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