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.


Peer comparison

Dec 31, 2023

Company name
Symbol
Fixed asset turnover
Super Micro Computer Inc
SMCI
31.14
Apple Inc
AAPL
8.79
Omnicell Inc
OMCL
10.96

See also:

Super Micro Computer Inc Net Fixed Asset Turnover (Quarterly Data)