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.
Peer comparison
Dec 31, 2023