Fabrinet (FN)
Fixed asset turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,419,327 | 3,262,896 | 3,122,632 | 3,001,718 | 2,882,967 | 2,785,577 | 2,719,323 | 2,675,285 | 2,645,237 | 2,577,240 | 2,476,354 | 2,374,331 | 2,262,224 | 2,183,917 | 2,098,839 | 1,986,033 | 1,879,350 | 1,774,896 | 1,706,789 | 1,679,179 |
| Property, plant and equipment | US$ in thousands | — | 360,510 | 330,045 | 316,374 | — | — | — | 312,689 | 310,350 | 308,365 | 302,282 | 298,124 | 296,361 | 291,767 | 296,161 | 277,745 | 247,828 | 228,767 | 227,670 | 227,623 |
| Fixed asset turnover | — | 9.05 | 9.46 | 9.49 | — | — | — | 8.56 | 8.52 | 8.36 | 8.19 | 7.96 | 7.63 | 7.49 | 7.09 | 7.15 | 7.58 | 7.76 | 7.50 | 7.38 |
June 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,419,327K ÷ $—K
= —
The fixed asset turnover ratio for Fabrinet exhibited several notable variations over the analyzed period. Starting at 7.38 as of September 30, 2020, the ratio experienced a gradual upward trend, reaching a peak of 8.56 by September 30, 2023. This increase indicates an improved efficiency in utilizing fixed assets to generate revenue, suggesting that the company has become more effective in leveraging its fixed assets over time.
Between September 30, 2020, and September 30, 2023, the ratio demonstrated consistent growth, with incremental improvements reflected in periods such as December 31, 2020 (7.50), March 31, 2021 (7.76), and further rising to 7.96 in September 30, 2022, culminating in 8.56 at the end of September 2023. This trend may be indicative of strategic capital utilization, better asset management, or increased revenue generation relative to the fixed asset base.
Post-September 2023, the ratio data shows continued upward momentum through December 2023 at 9.46 and March 31, 2024, reaching 9.49 in September 2024. The ratio remains relatively stable during this period, reflecting sustained asset efficiency gains. The figures suggest the company’s asset base is being employed more productively, possibly due to operational improvements, technological upgrades, or strategic asset deployment.
Overall, the data indicates that Fabrinet has demonstrated a consistent enhancement in fixed asset utilization over the observed timeframe, with the ratio approaching close to 9.5 by September 2024. This positive trend underscores increased operational efficiency, even as the ratio's trajectory remains subject to future fluctuations based on strategic decisions and market conditions.
Peer comparison
Jun 30, 2025