Super Micro Computer Inc (SMCI)

Receivables 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
Revenue (ttm)	US$ in thousands	9,252,750	7,391,030	7,123,490	6,574,090	6,646,280	6,015,500	5,196,100	4,629,620	4,170,011	3,827,897	3,557,417	3,384,563	3,261,090	3,301,727	3,339,281	3,297,389	3,268,480	3,329,046	3,500,360	3,324,294
Receivables	US$ in thousands	1,502,970	845,729	1,148,260	672,055	768,167	736,312	842,911	679,785	497,431	458,076	472,512	419,609	338,037	324,047	412,457	353,399	377,929	374,143	407,063	339,261
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

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,252,750K ÷ $1,502,970K
= 6.16

The receivables turnover ratio for Super Micro Computer Inc has fluctuated over the past eight quarters. The ratio indicates how efficiently the company is collecting payments from its customers.

In Q1 2024, the company achieved a relatively high receivables turnover of 8.74, implying that the company collected its outstanding receivables almost 9 times during that quarter. This suggests efficient collection practices and possibly good credit control.

In comparison, Q4 2022 had the lowest receivables turnover of 5.34, indicating a slower rate of collection relative to other quarters. However, this was followed by an improvement in subsequent quarters.

Overall, the receivables turnover ratio has shown variation but generally indicates efficient collection practices. It is important for the company to monitor this ratio consistently to ensure timely collection of accounts receivable and to manage credit risk effectively.