Super Micro Computer Inc (SMCI)
Operating return on assets (Operating ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,210,770 | 761,142 | 335,167 | 123,947 | 85,654 |
| Total assets | US$ in thousands | 9,826,090 | 3,674,730 | 3,205,080 | 2,241,960 | 1,918,650 |
| Operating ROA | 12.32% | 20.71% | 10.46% | 5.53% | 4.46% |
June 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,210,770K ÷ $9,826,090K
= 12.32%
The operating return on assets (operating ROA) of Super Micro Computer Inc has shown a positive trend over the past five years. Starting at 4.46% on June 30, 2020, the operating ROA gradually increased to 5.53% as of June 30, 2021. The growth accelerated significantly in the following years, reaching 10.46% on June 30, 2022, and further escalating to 20.71% on June 30, 2023, reflecting a substantial improvement in the company's operational efficiency and profitability.
However, there was a slight decline in the operating ROA to 12.32% on June 30, 2024. Nonetheless, despite this decrease, the operating ROA remains relatively high, indicating that Super Micro Computer Inc is effectively generating operating income from its assets.
Overall, the upward trajectory in operating ROA over the past five years signifies that Super Micro Computer Inc has been efficiently utilizing its assets to generate operating profits, which is a positive signal for the company's financial health and performance.
Peer comparison
Jun 30, 2024