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.
Peer comparison
Dec 31, 2023