Fabrinet (FN)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 296,181 | 247,913 | 200,380 | 148,341 | 113,479 |
| Total assets | US$ in thousands | 2,338,520 | 1,979,650 | 1,835,640 | 1,616,120 | 1,381,980 |
| ROA | 12.67% | 12.52% | 10.92% | 9.18% | 8.21% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $296,181K ÷ $2,338,520K
= 12.67%
Fabrinet's return on assets (ROA) has shown a generally positive trend over the past five years, increasing from 8.21% in 2020 to 12.67% in 2024. This indicates the company's ability to generate profits relative to its total assets has improved steadily over this period. The consistent growth in ROA suggests that Fabrinet has become more efficient in utilizing its assets to generate earnings for its shareholders. The company's ability to maintain and improve its ROA over time reflects positively on its operational efficiency and financial performance.
Peer comparison
Jun 30, 2024