Fabrinet (FN)
Fixed asset turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 1,641,836 | 1,641,850 | 1,629,591 | 1,606,454 |
| Property, plant and equipment | US$ in thousands | 307,240 | 303,118 | 306,019 | 306,665 | 310,350 | 308,365 | 302,282 | 294,877 | 292,277 | 291,767 | 290,683 | 271,659 | 241,129 | 228,767 | 227,670 | 227,623 | 228,274 | 218,043 | 217,038 | 212,270 |
| Fixed asset turnover | 9.38 | 9.19 | 8.89 | 8.72 | 8.52 | 8.36 | 8.19 | 8.05 | 7.74 | 7.49 | 7.22 | 7.31 | 7.79 | 7.76 | 7.50 | 7.38 | 7.19 | 7.53 | 7.51 | 7.57 |
June 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,882,967K ÷ $307,240K
= 9.38
Fabrinet's fixed asset turnover ratio has shown a generally increasing trend over the past few quarters, indicating improved efficiency in generating revenue from its fixed assets. The company's fixed asset turnover ratio has been consistently above 7, reaching as high as 9.38 in the most recent quarter.
A fixed asset turnover ratio above 1 indicates that the company is generating more revenue per dollar invested in fixed assets, suggesting efficient utilization of its fixed assets. The upward trend in the fixed asset turnover ratio reflects Fabrinet's ability to effectively manage and utilize its fixed assets to drive revenue growth.
Overall, the increasing trend in Fabrinet's fixed asset turnover ratio indicates that the company is efficiently utilizing its fixed assets to generate revenue, which is a positive signal for investors and stakeholders. It suggests that Fabrinet is effectively managing its assets to drive growth and profitability.
Peer comparison
Jun 30, 2024