Fabrinet (FN)
Fixed asset turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,419,330 | 2,882,970 | 2,645,240 | 2,262,220 | 1,879,350 |
| Property, plant and equipment | US$ in thousands | — | 312,576 | 310,350 | 296,361 | 247,828 |
| Fixed asset turnover | — | 9.22 | 8.52 | 7.63 | 7.58 |
June 30, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,419,330K ÷ $—K
= —
The fixed asset turnover ratio of Fabrinet demonstrates a consistent upward trend over the period from June 30, 2021, to June 30, 2024. Specifically, the ratio increased from 7.58 in 2021 to 7.63 in 2022, reflecting a marginal improvement in the efficiency with which the company utilizes its fixed assets to generate sales. The ratio further increased to 8.52 in 2023, indicating a more substantial enhancement in asset utilization. By June 30, 2024, the fixed asset turnover reached 9.22, suggesting continued efficiency gains.
This positive progression illustrates that Fabrinet has become increasingly effective at leveraging its fixed assets to produce revenue. The rising ratios imply that the company may have optimized its asset base or increased sales without proportionally increasing its fixed assets. The absence of data for June 30, 2025, precludes further analysis, but the trend up to 2024 underscores a trajectory of improving asset efficiency.
Peer comparison
Jun 30, 2025