Fabrinet Net Income vs Depreciation Analysis

FN Stock  USD 221.24  0.35  0.16%   
Fabrinet financial indicator trend analysis is much more than just examining Fabrinet latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fabrinet is a good investment. Please check the relationship between Fabrinet Net Income and its Depreciation accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fabrinet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Fabrinet Stock, please use our How to Invest in Fabrinet guide.

Net Income vs Depreciation

Net Income vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fabrinet Net Income account and Depreciation. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Fabrinet's Net Income and Depreciation is 0.92. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation in the same time period over historical financial statements of Fabrinet, assuming nothing else is changed. The correlation between historical values of Fabrinet's Net Income and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Fabrinet are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Income i.e., Fabrinet's Net Income and Depreciation go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Fabrinet financial statement analysis. It represents the amount of money remaining after all of Fabrinet operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Depreciation

Depreciation indicates how much of Fabrinet value has been used up. For tax purposes Fabrinet can deduct the cost of the tangible assets it purchases as business expenses. However, Fabrinet must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Fabrinet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fabrinet current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fabrinet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Fabrinet Stock, please use our How to Invest in Fabrinet guide.At this time, Fabrinet's Tax Provision is very stable compared to the past year. As of the 25th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0, while Selling General Administrative is likely to drop about 47.9 M.
 2021 2022 2023 2024 (projected)
Interest Expense432K1.5M124K117.8K
Depreciation And Amortization38.7M43.8M49.0M51.5M

Fabrinet fundamental ratios Correlations

-0.40.90.981.00.810.12-0.830.990.980.860.81-0.180.970.990.750.680.290.810.89-0.670.820.921.0-0.310.85
-0.4-0.42-0.34-0.44-0.01-0.580.68-0.5-0.35-0.560.010.37-0.43-0.46-0.20.210.59-0.18-0.670.64-0.06-0.49-0.430.47-0.04
0.9-0.420.910.890.70.24-0.720.90.880.730.69-0.170.850.930.570.470.210.730.86-0.820.750.830.91-0.290.68
0.98-0.340.910.960.810.09-0.750.960.990.770.81-0.110.910.970.690.630.290.850.86-0.690.860.870.97-0.210.8
1.0-0.440.890.960.790.14-0.861.00.970.880.79-0.190.980.990.760.670.260.790.91-0.670.790.931.0-0.330.84
0.81-0.010.70.810.79-0.23-0.50.770.830.531.0-0.010.710.780.790.720.450.940.52-0.350.950.60.79-0.070.9
0.12-0.580.240.090.14-0.23-0.350.190.050.3-0.25-0.390.170.2-0.3-0.3-0.34-0.20.46-0.46-0.170.350.14-0.4-0.14
-0.830.68-0.72-0.75-0.86-0.5-0.35-0.86-0.76-0.99-0.490.27-0.9-0.81-0.71-0.45-0.03-0.53-0.90.56-0.52-0.87-0.850.52-0.64
0.99-0.50.90.961.00.770.19-0.860.960.880.76-0.220.970.990.740.620.210.780.93-0.710.770.941.0-0.350.81
0.98-0.350.880.990.970.830.05-0.760.960.780.83-0.160.920.970.720.650.320.870.85-0.660.870.870.98-0.260.82
0.86-0.560.730.770.880.530.3-0.990.880.780.53-0.220.930.820.720.560.150.530.89-0.510.540.90.87-0.490.7
0.810.010.690.810.791.0-0.25-0.490.760.830.53-0.010.710.770.790.730.470.940.52-0.340.950.60.79-0.060.9
-0.180.37-0.17-0.11-0.19-0.01-0.390.27-0.22-0.16-0.22-0.01-0.19-0.20.020.13-0.25-0.12-0.250.27-0.08-0.17-0.20.87-0.05
0.97-0.430.850.910.980.710.17-0.90.970.920.930.71-0.190.940.770.670.280.690.92-0.630.710.960.97-0.370.81
0.99-0.460.930.970.990.780.2-0.810.990.970.820.77-0.20.940.690.60.210.80.92-0.750.80.920.99-0.30.78
0.75-0.20.570.690.760.79-0.3-0.710.740.720.720.790.020.770.690.680.290.720.58-0.270.730.670.75-0.20.8
0.680.210.470.630.670.72-0.3-0.450.620.650.560.730.130.670.60.680.60.560.38-0.010.580.570.65-0.040.9
0.290.590.210.290.260.45-0.34-0.030.210.320.150.47-0.250.280.210.290.60.35-0.010.170.450.150.27-0.280.52
0.81-0.180.730.850.790.94-0.2-0.530.780.870.530.94-0.120.690.80.720.560.350.56-0.450.970.560.8-0.150.8
0.89-0.670.860.860.910.520.46-0.90.930.850.890.52-0.250.920.920.580.38-0.010.56-0.820.580.960.91-0.410.58
-0.670.64-0.82-0.69-0.67-0.35-0.460.56-0.71-0.66-0.51-0.340.27-0.63-0.75-0.27-0.010.17-0.45-0.82-0.46-0.72-0.690.29-0.25
0.82-0.060.750.860.790.95-0.17-0.520.770.870.540.95-0.080.710.80.730.580.450.970.58-0.460.610.81-0.120.81
0.92-0.490.830.870.930.60.35-0.870.940.870.90.6-0.170.960.920.670.570.150.560.96-0.720.610.93-0.340.7
1.0-0.430.910.971.00.790.14-0.851.00.980.870.79-0.20.970.990.750.650.270.80.91-0.690.810.93-0.330.83
-0.310.47-0.29-0.21-0.33-0.07-0.40.52-0.35-0.26-0.49-0.060.87-0.37-0.3-0.2-0.04-0.28-0.15-0.410.29-0.12-0.34-0.33-0.21
0.85-0.040.680.80.840.9-0.14-0.640.810.820.70.9-0.050.810.780.80.90.520.80.58-0.250.810.70.83-0.21
Click cells to compare fundamentals

