Fabrinet (FN)
Total 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 |
| Total assets | US$ in thousands | 2,338,520 | 2,237,020 | 2,133,140 | 2,019,220 | 1,979,650 | 2,028,800 | 1,968,020 | 1,864,390 | 1,835,640 | 1,780,140 | 1,750,800 | 1,680,620 | 1,616,120 | 1,501,830 | 1,497,640 | 1,425,410 | 1,381,980 | 1,330,260 | 1,315,030 | 1,289,710 |
| Total asset turnover | 1.23 | 1.25 | 1.27 | 1.32 | 1.34 | 1.27 | 1.26 | 1.27 | 1.23 | 1.23 | 1.20 | 1.18 | 1.16 | 1.18 | 1.14 | 1.18 | 1.19 | 1.23 | 1.24 | 1.25 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,882,967K ÷ $2,338,520K
= 1.23
The total asset turnover ratio of Fabrinet has shown some fluctuations over the past few quarters. Generally, the total asset turnover has ranged from 1.14 to 1.34 during the period under consideration.
A total asset turnover ratio of greater than 1 indicates that the company is generating more in sales revenue per dollar of assets. This suggests that Fabrinet has been effectively utilizing its assets to generate sales revenue.
The fluctuation in the total asset turnover ratio over the quarters may be due to various factors such as changes in sales volume, changes in the composition of assets, or changes in the company's overall efficiency in utilizing its assets.
It is important for Fabrinet to monitor and analyze these fluctuations in the total asset turnover ratio to ensure efficient asset utilization and maintain a consistent level of operational performance. Over the long term, a stable or increasing total asset turnover ratio can indicate sustainable growth and operational efficiency.
Peer comparison
Jun 30, 2024