Super Micro Computer Inc (SMCI)

Total asset turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	US$ in thousands	14,989,300	14,942,900	7,123,480	5,196,100	3,557,420
Total assets	US$ in thousands	9,826,090	9,943,240	3,674,730	3,205,080	2,241,960
Total asset turnover		1.53	1.50	1.94	1.62	1.59

June 30, 2025 calculation

Total asset turnover = Revenue ÷ Total assets
= $14,989,300K ÷ $9,826,090K
= 1.53

The total asset turnover ratio for Super Micro Computer Inc. demonstrates notable variations over the period from June 30, 2021, to June 30, 2025.

As of June 30, 2021, the ratio stood at 1.59, indicating that the company generated approximately $1.59 in sales for every dollar of total assets. This figure experienced a slight increase to 1.62 by June 30, 2022, reflecting a marginal improvement in asset utilization efficiency.

The ratio further rose significantly to 1.94 as of June 30, 2023, which suggests a substantial enhancement in the company’s efficiency in converting assets into sales during this period. This upward trend may be attributable to operational improvements, better asset management, or increased sales productivity relative to asset base.

However, the ratio declined to 1.50 by June 30, 2024, indicating a reduction in asset efficiency, potentially due to increased asset base without a proportional increase in sales or other operational factors affecting asset utilization. It marginally increased again to 1.53 by June 30, 2025, though it remained below the peak observed in 2023.

In summary, the ratio reflects the company’s fluctuating efficiency in utilizing its assets to generate sales, with a peak in 2023 followed by a decline and partial recovery. The trend underscores the importance of monitoring asset management strategies to sustain or improve sales productivity relative to total assets.