Fabrinet (FN)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 356,118 | 345,964 | 341,036 | 337,921 | 336,273 | 328,911 | 313,597 | 297,753 | 278,594 | 264,745 | 250,830 | 234,480 | 221,363 | 206,903 | 194,461 | 190,598 | 186,105 | 186,107 | 188,529 | 184,935 |
| 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 |
| Gross profit margin | 12.35% | 12.42% | 12.54% | 12.63% | 12.71% | 12.76% | 12.66% | 12.54% | 12.32% | 12.12% | 11.95% | 11.81% | 11.78% | 11.66% | 11.39% | 11.35% | 11.34% | 11.34% | 11.57% | 11.51% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $356,118K ÷ $2,882,967K
= 12.35%
Fabrinet's gross profit margin has shown some fluctuations over the past few years. The trend indicates a slight increase from 11.34% in September 2019 to 12.35% in June 2024. While there have been variations, the company has generally maintained a gross profit margin in the range of 11% to 12.76% during this period.
It is important to note that the gross profit margin is a key indicator of a company's efficiency in managing production costs and pricing strategies. A higher gross profit margin suggests that Fabrinet is effectively controlling its production costs relative to its sales revenue. On the other hand, a declining trend in the gross profit margin could imply potential challenges in cost management or pricing strategies that may impact the company's overall profitability.
Overall, the gradual increase in Fabrinet's gross profit margin over time is a positive sign, indicating potential improvements in cost control and pricing strategies. However, it is essential for the company to continue monitoring and optimizing its operations to sustain and potentially enhance its gross profit margin in the future.
Peer comparison
Jun 30, 2024