Fabrinet (FN)
Total 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 |
| Total assets | US$ in thousands | 2,831,430 | 2,338,520 | 1,979,650 | 1,835,640 | 1,616,120 |
| Total asset turnover | 1.21 | 1.23 | 1.34 | 1.23 | 1.16 |
June 30, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,419,330K ÷ $2,831,430K
= 1.21
The total asset turnover ratio of Fabrinet has exhibited variations over the period from June 30, 2021, to June 30, 2025. Starting at 1.16 in 2021, the ratio increased to 1.23 in 2022, indicating an improvement in the efficiency with which the company utilizes its total assets to generate sales. This positive trend continued into 2023, reaching a peak of 1.34, which suggests enhanced operational efficiency or a more effective deployment of assets during that year.
However, in the subsequent year, the ratio declined slightly to 1.23 in 2024, reflecting a potential slowdown in asset utilization or a shift in sales dynamics. The ratio further decreased marginally to 1.21 in 2025, indicating a slight reduction in asset efficiency compared to the previous years. Overall, the data demonstrates an upward trend in total asset turnover from 2021 to 2023, followed by a modest decline thereafter. This pattern may imply that Fabrinet experienced a period of improved sales performance relative to its asset base, which then stabilized or slightly waned in the subsequent years.
Peer comparison
Jun 30, 2025