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.
Peer comparison
Dec 31, 2023