Super Micro Computer Inc (SMCI)

Payables turnover

		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	Mar 31, 2020
Cost of revenue (ttm)	US$ in thousands	18,230,880	16,323,540	12,927,840	9,932,440	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
Payables	US$ in thousands	549,323	1,682,970	1,472,380	1,092,440	1,261,530	1,084,060	776,831	641,839	559,962	785,025	655,403	779,561	695,180	564,628	612,336	465,012	396,288	333,359	417,673	462,808
Payables turnover		33.19	9.70	8.78	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	5.97

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $18,230,880K ÷ $549,323K
= 33.19

The payables turnover ratio for Super Micro Computer Inc has shown fluctuations over the past few years, ranging from a low of 4.94 in June 2021 to a high of 33.19 in December 2024. This ratio measures how efficiently the company is managing its accounts payable by evaluating how many times a company pays off its suppliers during a specific period.

A higher payables turnover ratio indicates that the company is paying off its suppliers more frequently, which may suggest strong liquidity and good working capital management. On the other hand, a lower ratio could imply that the company is taking longer to pay its suppliers, potentially indicating liquidity issues or strained vendor relationships.

Super Micro Computer Inc's payables turnover ratio has generally been within a moderate range, with some periods showing significant increases or decreases. It is important for investors and analysts to closely monitor this ratio over time to assess the company's payment practices and financial health.