Super Micro Computer Inc (SMCI)

Days of sales outstanding (DSO)

		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
Receivables turnover		9.25	8.12	6.80	6.88	5.62	7.16	6.16	8.74	6.20	9.78	8.65	8.17	6.23	6.81	8.38	8.36	7.67	8.31	10.10	10.23
DSO	days	39.45	44.97	53.64	53.02	64.98	50.96	59.29	41.77	58.84	37.31	42.19	44.68	58.62	53.59	43.54	43.68	47.59	43.93	36.15	35.69

June 30, 2025 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.25
= 39.45

The analysis of Super Micro Computer Inc.’s Days of Sales Outstanding (DSO) over the period from September 2020 through June 2025 reveals a pattern of fluctuations with periods of both stabilization and increase.

Initially, at the end of September 2020, the DSO was approximately 35.69 days. This figure showed minor variations through December 2020, reaching about 36.15 days, indicating a relatively stable receivables collection period during this period. However, beginning in March 2021, the DSO experienced a notable upward trend, rising to approximately 43.93 days, and further increasing to 47.59 days by June 2021.

This upward trajectory continued into September 2021 and December 2021, with DSOs stabilizing around mid-40 days, specifically approximately 43.68 and 43.54 days respectively. However, a significant increase was observed by March 2022, with DSO reaching approximately 53.59 days, indicating a slowdown in collections processes or a change in customer payment behaviors. The upward trend persisted into June 2022, when DSO rose further to approximately 58.62 days, suggesting extended receivables periods.

From late 2022 onwards, the DSO exhibited some stabilization; at the end of September 2022, it was around 44.68 days, decreasing slightly to 42.19 days in December 2022. In 2023, the DSO decreased further to 37.31 days in March, but then increased again, reaching approximately 58.84 days in June, before declining to 41.77 days by September 2023. The fluctuations continued into the end of 2023, with DSO rising again to approximately 59.29 days in December, indicative of a cyclical or irregular pattern in receivables collection.

During the first half of 2024, the DSO declined to about 50.96 days in March but increased again in June to approximately 64.98 days, marking a peak in the period. The subsequent quarter saw a slight reduction to 53.02 days in September 2024, closely maintaining around 53.64 days by the end of December 2024. Moving into 2025, the DSO showed a decreasing trend, registering approximately 44.97 days in March and further declining to about 39.45 days in June.

Overall, the trend indicates periods of rising DSO, peaking at nearly 65 days in June 2024, which could signal stretch on receivables collections or changing credit policies, followed by periods of decline suggesting potential improvements in collection efficiency. The fluctuations highlight the importance of ongoing monitoring of receivables management practices and external factors influencing payment cycles.