Super Micro Computer Inc (SMCI)

Fixed asset turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	14,989,300	7,123,480	5,196,100	3,557,420	3,339,280
Property, plant and equipment	US$ in thousands	414,008	290,240	285,972	274,713	233,785
Fixed asset turnover		36.21	24.54	18.17	12.95	14.28

June 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $14,989,300K ÷ $414,008K
= 36.21

Super Micro Computer Inc's fixed asset turnover has shown a positive trend over the past five years, indicating improved efficiency in generating revenue from its fixed assets. As of June 30, 2020, the fixed asset turnover was 14.28, which decreased slightly to 12.95 by June 30, 2021. However, in the subsequent years, there was significant improvement in this ratio, with a notable increase to 18.17 by June 30, 2022, further rising to 24.54 by June 30, 2023, and reaching 36.21 by June 30, 2024.

This upward trend suggests that Super Micro Computer Inc has been able to utilize its fixed assets more effectively to generate sales revenue. A higher fixed asset turnover ratio indicates that the company is efficiently utilizing its resources to generate revenue, which can lead to increased profitability and overall financial performance. It reflects operational efficiency and effective asset management within the company.