Super Micro Computer Inc (SMCI)
Total asset turnover
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,123,480 | 5,196,100 | 3,557,420 | 3,339,280 | 3,500,360 |
| Total assets | US$ in thousands | 3,674,730 | 3,205,080 | 2,241,960 | 1,918,650 | 1,682,590 |
| Total asset turnover | 1.94 | 1.62 | 1.59 | 1.74 | 2.08 |
June 30, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,123,480K ÷ $3,674,730K
= 1.94
The total asset turnover ratio measures a company's efficiency in utilizing its assets to generate sales. Super Micro Computer Inc's total asset turnover has fluctuated over the past five years.
In 2019, the company had a total asset turnover of 2.08, indicating that it generated $2.08 in sales for every $1 of assets. This suggests a high level of efficiency in asset utilization. However, in 2020, the ratio decreased to 1.74, indicating a slight decrease in asset efficiency in generating sales.
In 2021, the ratio remained relatively stable at 1.59, showing a further decline in asset efficiency. However, there was an improvement in 2022, with the total asset turnover increasing to 1.62, suggesting a slight improvement in the company's ability to generate sales from its assets.
The most recent data for 2023 shows a significant improvement in total asset turnover, increasing to 1.94. This indicates that the company has become more efficient in utilizing its assets to generate sales, which reflects positively on its overall operational performance.
Overall, while there have been fluctuations in Super Micro Computer Inc's total asset turnover ratio over the years, the recent increase suggests that the company has potentially enhanced its asset efficiency in generating sales, which could lead to improved financial performance.
Peer comparison
Jun 30, 2023