Super Micro Computer Inc (SMCI)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	5.07	3.31	2.98	2.41	3.14	2.97	4.04	3.49	3.84	2.88	2.84	2.50	2.58	2.77	2.90	3.18	3.39	3.59	3.30	3.19
Receivables turnover	6.80	6.88	5.48	7.16	6.16	8.74	6.20	9.78	8.65	8.17	6.16	6.81	8.38	8.36	7.53	8.07	9.65	10.19	8.10	9.33
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
Working capital turnover	2.85	2.69	2.28	1.86	3.25	3.76	3.95	4.05	3.84	3.94	3.89	3.91	3.81	4.09	3.96	3.95	3.74	3.71	3.77	3.82

Super Micro Computer Inc's inventory turnover has shown some fluctuations over the past few years but has generally been around 3, which indicates that the company is able to manage its inventory efficiently and turn it into sales multiple times during the year.

The receivables turnover ratio has also shown variability, ranging from 5.48 to 10.19. A decreasing trend in this ratio may indicate that the company is taking longer to collect payments from its customers, potentially impacting its cash flow.

The payables turnover ratio has fluctuated significantly, with a sharp increase in December 2024 to 33.19, which may suggest that the company is taking longer to pay its suppliers compared to previous periods.

The working capital turnover ratio has been relatively stable around 3.5, indicating that the company is generating sales relative to its working capital. However, a decreasing trend in this ratio may raise concerns about the company's ability to efficiently utilize its working capital to generate revenue.

Overall, while some of the activity ratios for Super Micro Computer Inc have shown fluctuations, it is essential for the company to closely monitor and manage these ratios to ensure efficient operations and financial performance.

Average number of days

		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
Days of inventory on hand (DOH)	days	72.00	110.25	122.34	151.57	116.39	122.79	90.34	104.60	94.99	126.58	128.33	146.00	141.32	131.61	125.69	114.88	107.63	101.73	110.48	114.44
Days of sales outstanding (DSO)	days	53.64	53.02	66.66	50.96	59.29	41.77	58.84	37.31	42.19	44.68	59.21	53.59	43.54	43.68	48.48	45.25	37.84	35.82	45.08	39.12
Number of days of payables	days	11.00	37.63	41.57	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	61.15

Super Micro Computer Inc's Days of Inventory on Hand (DOH) increased steadily from March 2020 to March 2024, indicating that the company held inventory for longer periods before selling it. This may suggest potential inefficiencies in inventory management or slowing sales.

The Days of Sales Outstanding (DSO) fluctuated over the same period, with periods of increase and decrease. This could indicate changing trends in sales collection efficiency and the company's ability to convert sales into cash. However, generally, the DSO trended upwards, which may signify potential issues with accounts receivable management.

The Number of Days of Payables shows variability, with significant fluctuations in the time taken by the company to pay its suppliers. A decreasing trend from March 2020 to December 2024 suggests that the company was paying its suppliers more quickly over time, which could be seen as a positive as it reduces the risk of strained supplier relationships.

Overall, Super Micro Computer Inc's activity ratios reveal potential areas for improvement in inventory management, collection of accounts receivable, and management of payables to optimize working capital efficiency and enhance overall operational performance.

Long-term

	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
Fixed asset turnover	43.60	41.69	36.21	30.65	31.14	25.34	24.54	22.67	22.98	20.69	18.17	16.40	14.88	13.47	12.95	12.74	12.77	13.65	14.28	14.31
Total asset turnover	2.14	1.73	1.53	1.33	1.71	1.80	1.94	2.06	2.16	1.82	1.62	1.51	1.56	1.58	1.59	1.69	1.72	1.82	1.74	1.68

The fixed asset turnover ratio for Super Micro Computer Inc has shown a consistent upward trend from March 31, 2020, to December 31, 2024, increasing from 14.31 to 43.60. This indicates that the company has been able to generate more revenue from its fixed assets over time, suggesting improved efficiency in utilizing its property, plant, and equipment to generate sales.

In contrast, the total asset turnover ratio fluctuated over the period, with a peak at 2.16 on December 31, 2022. Despite some fluctuations, the total asset turnover ratio generally increased over time, reaching 2.14 on December 31, 2024, which indicates that the company has been effective in generating sales relative to its total assets.

Overall, the trend in both fixed asset turnover and total asset turnover ratios suggest that Super Micro Computer Inc has been successful in utilizing its assets efficiently to generate sales and improve overall operational performance. The increase in these ratios indicates an improvement in asset utilization and revenue generation over the period under review.