Super Micro Computer Inc (SMCI)

Total asset turnover

		Jun 30, 2025	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
Revenue (ttm)	US$ in thousands	21,972,040	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
Total assets	US$ in thousands	14,018,400	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
Total asset turnover		1.57	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

June 30, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $21,972,040K ÷ $14,018,400K
= 1.57

The total asset turnover ratio of Super Micro Computer Inc. exhibits considerable fluctuations over the provided period, reflecting changes in operational efficiency and asset utilization.

From September 30, 2020, through December 31, 2021, the ratio shows a gradual decline, decreasing from 1.82 to 1.56. This trend suggests a diminishing ability to generate sales from the existing asset base during this period, potentially indicative of increased assets without proportionate revenue growth or other operational challenges.

Starting in March 2022, the ratio slightly declined to 1.51 but rebounded to 1.62 by June 2022. A more notable upward movement occurs in September 2022, when the ratio reaches 1.82, aligning with the initial levels observed in late 2020. The peak value appears on December 31, 2022, at 2.16, indicating temporarily enhanced asset efficiency and higher sales relative to asset levels.

After this peak, the ratio exhibits a downward trend, falling to 2.06 in March 2023 and further to 1.94 in June 2023. Subsequently, it declines to 1.80 by September 2023 and continues to decrease, reaching 1.71 on December 31, 2023. The decline persists into the first half of 2024, with values of 1.33 in March, slightly recovering to 1.51 in June, and rising again to 1.73 in September. The ratio reaches a high of 2.14 at the end of 2024 before declining to 2.01 in March 2025 and to 1.57 in June 2025.

Overall, the total asset turnover ratio for Super Micro Computer Inc. demonstrates periods of both decline and recovery over the analyzed timeframe. Peaks in late 2022 suggest periods of increased efficiency, while the declines in subsequent periods may reflect challenges in maintaining asset utilization or changes in sales volume relative to asset base expansion. The variability indicates that the company's asset utilization efficiency is subject to fluctuation, influenced by operational performance, investment strategies, and external market factors.