Super Micro Computer Inc (SMCI)

Current ratio

		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
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
Current ratio		2.43	2.23	2.31	2.49	2.89	2.13	1.91	1.79	1.91	1.85	1.93	2.10	2.29	2.51	2.25	2.10	2.26	2.41	2.35	2.40

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $4,842,360K ÷ $1,992,090K
= 2.43

The current ratio of Super Micro Computer Inc has exhibited fluctuations over the past eight quarters, ranging from a low of 1.79 to a high of 2.89. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position and ability to cover short-term liabilities.

The current ratio was relatively stable around 2.30 in the fourth quarter of 2022 and the first quarter of 2024. However, there was a notable increase to 2.89 in the second quarter of 2023, suggesting improved liquidity. Conversely, the current ratio dropped to 1.79 in the third quarter of 2022, indicating potential liquidity challenges.

Overall, the current ratio of Super Micro Computer Inc has shown some variability, which may indicate fluctuations in the company's liquidity position. Further analysis and consideration of other financial metrics would be necessary to gain a more comprehensive understanding of the company's overall financial health.