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.
Peer comparison
Dec 31, 2023
See also:
Super Micro Computer Inc Receivables Turnover (Quarterly Data)