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 | 1,252,990 | 1,265,690 | 761,142 | 335,167 | 92,928 |
| Total assets | US$ in thousands | 14,018,400 | 9,943,240 | 3,674,730 | 3,205,080 | 2,241,960 |
| Operating ROA | 8.94% | 12.73% | 20.71% | 10.46% | 4.14% |
June 30, 2025 calculation
Operating ROA = Operating income ÷ Total assets
= $1,252,990K ÷ $14,018,400K
= 8.94%
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