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.