Super Micro Computer Inc (SMCI)

Total asset turnover

		Mar 31, 2025	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
Revenue (ttm)	US$ in thousands	21,569,720	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
Total assets	US$ in thousands	10,738,500	9,728,350	10,851,400	9,943,240	8,862,780	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
Total asset turnover		2.01	2.14	1.73	1.51	1.33	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

March 31, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $21,569,720K ÷ $10,738,500K
= 2.01

The total asset turnover ratio for Super Micro Computer Inc. exhibits notable fluctuations over the analyzed period from June 30, 2020, to March 31, 2025. This ratio, which measures the efficiency with which the company's assets generate sales, started at 1.74 in June 2020 and experienced an initial upward trend, peaking at 1.82 in September 2020. Subsequently, the ratio declined progressively, reaching a low of 1.33 by March 2024. During this period, the ratio showed a general downward trend with intermittent minor recoveries, indicating a reduction in the efficiency of asset utilization in generating sales.

From March 2024 onward, the ratio demonstrates signs of recovery, rising from 1.33 to a peak of 2.14 in December 2024. This trend suggests a period of improved asset utilization during the latter part of 2024. In early 2025, the ratio slightly receded to 2.01 by March 2025, maintaining a relatively high level compared to the earlier years.

Overall, the company's total asset turnover ratio has experienced substantial variability, with periods of declining efficiency followed by phases of recovery. These fluctuations could reflect changes in operational performance, shifts in sales strategies, or adjustments in asset management practices. The recent upward movement towards the end of 2024 indicates an improvement in asset efficiency, although the ratio remains below the peak levels observed in late 2020.