Super Micro Computer Inc (SMCI)

Payables 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
Payables	US$ in thousands	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	392,537	332,173	360,470	331,983
Payables turnover		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	7.02	8.51	8.34	8.66

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $7,736,680K ÷ $1,261,530K
= 6.13

Super Micro Computer Inc's payables turnover has fluctuated over the past 8 quarters, ranging from a low of 5.09 in Q3 2022 to a high of 9.76 in Q2 2023. A higher payables turnover ratio indicates that the company is paying off its suppliers more quickly, which can be a positive sign of efficient working capital management.

In the most recent quarter (Q2 2024), the payables turnover decreased to 6.13 from the previous quarter's 5.63 in Q1 2024. While the decrease in the ratio may suggest that the company is taking longer to pay its suppliers compared to the previous quarter, it is still higher than the ratios observed in the earlier periods.

Overall, the trend in Super Micro Computer Inc's payables turnover ratio fluctuates, indicating variability in the company's ability to manage its accounts payable efficiently. Further analysis of the company's financial position and industry benchmarks may be necessary to gain a more comprehensive understanding of its payables management performance.