Fabrinet (FN)
Operating return on assets (Operating ROA)
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 325,883 | 277,605 | 251,704 | 204,518 | 150,753 |
| Total assets | US$ in thousands | 2,831,430 | 2,338,520 | 1,979,650 | 1,835,640 | 1,616,120 |
| Operating ROA | 11.51% | 11.87% | 12.71% | 11.14% | 9.33% |
June 30, 2025 calculation
Operating ROA = Operating income ÷ Total assets
= $325,883K ÷ $2,831,430K
= 11.51%
The operating return on assets (ROA) for Fabrinet demonstrates a positive long-term trend over the period from June 30, 2021, to June 30, 2025. Specifically, the operating ROA increased from 9.33% in 2021 to 11.14% in 2022, reflecting an improvement in the company's efficiency in generating operating profits relative to its total assets. The upward momentum continued into 2023, with the operating ROA reaching 12.71%, indicating further enhancement in operational profitability and asset utilization.
However, after the peak in 2023, the operating ROA shows a slight decline, decreasing to 11.87% in 2024 and further to 11.51% in 2025. Although these figures still represent healthy profitability levels, the modest decline suggests a potential stabilization or slight compression in operational efficiency.
Overall, the trend reflects an overall strengthening of Fabrinet's operating effectiveness during the analyzed period, with notable growth up until 2023, followed by a mild reduction in subsequent years. This pattern may suggest that the company experienced accelerated operational leverage or improved asset management leading up to 2023, and subsequent factors such as market conditions, competitive pressures, or operational adjustments could have contributed to the stabilization or slight decline in 2024 and 2025.
Peer comparison
Jun 30, 2025