Fabrinet (FN)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 324,516 | 308,700 | 301,151 | 290,568 | 277,605 | 265,698 | 256,217 | 253,488 | 251,704 | 245,594 | 237,427 | 222,587 | 203,406 | 191,709 | 175,726 | 160,146 | 150,753 | 135,284 | 124,833 | 121,032 |
| 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 |
| Operating ROA | 11.46% | 11.79% | 11.85% | 11.91% | 11.87% | 11.88% | 12.01% | 12.55% | 12.71% | 12.11% | 12.06% | 11.94% | 11.08% | 10.77% | 10.04% | 9.53% | 9.33% | 9.01% | 8.34% | 8.49% |
June 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $324,516K ÷ $2,831,430K
= 11.46%
The analysis of Fabrinet's operating return on assets (operating ROA) over the specified period demonstrates a consistent improvement during the initial years, followed by a stabilization and slight fluctuations thereafter. Starting from September 30, 2020, with an operating ROA of 8.49%, the metric increased steadily, reaching 12.11% by March 31, 2023. This upward trend indicates an enhancement in the company's operational efficiency and profitability relative to its assets, reflecting successful management strategies and possibly favorable market conditions during that period.
The most notable growth occurred between September 30, 2020, and September 30, 2022, where the operating ROA rose from 8.49% to 11.94%, suggesting a strengthening of operational performance. Subsequently, the ratio continued to hover around the low 12% range, with minor fluctuations; it peaked at 12.71% on June 30, 2023, before slightly declining to 12.55% by September 30, 2023. By the end of 2023, the operating ROA stabilized around 12%, indicating a period of operational maturity.
Projection into 2024 and 2025 reveals a slight downward trend, with values decreasing gradually from approximately 11.85% to 11.46% by June 30, 2025. This modest decline could suggest operational pressures, market normalization, or adjustments in efficiency levels. Overall, Fabrinet has demonstrated a sustained increase in operating efficiency over the analyzed period, with the current levels reflecting a mature and relatively stable operational performance.
Peer comparison
Jun 30, 2025