Super Micro Computer Inc (SMCI)

Fixed asset turnover

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	9,252,750	7,391,030	7,123,490	6,574,090	6,646,280	6,015,500	5,196,100	4,629,620	4,170,011	3,827,897	3,557,417	3,384,563	3,261,090	3,301,727	3,339,281	3,297,389	3,268,480	3,329,046	3,500,360	3,324,294
Property, plant and equipment	US$ in thousands	297,102	291,669	290,240	290,038	289,255	290,752	285,972	282,319	280,282	284,148	274,713	265,566	255,406	241,852	233,785	230,477	220,551	212,489	207,337	203,442
Fixed asset turnover		31.14	25.34	24.54	22.67	22.98	20.69	18.17	16.40	14.88	13.47	12.95	12.74	12.77	13.65	14.28	14.31	14.82	15.67	16.88	16.34

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $9,252,750K ÷ $297,102K
= 31.14

The fixed asset turnover ratio for Super Micro Computer Inc has been showing a consistent improvement over the past eight quarters.

In Q2 2024, the fixed asset turnover ratio was reported at 31.14, which is a significant increase compared to the previous quarters. This indicates that the company generated $31.14 in sales for every $1 of fixed assets, suggesting efficient utilization of its fixed assets to generate revenue.

The trend of increasing fixed asset turnover ratios from Q1 2023 to Q2 2024 reflects the company's effectiveness in managing its fixed assets to drive revenue growth. This may indicate improved operational efficiency, better asset utilization, or increased productivity within the company.

Overall, the consistent improvement in the fixed asset turnover ratio for Super Micro Computer Inc suggests that the company is making sound investments in its fixed assets and effectively utilizing them to generate revenue, which is a positive sign for investors and indicates potential future growth.