Fabrinet (FN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 332,527 | 326,386 | 326,012 | 308,486 | 296,181 | 275,901 | 254,340 | 248,387 | 247,913 | 243,316 | 234,622 | 220,344 | 200,380 | 186,604 | 173,436 | 159,941 | 148,341 | 133,952 | 124,726 | 120,573 |
| 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 |
| ROA | 11.74% | 12.46% | 12.82% | 12.65% | 12.67% | 12.33% | 11.92% | 12.30% | 12.52% | 11.99% | 11.92% | 11.82% | 10.92% | 10.48% | 9.91% | 9.52% | 9.18% | 8.92% | 8.33% | 8.46% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $332,527K ÷ $2,831,430K
= 11.74%
The analysis of Fabrinet’s return on assets (ROA) from September 30, 2020, through June 30, 2025, reveals an overall upward trend with notable fluctuations. Initially, the ROA stood at 8.46% as of September 30, 2020, reflecting a moderately efficient utilization of assets to generate net income. Through the subsequent quarters, the ROA exhibited gradual increases, reaching 9.52% by September 30, 2021, and continuing its upward trajectory to 10.92% by June 30, 2022.
The upward movement persisted through fiscal year-end 2022, with the ROA attaining 11.92% on December 31, 2022, and approaching nearly 12% by March 31, 2023. This indicates an improvement in asset productivity and possibly operational efficiencies or higher profitability margins. The trend extended into 2024, with the ROA reaching 12.82% on December 31, 2024, the highest within the analyzed period. Slight fluctuations occurred thereafter, with a modest decline to 12.46% by March 31, 2025, and a further decrease to 11.74% by June 30, 2025.
Overall, the data demonstrates consistent growth in Fabrinet’s ROA over the analyzed period, suggesting enhanced effectiveness in converting assets into earnings. The peak in late 2024, followed by minor declines, may reflect temporary operational adjustments or market conditions. Nonetheless, the sustained elevation above initial levels indicates an improving trend in asset utilization efficiency and profitability.