Super Micro Computer Inc (SMCI)

Days of inventory on hand (DOH)

		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
Inventory turnover		4.18	4.94	5.07	3.31	2.93	2.41	3.14	2.97	4.04	3.49	3.84	2.88	2.84	2.50	2.58	2.77	2.90	3.18	3.39	3.59
DOH	days	87.42	73.81	72.00	110.25	124.45	151.57	116.39	122.79	90.34	104.60	94.99	126.58	128.33	146.00	141.32	131.61	125.69	114.88	107.63	101.73

June 30, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.18
= 87.42

The days of inventory on hand (DOH) for Super Micro Computer Inc. exhibit notable fluctuations over the analyzed period. Starting at approximately 101.73 days as of September 30, 2020, the DOH increased steadily, reaching a peak of 146.00 days by March 31, 2022. This upward trend during this period indicates a lengthening of the inventory cycle, possibly reflecting increased inventory accumulation relative to sales or supply chain adjustments.

Subsequently, from the peak in March 2022, the DOH decreased significantly, falling to approximately 94.99 days by December 31, 2022. This decline suggests efforts to reduce inventory levels, improving inventory turnover. However, an uptick is observed again, with DOH rising to approximately 122.79 days by September 30, 2023, indicating a potential slowdown in inventory movement or changes in supply and demand dynamics.

The most notable change occurs between December 31, 2024, and March 31, 2025, where the DOH dramatically drops from 72.00 days to 73.81 days in the subsequent quarter and then to 87.42 days in June 2025. This recent increase may be associated with operational adjustments or supply chain disruptions.

Overall, the trajectory of the DOH demonstrates periods of inventory accumulation followed by strategic reductions, with recent data indicating a potential stabilization phase. The variation in DOH reflects the company's ongoing efforts to optimize inventory levels relative to sales performance and supply chain management, balancing the risks of excess inventory against the need for product availability.