Super Micro Computer Inc (SMCI)

Quick ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cash	US$ in thousands	1,430,000	2,088,720	1,669,770	2,115,480	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
Short-term investments	US$ in thousands	—	—	—	100	100	100	200	200	1,590	1,590	300	1,556	1,556	1,556	1,556	128	128	128	128	128
Receivables	US$ in thousands	3,059,510	2,731,740	2,737,330	1,650,150	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
Total current liabilities	US$ in thousands	1,357,810	2,871,100	2,345,720	1,717,700	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
Quick ratio		3.31	1.68	1.88	2.19	1.12	0.87	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

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,430,000K + $—K + $3,059,510K) ÷ $1,357,810K
= 3.31

The quick ratio of Super Micro Computer Inc has fluctuated over the past few years, reflecting the company's liquidity position. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets.

From March 2020 to June 2021, the quick ratio ranged from 0.62 to 1.06, indicating some variability in the company's ability to cover its current liabilities with its quick assets. The quick ratio dipped to its lowest point in March and June 2022 at 0.62 before showing improvement in December 2022 at 1.17, suggesting a stronger liquidity position.

Subsequently, there was a decline in the quick ratio in March 2023 to 0.95, followed by an increase to 1.16 in June 2023, indicating fluctuations in the company's ability to cover short-term obligations. The quick ratio then decreased to 0.87 in September 2023 before rising again to 1.12 in December 2023, showing some volatility in liquidity.

The most significant improvement in liquidity was observed in March 2024, with the quick ratio reaching 2.19, reflecting a substantial increase in the company's ability to cover short-term liabilities with its quick assets. This improvement continued with quick ratios of 1.88 in June 2024, 1.68 in September 2024, and a significant spike to 3.31 in December 2024, indicating a very strong liquidity position.

Overall, the trend in Super Micro Computer Inc's quick ratio demonstrates varying levels of liquidity over the analyzed period, with fluctuations that could be attributed to changes in the company's management of its current assets and liabilities.