William Reed
ACCT 311: Financial Statement Analysis
Course Capstone Project
I. Case 1.2
Just like the rest of the na$on Avnet had direct implica$ons from the recession. From
2008-2009 global GDP Drives technology spending seen a decrease of 45 billion dollars. It was
the 1rst $me that Avnet had seen two consecu$ve years of declining revenue. As world
economies began to stabilize Avnet seen a steady incline in revenue from 2009-2010, 6.2 billion
dollars. The increase in revenue doubled the earning per share during the same $me.
During the recession Avnet took the opportunity during the slowdown to focus more
$me into centralizing their opera$ons and unifying di5erent divisions into groups. By doing this
Avnet was able stabilize the inventory because from 2008-2009 the company had a surplus of
expiring inventory. The company moved towards allocation resourcing which meant the
company would have max limits over orders that they would have on hand. Another area that
Avnet took advantage of during this $me was focusing on emerging markets and acquiring
companies in those areas to strategically align themselves in that market.
II. Case 2.2
Avnet (AVT / NYSE)
Annual Consolidated Balance Sheet
Review
Clear
