Fabrinet (FN)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 311,354 | 293,442 | 273,601 | 264,956 | 260,096 | 251,115 | 241,197 | 227,022 | 206,966 | 189,225 | 174,759 | 161,012 | 150,484 | 138,813 | 128,949 | 125,845 | 119,242 | 124,743 | 125,647 | 124,640 |
| 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 |
| Pretax margin | 10.80% | 10.53% | 10.06% | 9.90% | 9.83% | 9.74% | 9.74% | 9.56% | 9.15% | 8.66% | 8.33% | 8.11% | 8.01% | 7.82% | 7.56% | 7.49% | 7.26% | 7.60% | 7.71% | 7.76% |
June 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $311,354K ÷ $2,882,967K
= 10.80%
The pretax margin of Fabrinet has shown a generally positive trend over the past several quarters. The company's pretax margin has been relatively stable, ranging between 7.26% and 10.80%. This indicates that Fabrinet has been effectively managing its operating expenses relative to its revenue, resulting in a consistent level of profitability before taxes.
In recent quarters, the pretax margin has been above 9%, reflecting the company's ability to generate earnings before tax deductions. This trend suggests strong operational efficiency and effective cost control measures within the organization.
Overall, the pretax margin analysis indicates that Fabrinet has been maintaining a healthy level of profitability before tax expenses, which is a positive indicator of the company's financial performance and management of operating costs.
Peer comparison
Jun 30, 2024