.1
Other Current Assets	0.64	0.52	0.57	0.53	0.82	0.53	0.37	0.76	0.35	0.74	0.39	0.59	0.49	0.47	0.42		0.6	0.58	0.58	0.61	0.11	0.37	0.81	0.54	0.41	0.6
Other Stockholder Equity	0.87	0.8	0.78	0.61	0.65	0.93	0.77	0.6	-0.02	0.56	-0.02	0.73	0.22	0.85	0.85	0.6		0.82	0.93	0.87	-0.08	-0.18	0.62	0.71	0.08	0.43
Total Liab	0.98	0.96	0.96	0.9	0.57	0.84	0.86	0.55	0.18	0.53	0.14	0.95	0.41	0.82	0.84	0.58	0.82		0.81	0.99	0.27	-0.01	0.68	0.96	0.21	0.56
Property Plant And Equipment Gross	0.84	0.81	0.84	0.58	0.55	0.97	0.8	0.48	-0.07	0.48	-0.08	0.71	0.16	0.87	0.83	0.58	0.93	0.81		0.84	-0.17	-0.2	0.6	0.7	0.01	0.37
Total Current Assets	0.99	0.96	0.95	0.86	0.62	0.87	0.87	0.6	0.16	0.55	0.14	0.93	0.4	0.85	0.87	0.61	0.87	0.99	0.84		0.19	-0.06	0.66	0.93	0.21	0.55
Short Term Debt	0.24	0.13	0.16	0.61	0.23	-0.02	-0.14	0.24	0.77	0.48	0.68	0.47	0.73	-0.28	-0.22	0.11	-0.08	0.27	-0.17	0.19		0.42	0.43	0.42	0.72	0.66
Intangible Assets	-0.03	-0.09	-0.03	0.17	0.04	-0.23	-0.25	-0.01	0.49	0.19	0.48	0.07	0.54	-0.25	-0.28	0.37	-0.18	-0.01	-0.2	-0.06	0.42		0.37	0.06	0.32	0.45
Non Currrent Assets Other	0.7	0.58	0.65	0.72	0.7	0.62	0.4	0.6	0.46	0.76	0.41	0.72	0.6	0.42	0.39	0.81	0.62	0.68	0.6	0.66	0.43	0.37		0.67	0.48	0.72
Accounts Payable	0.93	0.83	0.91	0.97	0.58	0.73	0.71	0.56	0.29	0.58	0.22	0.98	0.53	0.63	0.69	0.54	0.71	0.96	0.7	0.93	0.42	0.06	0.67		0.36	0.65
Good Will	0.3	0.03	0.12	0.5	0.62	0.1	-0.28	0.62	0.91	0.83	0.9	0.49	0.88	-0.24	-0.28	0.41	0.08	0.21	0.01	0.21	0.72	0.32	0.48	0.36		0.86
Common Stock Total Equity	0.63	0.39	0.48	0.74	0.65	0.42	0.09	0.62	0.85	0.86	0.83	0.75	0.97	0.14	0.1	0.6	0.43	0.56	0.37	0.55	0.66	0.45	0.72	0.65	0.86

Click cells to compare fundamentals

Avnet Account Relationship Matchups

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

Avnet Investors Sentiment

The influence of Avnet's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Avnet. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Avnet's public news can be used to forecast risks associated with an investment in Avnet. The trend in average sentiment can be used to explain how an investor holding Avnet can time the market purely based on public headlines and social activities around Avnet Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Avnet's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Avnet's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Avnet's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Avnet.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Avnet in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Avnet's short interest history, or implied volatility extrapolated from Avnet options trading.

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

0.93	ARW	Arrow Electronics	Pair Corr
0.81	SNX	Synnex Financial Report 25th of June 2024	Pair Corr

Moving against Avnet Stock

0.79	ZS	Zscaler Financial Report 6th of June 2024	Pair Corr
0.78	MX	MagnaChip Semiconductor	Pair Corr
0.72	S	SentinelOne Financial Report 6th of June 2024	Pair Corr
0.64	ACN	Accenture plc Financial Report 27th of June 2024	Pair Corr
0.57	ZD	Ziff Davis Financial Report 14th of May 2024	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Avnet Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Avnet Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Avnet Inc Stock. Highlighted below are key reports to facilitate an investment decision about Avnet Inc Stock:

How To Invest In Avnet

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Is Avnet Stock a good investment?

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What is Avnet's Net Worth?

Details

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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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

Complementary 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.

	Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk
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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.

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Avnet Retained Earnings vs Cash Analysis

Retained Earnings vs Cash

Retained Earnings vs Cash Correlation Analysis

Correlation Coefficient

Retained Earnings

Cash

Avnet fundamental ratios Correlations

Avnet Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Avnet fundamental ratios Accounts

Avnet Investors Sentiment

Pair Trading with Avnet

Moving together with Avnet Stock

Moving against Avnet Stock

Complementary Tools for Avnet Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Liab
Total Liab	+ 0.98	Total Assets
Retained Earnings	+ 0.98	Total Stockholder Equity
Inventory	+ 0.98	Net Debt
Cash And Short Term Investments	+ 0.98	Cash

Inventory	- 0.32	Cash
Inventory	- 0.31	Cash And Short Term Investments
Cash And Short Term Investments	- 0.29	Net Debt
Good Will	- 0.28	Inventory
Intangible Assets	- 0.28	Inventory
Short Term Debt	- 0.28	Non Current Liabilities Total