Super Micro Computer Inc (SMCI)
Working capital 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 current assets | US$ in thousands | 4,842,360 | 3,570,830 | 3,179,430 | 2,715,180 | 2,649,500 | 2,879,880 | 2,806,320 | 2,678,720 | 2,293,290 | 2,036,960 | 1,867,260 | 1,639,650 | 1,544,270 | 1,479,520 | 1,592,760 | 1,648,360 | 1,520,700 | 1,420,330 | 1,421,770 | 1,356,070 |
| Total current liabilities | US$ in thousands | 1,992,090 | 1,604,820 | 1,374,650 | 1,092,380 | 916,940 | 1,353,360 | 1,470,020 | 1,496,160 | 1,199,580 | 1,101,480 | 968,896 | 781,996 | 672,971 | 589,688 | 707,635 | 784,823 | 671,740 | 588,412 | 605,969 | 564,069 |
| Working capital turnover | 3.25 | 3.76 | 3.95 | 4.05 | 3.84 | 3.94 | 3.89 | 3.91 | 3.81 | 4.09 | 3.96 | 3.95 | 3.74 | 3.71 | 3.77 | 3.82 | 3.85 | 4.00 | 4.29 | 4.20 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $9,252,750K ÷ ($4,842,360K – $1,992,090K)
= 3.25
The working capital turnover ratio for Super Micro Computer Inc has shown a fluctuating trend over the past eight quarters. The ratio measures how efficiently the company is utilizing its working capital to generate revenue.
In Q3 and Q4 of 2023 and Q1 of 2024, the working capital turnover ratio peaked at 4.05, 3.95, and 3.76 respectively, indicating a high level of efficiency in utilizing its working capital to generate sales. However, in Q2 of 2024, the ratio decreased to 3.25, which may suggest a decrease in the efficiency of working capital management during that period.
Overall, the company has maintained a working capital turnover ratio typically above 3.5, reflecting a consistent ability to efficiently utilize its working capital to generate revenue. The fluctuations observed in the ratio over the quarters may signify varying levels of operational efficiency and effectiveness in managing the company's working capital during the respective periods.
Peer comparison
Dec 31, 2023
See also:
Super Micro Computer Inc Working Capital Turnover (Quarterly Data)