Fabrinet (FN)
Total asset 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 |
| Total assets | US$ in thousands | 2,831,430 | 2,619,300 | 2,542,400 | 2,439,010 | 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 |
| Total asset turnover | 1.21 | 1.25 | 1.23 | 1.23 | 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 |
June 30, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,419,327K ÷ $2,831,430K
= 1.21
The total asset turnover ratio for Fabrinet demonstrates a generally consistent efficiency in utilizing its assets to generate sales over the analyzed period. Beginning at 1.18 on September 30, 2020, the ratio experienced minor fluctuations but remained within a narrow range of approximately 1.14 to 1.27 until March 31, 2023. The ratio reached its highest point at 1.34 on June 30, 2023, indicating an improvement in asset utilization efficiency during that period. Subsequently, the ratio slightly declined to 1.23 by September 30, 2024, maintaining that level through the rest of the period assessed, with minor fluctuations around 1.23 to 1.25 in the final quarters.
This trend suggests that Fabrinet has maintained a relatively stable and efficient use of its assets to generate revenue, with a notable peak in mid-2023. The stabilization in the later periods indicates consistent operational performance, although the slight declines after the peak may reflect changing asset utilization or strategic adjustments. Overall, the company's asset turnover ratio remains robust within the observed timeframe, showcasing efficient management of its asset base relative to sales generation.
Peer comparison
Jun 30, 2025