Super Micro Computer Inc (SMCI)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	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	3,339,281	3,297,389
Receivables	US$ in thousands	3,059,510	2,731,740	2,737,330	1,650,150	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
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

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $20,819,880K ÷ $3,059,510K
= 6.80

The receivables turnover of Super Micro Computer Inc has varied over the reported periods, ranging from a low of 5.48 to a high of 10.19. The receivables turnover measures how efficiently the company is collecting outstanding receivables from its customers. A higher turnover ratio indicates that the company is collecting its receivables more quickly.

Looking at the trend, we can observe fluctuations in the receivables turnover ratio, with some quarters showing higher turnover rates while others show lower rates. For example, the receivables turnover peaked at 10.19 in September 2020, indicating efficient collection of receivables during that period. On the other hand, the ratio dropped to 5.48 in June 2024, suggesting a slower collection process.

Overall, analyzing the receivables turnover ratio can provide insights into the company's liquidity, efficiency in managing its accounts receivable, and potential credit risks associated with its customers. It is important for the company to monitor this ratio regularly to ensure timely collection of outstanding receivables and maintain a healthy cash flow position.