Super Micro Computer Inc (SMCI)

Operating return on assets (Operating ROA)

Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021
Operating income US$ in thousands 1,210,770 1,265,690 761,142 335,167 92,928
Total assets US$ in thousands 9,826,090 9,943,240 3,674,730 3,205,080 2,241,960
Operating ROA 12.32% 12.73% 20.71% 10.46% 4.14%

June 30, 2025 calculation

Operating ROA = Operating income ÷ Total assets
= $1,210,770K ÷ $9,826,090K
= 12.32%

The analysis of Super Micro Computer Inc’s Operating Return on Assets (Operating ROA) over the period from June 30, 2021, to June 30, 2025, reveals notable fluctuations that reflect the company's changing efficiency in generating operating income from its asset base.

Initially, as of June 30, 2021, the Operating ROA stood at 4.14%, indicating a relatively modest level of operating profitability relative to its total assets. This metric substantially increased by June 30, 2022, reaching 10.46%, more than doubling the previous year's figure. This upward trend continued markedly into June 30, 2023, when the Operating ROA nearly doubled again to 20.71%, suggesting significant improvements in operational efficiency or profitability, possibly driven by enhanced sales, cost management, or other operational factors.

Following this peak in mid-2023, the Operating ROA experienced a decline by June 30, 2024, falling to 12.73%. Despite the reduction, the figure remains substantially higher than the earlier years, indicating a tempered but still favorable level of operating efficiency. The decline may be attributable to industry-specific challenges, market conditions, or internal factors affecting operating performance.

As of June 30, 2025, the Operating ROA maintained a relatively stable level at 12.32%, closely aligned with the 2024 figure, suggesting a period of stabilization in the company's operational efficiency.

Overall, the data demonstrates a substantial improvement in Super Micro Computer Inc’s Operating ROA from 2021 through 2023, followed by a normalization phase in the subsequent two years. The substantial rise in 2023 could reflect successful strategic initiatives, product launches, or operational efficiencies, while the subsequent decline indicates a potential adjustment period or impact from external factors. The company's ability to sustain a mid-double-digit Operating ROA indicates a solid underlying operational performance, though the fluctuations imply areas for ongoing monitoring and potential strategic optimization.


Peer comparison

Jun 30, 2025

Company name
Symbol
Operating ROA
Super Micro Computer Inc
SMCI
12.32%
Apple Inc
AAPL
33.76%
Dell Technologies Inc
DELL
7.82%
Omnicell Inc
OMCL
0.02%