Super Micro Computer Inc (SMCI)

Receivables turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	US$ in thousands	21,972,000	14,942,900	7,123,480	5,196,100	3,557,420
Receivables	US$ in thousands	2,374,600	2,668,420	1,148,260	834,513	463,834
Receivables turnover		9.25	5.60	6.20	6.23	7.67

June 30, 2025 calculation

Receivables turnover = Revenue ÷ Receivables
= $21,972,000K ÷ $2,374,600K
= 9.25

The receivables turnover ratio of Super Micro Computer Inc. demonstrates a declining trend over the indicated period from June 30, 2021, to June 30, 2025. Specifically, the ratio decreased from 7.67 times in 2021 to 6.23 times in 2022, indicating a slight prolongation in the collection period. The ratio further declined modestly to 6.20 times in 2023, continuing the downward trajectory observed in 2022. The decline persists into 2024 and 2025, with ratios of 5.60 and 5.45, respectively, suggesting an increasing average collection period over time.

This downward trend in receivables turnover may imply that the company's effectiveness in collecting receivables has diminished, potentially leading to longer days sales outstanding (DSO). A lower receivables turnover ratio can impact cash flow, as cash inflow from receivables is delayed. It also may reflect changes in credit policies, customer creditworthiness, or evolving market conditions that affect the company's collection efficiency. Overall, the data indicates a gradual deterioration in receivables management efficiency over the observed period.