Fabrinet Account Relationship Matchups

Fabrinet fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.4B1.6B1.8B2.0B2.3B2.5B
Short Long Term Debt Total59.5M46.0M31.2M13.4M5.0M4.7M
Other Current Liab70.3M75.2M77.1M112.5M109.5M114.9M
Total Current Liabilities337.5M444.4M538.5M481.9M557.9M585.8M
Total Stockholder Equity974.4M1.1B1.3B1.5B1.7B1.8B
Property Plant And Equipment Net236.3M247.8M296.4M312.0M312.6M172.7M
Current Deferred Revenue1.6M1.7M2.0M6.0M16.3M17.1M
Net Debt(165.9M)(257.0M)(166.8M)(217.9M)(405.0M)(384.7M)
Retained Earnings868.1M1.0B1.2B1.5B1.8B1.8B
Accounts Payable251.6M346.6M439.7M381.1M441.8M463.9M
Cash225.4M303.0M198.0M231.4M410.0M430.5M
Non Current Assets Total246.5M263.6M310.5M327.1M325.8M181.9M
Non Currrent Assets Other202K1.8M652K635K485K460.8K
Cash And Short Term Investments488.1M547.9M478.2M550.5M858.6M901.5M
Net Receivables310.2M348.4M452.7M531.8M592.5M622.1M
Common Stock Total Equity385K388K390K393K452.0K381.4K
Common Stock Shares Outstanding37.7M37.6M37.4M36.9M36.6M38.7M
Liabilities And Stockholders Equity1.4B1.6B1.8B2.0B2.3B2.5B
Non Current Liabilities Total69.4M59.2M43.5M29.1M34.8M40.1M
Inventory309.8M422.1M557.1M519.6M463.2M240.8M
Other Current Assets13.9M34.0M37.2M50.7M98.4M103.4M
Other Stockholder Equity107.1M102.1M49.4M11.8M(12.3M)(11.7M)
Total Liab407.0M503.6M582.0M511.0M592.8M315.0M
Property Plant And Equipment Gross236.3M247.8M296.4M312.0M639.7M671.7M
Total Current Assets1.1B1.4B1.5B1.7B2.0B2.1B
Accumulated Other Comprehensive Income(1.1M)(6.3M)(12.8M)(8.1M)(3.1M)(3.3M)
Short Term Debt14.1M17.3M16.8M13.4M2.7M2.6M
Common Stock385K388K390K393K395K389.1K
Other Liab21.4M24.0M28.0M26.7M30.7M32.3M
Other Assets5.9M11.4M10.6M12.7M1.00.95
Long Term Debt60.9M57.7M39.5M27.4M15.2M0.0
Intangible Assets4.3M4.4M3.5M2.4M2.3M2.5M
Property Plant Equipment236.3M247.8M296.4M310.4M356.9M178.6M
Short Term Investments262.7M245.0M280.2M319.1M448.6M471.1M
Net Tangible Assets970.1M1.1B1.3B1.5B1.7B1.8B
Retained Earnings Total Equity868.1M1.0B1.2B1.5B1.7B1.8B
Long Term Debt Total61.5M57.8M39.5M27.4M15.3M0.0
Capital Surpluse175.6M189.4M196.7M206.6M237.6M148.6M
Treasury Stock(42.4M)(47.8M)(68.5M)(87.3M)(78.6M)(74.7M)

Pair Trading with Fabrinet

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fabrinet position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fabrinet will appreciate offsetting losses from the drop in the long position's value.

Moving against Fabrinet Stock

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  0.31SATLW Satellogic WarrantPairCorr
The ability to find closely correlated positions to Fabrinet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fabrinet when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fabrinet - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fabrinet to buy it.
The correlation of Fabrinet is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fabrinet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fabrinet moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fabrinet can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fabrinet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Fabrinet Stock, please use our How to Invest in Fabrinet guide.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fabrinet. If investors know Fabrinet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fabrinet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.197
Earnings Share
8.45
Revenue Per Share
82.845
Quarterly Revenue Growth
0.173
Return On Assets
0.0818
The market value of Fabrinet is measured differently than its book value, which is the value of Fabrinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fabrinet's value that differs from its market value or its book value, called intrinsic value, which is Fabrinet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fabrinet's market value can be influenced by many factors that don't directly affect Fabrinet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fabrinet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fabrinet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fabrinet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.