Fabrinet (FN)
Receivables 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 |
| Receivables | US$ in thousands | 758,894 | 658,301 | 680,094 | 662,692 | 592,452 | 583,882 | 584,614 | 535,006 | 531,767 | 561,424 | 533,602 | 476,572 | 452,794 | 459,620 | 397,873 | 359,809 | 348,425 | 350,519 | 358,963 | 325,229 |
| Receivables turnover | 4.51 | 4.96 | 4.59 | 4.53 | 4.87 | 4.77 | 4.65 | 5.00 | 4.97 | 4.59 | 4.64 | 4.98 | 5.00 | 4.75 | 5.28 | 5.52 | 5.39 | 5.06 | 4.75 | 5.16 |
June 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,419,327K ÷ $758,894K
= 4.51
The receivables turnover ratios for Fabrinet over the period provided exhibit a pattern of fluctuations with some overall stability around an average value. At the start of the observed timeline, on September 30, 2020, the ratio was 5.16, indicating that receivables were collected approximately five times during the year. This ratio declined to 4.75 by December 31, 2020, and then showed a slight recovery to 5.06 by March 31, 2021, followed by an increase to 5.39 on June 30, 2021, and further to 5.52 on September 30, 2021.
Following this peak, the ratio experienced a modest decrease to 5.28 at the end of 2021, and then sharply dropped to 4.75 at the end of March 2022. Subsequently, the ratio fluctuated between approximately 4.59 and 5.00 through the remainder of 2022 and into 2023, maintaining a relatively narrow band indicative of stable collection efficiency.
Throughout 2023, the ratio edged slightly upward, reaching 5.00 on September 30, 2023, but then declined again to 4.65 by December 31, 2023. The year 2024 saw minor variations with ratios generally hovering around 4.5 to 4.9, ending with a ratio of 4.59 on December 31, 2024. The ratios in early 2025 showed some upward movement, reaching a peak of 4.96 on March 31, 2025, before declining to 4.51 on June 30, 2025.
Overall, the data suggests that Fabrinet's receivables turnover has remained within a relatively stable range of approximately 4.5 to 5.5 over the analyzed period. The fluctuations appear to reflect periodic adjustments in credit policies, collection efficiency, or changes in sales mix. The ratios indicate a consistent management of receivables collection, with no pronounced trend toward deterioration or significant improvement. This stability in receivables turnover ratios is generally viewed as a positive sign concerning the company's credit and collection practices.
Peer comparison
Jun 30, 2025