Super Micro Computer Inc (SMCI)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 7,736,680 | 6,101,850 | 5,840,470 | 5,375,430 | 5,463,210 | 5,006,120 | 4,396,111 | 3,971,465 | 3,599,609 | 3,285,140 | 3,022,884 | 2,872,019 | 2,738,203 | 2,776,531 | 2,813,071 | 2,762,662 | 2,754,786 | 2,825,834 | 3,004,838 | 2,874,873 |
| Inventory | US$ in thousands | 2,467,000 | 2,052,800 | 1,445,560 | 1,540,420 | 1,421,820 | 1,736,060 | 1,545,610 | 1,588,540 | 1,393,670 | 1,184,570 | 1,040,960 | 903,903 | 807,431 | 773,856 | 851,498 | 866,226 | 704,430 | 685,231 | 670,188 | 761,113 |
| Inventory turnover | 3.14 | 2.97 | 4.04 | 3.49 | 3.84 | 2.88 | 2.84 | 2.50 | 2.58 | 2.77 | 2.90 | 3.18 | 3.39 | 3.59 | 3.30 | 3.19 | 3.91 | 4.12 | 4.48 | 3.78 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $7,736,680K ÷ $2,467,000K
= 3.14
Super Micro Computer Inc's inventory turnover has exhibited fluctuations over the past eight quarters. In Q2 2024, the inventory turnover stood at 3.14, indicating that the company generated sales approximately 3.14 times over during that period. This was higher than the previous quarter's value of 2.97, suggesting an improvement in the efficiency of managing inventory.
Looking at the trend over the past year, there was a noticeable peak in Q4 2023 with an inventory turnover of 4.04, demonstrating a significant efficiency in converting inventory into sales. However, this was followed by a slight decrease in Q1 2024 to 2.97.
Comparing to the same quarter in the previous year, there has been a general upward trend in inventory turnover, with Q2 2024 significantly higher than Q2 2023's value of 3.84. This indicates that Super Micro Computer Inc has been more effective in managing its inventory levels and turning them into revenue.
Overall, the company's inventory turnover has shown variability but appears to be on an increasing trend in the recent quarters, implying potential improvements in inventory management efficiency and better utilization of resources.
Peer comparison
Dec 31, 2023
Dec 31, 2023
See also:
Super Micro Computer Inc Inventory Turnover (Quarterly Data)