Super Micro Computer Inc (SMCI)

Number of days of payables

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		29.76	33.19	9.70	8.37	9.09	6.13	5.63	7.52	8.38	9.76	6.38	6.71	5.09	5.18	5.82	4.94	6.18	6.91	8.33	6.74
Number of days of payables	days	12.26	11.00	37.63	43.62	40.15	59.52	64.85	48.55	43.58	37.41	57.24	54.42	71.65	70.49	62.73	73.94	59.10	52.82	43.82	54.19

March 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 29.76
= 12.26

The analysis of Super Micro Computer Inc.'s number of days of payables over the specified periods reveals notable variations, reflecting shifts in the company's payment practices and its relationship with suppliers.

From June 30, 2020, to September 30, 2020, there was a decrease in days payable from approximately 54.19 to 43.82 days, indicating an improvement in paying suppliers more promptly. However, this trend reversed slightly by December 31, 2020, when the days of payables increased to around 52.82 days. During the subsequent quarters, there was significant fluctuation, with a notable peak on June 30, 2021, reaching approximately 73.94 days, suggesting a period of extended creditor credit or delayed payments.

Following this peak, the days of payables decreased to around 62.73 days by September 30, 2021, and then increased again to approximately 70.49 days at year-end 2021, demonstrating variability in payment timing. Throughout 2022, a decline was observed, with the days of payables dropping to a low of approximately 37.41 days at the end of the year, signaling a tendency toward faster payments.

In early 2023, the days of payables experienced a modest increase to about 43.58 days, before rising further to 48.55 days in June 2023. The third quarter of 2023 saw an upward trend again, reaching approximately 64.85 days, indicating longer payment periods. The end of 2023 reflected a slight decrease to 59.52 days.

The most recent data points highlight a significant reduction, with the days of payables dropping sharply to 11.00 days on December 31, 2024, and then slightly rising to around 12.26 days by March 31, 2025. These figures suggest a move towards much faster payments to suppliers in the latest period, potentially reflecting improved liquidity or strategic changes in cash management.

Overall, the company's days of payables have exhibited considerable fluctuation over the analyzed period, with periods of both extension and reduction. The recent trend toward shorter payables may imply enhanced liquidity management, a proactive approach to supplier relationships, or strategic shifts aimed at optimizing working capital.