Fabrinet (FN)
Total asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,882,970 | 2,645,240 | 2,262,220 | 1,879,350 | 1,641,840 |
| Total assets | US$ in thousands | 2,338,520 | 1,979,650 | 1,835,640 | 1,616,120 | 1,381,980 |
| Total asset turnover | 1.23 | 1.34 | 1.23 | 1.16 | 1.19 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,882,970K ÷ $2,338,520K
= 1.23
Fabrinet's total asset turnover ratio has fluctuated over the past five years, ranging from 1.16 to 1.34. The ratio indicates how efficiently the company generates sales revenue from its total assets. A higher ratio is generally preferred as it suggests that the company is utilizing its assets more effectively to generate revenue.
In the most recent fiscal year ending June 30, 2024, Fabrinet's total asset turnover ratio decreased to 1.23 from the previous year's value of 1.34. This decline may indicate a slight decrease in the company's efficiency in generating sales from its assets. However, it is important to consider industry benchmarks and trends to evaluate Fabrinet's performance in context.
Overall, the trend of total asset turnover for Fabrinet shows some variability, and investors and analysts may want to further investigate the reasons behind these fluctuations to understand the company's operational efficiency and asset utilization better.
Peer comparison
Jun 30, 2024