Super Micro Computer Inc (SMCI)
Payables turnover
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,840,470 | 4,396,100 | 3,022,880 | 2,813,070 | 3,004,840 |
| Payables | US$ in thousands | 776,831 | 655,403 | 612,336 | 417,673 | 360,470 |
| Payables turnover | 7.52 | 6.71 | 4.94 | 6.74 | 8.34 |
June 30, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $5,840,470K ÷ $776,831K
= 7.52
The payables turnover of Super Micro Computer Inc has shown fluctuations over the past five years. In June 2023, the payables turnover ratio increased to 7.52, from 6.71 in the previous year, indicating that the company was able to efficiently manage its accounts payables during the period. This improvement suggests that Super Micro Computer Inc was able to pay off its suppliers more frequently compared to the previous year. However, it's important to note that this ratio should be analyzed in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial health.
Peer comparison
Jun 30, 2023