How do you interpret electronics marketing — goodwill translation adjustments?

Indicates exposure to foreign currency risk and the geographic footprint of the segment's acquired assets.

How does electronics marketing — goodwill translation adjustments compare across companies?

Standard currency adjustment metric; peers report this as 'Translation Adjustments' within segment equity notes.

Avnet AVT Electronics Marketing — Goodwill Translation Adjustments

Discontinued — last reported Q4 '16

Similar metrics at other companies

ALVElectronics — Goodwill Translation Adjustments

$200K—

APTVElectricalelectronicarchitecture — Goodwill Translation Adjustments

-$11.5M+25.8%

APTVElectronicsandsafety — Goodwill Translation Adjustments

$0—

LFUSElectronics — Goodwill Translation Adjustments

-$435K-9.4%

ALVElectronics — Goodwill Foreign Currency Translation Gain Loss

-$200K-107%

APTVElectronicsand Safety — Goodwill Foreign Currency Translation Gain Loss

$0—

Other financials

Income statement

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Revenue$7.1B+33.9%

Gross profit$739.1M+25.7%

Operating income$205.5M+43.5%

Net income$94.3M+7.3%

EPS (diluted)$1.14+12.9%

Balance sheet

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Cash & equivalents$202.4M+7.2%

Total debt$3.2B+12.0%

Total equity$5.0B+1.4%

Total assets$13.5B+15.2%

Cash flow

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Operating cash flow$208.2M-38.4%

CapEx$16.9M-36.9%

Free cash flow-$70.7M-162%

Valuation

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Market cap$7.5B+21.3%

Enterprise value$10.47B+17.8%

P/E35.1×+15.5×

P/S0.3×0.0×

Profitability

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Gross margin10.5%-0.5pp

Operating margin2.3%-0.5pp

Net margin0.9%-0.6pp

FCF margin0.1%-3.2pp

Returns & leverage

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Return on equity4.3%-2.1pp

Debt / equity0.6×+0.1×

Current ratio2×-0.4×

Where this comes from

Reported directly by Avnet in its filing.

Tagged under the XBRL concept us-gaap:GoodwillTranslationAdjustments.

The official record: Avnet’s 10-K, filed August 12, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does electronics marketing — goodwill translation adjustments mean?: Adjustments to the value of goodwill caused by changes in foreign currency exchange rates.
How do you interpret electronics marketing — goodwill translation adjustments?: Indicates exposure to foreign currency risk and the geographic footprint of the segment's acquired assets.
How does electronics marketing — goodwill translation adjustments compare across companies?: Standard currency adjustment metric; peers report this as 'Translation Adjustments' within segment equity notes.