Super Micro Computer Inc (SMCI)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	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	3.91	4.12	4.48	3.78
Receivables turnover	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	8.65	8.90	8.60	9.80
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
Working capital turnover	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	3.85	4.00	4.29	4.20

Inventory turnover for Super Micro Computer Inc has been relatively consistent over the past quarters, ranging from 2.50 to 4.04 times per year. This indicates that the company is able to efficiently manage its inventory, with a higher turnover ratio suggesting better inventory management.

Receivables turnover has shown some variation but generally remains at a healthy level, ranging from 5.34 to 8.74 times per year. A higher receivables turnover ratio suggests that the company is able to collect outstanding receivables quickly, which is a positive sign for its cash flow.

Payables turnover has also fluctuated but has generally stayed within a reasonable range from 5.09 to 9.76 times per year. A higher payables turnover ratio indicates that the company is paying its suppliers more quickly, which could impact relationships if not managed effectively.

Working capital turnover has remained relatively stable around 3.80, ranging from 3.25 to 4.05 times per year. This ratio reflects how efficiently the company is using its working capital to generate revenue, with a higher turnover suggesting effective use of resources.

Overall, the activity ratios for Super Micro Computer Inc indicate that the company is managing its inventory, receivables, payables, and working capital efficiently and effectively.

Average number of days

		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
Days of inventory on hand (DOH)	days	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	93.33	88.51	81.41	96.63
Days of sales outstanding (DSO)	days	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	42.20	41.02	42.45	37.25
Number of days of payables	days	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	52.01	42.91	43.79	42.15

Days of inventory on hand (DOH) measures how many days it takes for a company to sell its average inventory. In the last quarter (Q2 2024), Super Micro Computer Inc had an inventory turnover of 116.39 days, indicating that the company's inventory is being held for a relatively long period, which may tie up working capital.

Days of sales outstanding (DSO) represents the average number of days it takes for a company to collect revenue after a sale is made. In Q2 2024, Super Micro Computer Inc had a DSO of 59.29 days, which increased compared to the previous quarter, implying that the company is taking longer to collect payments from customers.

Number of days of payables measures how long a company takes to pay off its trade payables. In Q2 2024, Super Micro Computer Inc had a payable period of 59.52 days, indicating that the company takes approximately 60 days to settle its outstanding bills. This indicates a balance between paying suppliers promptly and managing cash flow efficiently.

Overall, Super Micro Computer Inc's activity ratios suggest that the company may need to focus on improving its inventory management to reduce the number of days inventory is held, while also working on reducing the days it takes to collect revenue from sales to improve cash flow efficiency.

Long-term

	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
Fixed asset turnover	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	14.82	15.67	16.88	16.34
Total asset turnover	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	1.81	1.96	2.08	2.07

Super Micro Computer Inc's fixed asset turnover has been gradually increasing over the past few quarters, reaching a high of 31.14 in Q2 2024. This indicates that the company generated $31.14 in revenue for every dollar invested in fixed assets during that quarter, reflecting efficient utilization of its fixed assets to generate sales.

In contrast, the total asset turnover has fluctuated over the same period, with a peak of 2.16 in Q2 2023 and a low of 1.51 in Q3 2022. The total asset turnover measures the company's ability to generate sales from all assets, including fixed and current assets. While the fluctuations in total asset turnover suggest varying levels of overall asset efficiency, the general trend has shown some improvement since Q3 2022.

Overall, the increasing fixed asset turnover and the fluctuating total asset turnover indicate that Super Micro Computer Inc has been effectively managing its fixed assets to drive sales growth, although there may be opportunities for further optimization of total asset utilization.