Fabrinet (FN)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 113,479 | 118,412 | 118,780 | 119,062 |
| Total assets | US$ in thousands | 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 | 1,381,980 | 1,330,260 | 1,315,030 | 1,289,710 |
| ROA | 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% | 8.21% | 8.90% | 9.03% | 9.23% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $296,181K ÷ $2,338,520K
= 12.67%
The return on assets (ROA) for Fabrinet has shown a generally positive trend over the past few quarters. The ROA has been increasing steadily, starting at 8.46% in March 2020 and reaching a peak of 12.67% in June 2024. This indicates that the company has been able to generate more profit relative to its total assets over time, which is a positive sign for investors and stakeholders.
The consistent improvement in ROA suggests that Fabrinet has been effectively utilizing its assets to generate earnings. This could be attributed to various factors such as operational efficiency, effective cost management, or potentially strategic investments in high-return opportunities.
Overall, the increasing trend in ROA for Fabrinet reflects the company's ability to generate profits from its assets and indicates positive financial performance and operational efficiency.
Peer comparison
Jun 30, 2024