Super Micro Computer Inc (SMCI)
Fixed asset turnover
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,123,480 | 5,196,100 | 3,557,420 | 3,339,280 | 3,500,360 |
| Property, plant and equipment | US$ in thousands | 290,240 | 285,972 | 274,713 | 233,785 | 207,337 |
| Fixed asset turnover | 24.54 | 18.17 | 12.95 | 14.28 | 16.88 |
June 30, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $7,123,480K ÷ $290,240K
= 24.54
The fixed asset turnover of Super Micro Computer Inc has displayed a significant increase over the past five years. In particular, the ratio rose from 16.88 in 2019 to 24.54 in 2023, indicating that the company generated $24.54 in sales for each dollar invested in fixed assets. This trend suggests that the company has become more efficient in utilizing its fixed assets to generate sales revenue. The consistent improvement in fixed asset turnover reflects a better utilization of the company's long-term assets, which is a positive indication of operational efficiency and effective asset management. Overall, the increasing trend in fixed asset turnover signals a positive development in the company's ability to generate sales from its fixed asset base.
Peer comparison
Jun 30, 2023