Super Micro Computer Inc (SMCI)

Receivables turnover

		Jun 30, 2025	Mar 31, 2025	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
Revenue (ttm)	US$ in thousands	21,972,040	21,569,720	20,819,880	18,806,840	14,989,250	11,819,520	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
Receivables	US$ in thousands	2,374,600	2,657,280	3,059,510	2,731,740	2,668,420	1,650,150	1,502,970	845,729	1,148,260	672,055	768,167	736,312	834,513	679,785	497,431	458,076	463,834	407,365	323,021	322,845
Receivables turnover		9.25	8.12	6.80	6.88	5.62	7.16	6.16	8.74	6.20	9.78	8.65	8.17	6.23	6.81	8.38	8.36	7.67	8.31	10.10	10.23

June 30, 2025 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $21,972,040K ÷ $2,374,600K
= 9.25

The receivables turnover ratio for Super Micro Computer Inc. exhibits notable fluctuations over the analyzed period. At the start of the period, on September 30, 2020, the ratio was 10.23, indicating a relatively high frequency of receivables collection. This ratio slightly declined to 10.10 by December 31, 2020, suggesting stable collections.

A more significant decrease is observed by March 31, 2021, with the ratio falling to 8.31, and further declining to a low of 6.23 by June 30, 2022. This downward trend could imply a slowdown in receivables collection efficiency or an extension of credit terms during this period. Notably, there was a rebound to 8.17 at September 30, 2022, and a subsequent increase to 8.65 by December 31, 2022, indicating some improvement in receivables collection.

The ratio continued to trend upward, reaching 9.78 on March 31, 2023, before experiencing a decline to 6.20 at June 30, 2023. However, the ratio increased again to 8.74 by September 30, 2023, and then decreased to 6.16 by December 31, 2023. Moving forward, the ratio demonstrated some recovery, reaching 7.16 on March 31, 2024, and then declining to 5.62 on June 30, 2024.

From there, an upward movement ensued with the ratio at 6.88 on September 30, 2024, and 6.80 on December 31, 2024. The ratio further increased to 8.12 on March 31, 2025, and peaked at 9.25 by June 30, 2025. Overall, the receivables turnover has shown periods of decline followed by partial recoveries, reflecting fluctuations in receivables collection efficiency over time. These variations may be attributable to changes in credit policies, sales strategies, or macroeconomic factors influencing customer payment behaviors.