Super Micro Computer Inc (SMCI)

Inventory turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Cost of revenue	US$ in thousands	12,927,800	5,840,470	4,396,100	3,022,880	2,813,070
Inventory	US$ in thousands	4,333,030	1,445,560	1,545,610	1,040,960	851,498
Inventory turnover		2.98	4.04	2.84	2.90	3.30

June 30, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $12,927,800K ÷ $4,333,030K
= 2.98

Based on the provided data, the inventory turnover for Super Micro Computer Inc has fluctuated over the past five years. In June 2020, the inventory turnover was 3.30, indicating that the company sold and replaced its inventory approximately 3.30 times during that year.

Subsequently, there was a decrease in inventory turnover to 2.90 in June 2021 and a further decline to 2.84 in June 2022. This suggests that the company took longer to sell and replenish its inventory during these years.

However, there was a significant improvement in inventory turnover in June 2023, where it increased to 4.04. This sharp increase indicates that the company efficiently managed its inventory, selling and replacing it more frequently during that period.

In June 2024, the inventory turnover slightly decreased to 2.98, still higher than the levels seen in 2021 and 2022 but not as high as in 2023. Overall, the company's inventory turnover has shown varying patterns over the years, reflecting changes in sales and inventory management practices.