Super Micro Computer Inc (SMCI)
Total asset 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 |
| Total assets | US$ in thousands | 5,405,000 | 4,095,960 | 3,674,730 | 3,192,600 | 3,074,940 | 3,301,280 | 3,205,080 | 3,071,180 | 2,676,600 | 2,426,690 | 2,241,960 | 1,998,840 | 1,894,070 | 1,816,690 | 1,918,650 | 1,960,240 | 1,807,040 | 1,701,270 | 1,682,590 | 1,607,250 |
| Total asset turnover | 1.71 | 1.80 | 1.94 | 2.06 | 2.16 | 1.82 | 1.62 | 1.51 | 1.56 | 1.58 | 1.59 | 1.69 | 1.72 | 1.82 | 1.74 | 1.68 | 1.81 | 1.96 | 2.08 | 2.07 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,252,750K ÷ $5,405,000K
= 1.71
The total asset turnover for Super Micro Computer Inc has fluctuated over the past eight quarters, ranging from a low of 1.51 in Q3 2022 to a high of 2.16 in Q2 2023. Generally, a higher total asset turnover ratio indicates that the company is generating more revenue for each dollar of assets it owns.
The trend shows that the total asset turnover ratio has been decreasing over the last two quarters, from 1.94 in Q4 2023 to 1.71 in Q2 2024. This decline could suggest that the company is becoming less efficient in utilizing its assets to generate sales.
It is important for Super Micro Computer Inc to closely monitor this ratio and take corrective actions if needed to improve asset utilization efficiency in order to increase revenue generation per dollar of assets invested. Overall, the company's total asset turnover ratio is showing signs of volatility and trends should be carefully monitored for further analysis and decision-making.
Peer comparison
Dec 31, 2023
See also:
Super Micro Computer Inc Total Asset Turnover (Quarterly Data)