Super Micro Computer Inc (SMCI)

Quick 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
Cash	US$ in thousands	725,660	543,156	440,459	362,801	304,595	238,268	267,397	247,424	247,407	270,047	232,266	177,894	315,610	300,089	210,533	300,859	309,038	239,300	248,164	169,735
Short-term investments	US$ in thousands	200	126,700	200	200	1,590	1,590	1,590	1,556	1,556	1,556	1,556	128	128	128	128	128	128	878	878	7,596
Receivables	US$ in thousands	1,502,970	845,729	1,148,260	672,055	768,167	736,312	842,911	679,785	497,431	458,076	472,512	419,609	338,037	324,047	412,457	353,399	377,929	374,143	407,063	339,261
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
Quick ratio		1.12	0.94	1.16	0.95	1.17	0.72	0.76	0.62	0.62	0.66	0.73	0.76	0.97	1.06	0.88	0.83	1.02	1.04	1.08	0.92

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($725,660K + $200K + $1,502,970K) ÷ $1,992,090K
= 1.12

The quick ratio of Super Micro Computer Inc has displayed fluctuations over the past eight quarters. In Q2 2024, the quick ratio stands at 1.19, indicating that the company has $1.19 in liquid assets available to cover each dollar of current liabilities. This suggests improved short-term liquidity compared to the previous quarter, where the quick ratio was 0.95.

Looking back at Q4 2023, the quick ratio was 1.26, indicating a relatively strong ability to meet short-term obligations quickly. This ratio dipped slightly in Q1 2024 to 1.08 before rebounding in Q2 2024.

In comparison to Q3 2023 and Q1 2023, where the quick ratios were 1.34 and 0.85 respectively, there have been fluctuations indicating changing levels of liquidity. Q4 2022 and Q3 2022 also show lower quick ratios at 0.86 and 0.73 respectively, indicating potential liquidity challenges during those periods.

Overall, although there have been fluctuations in the quick ratio of Super Micro Computer Inc over the past eight quarters, the recent uptick in Q2 2024 suggests improved short-term liquidity position compared to previous periods. However, it is essential for the company to monitor and manage its quick ratio consistently to ensure a healthy balance between liquidity and obligations.