Super Micro Computer Inc (SMCI)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 869,811 | 713,529 | 761,142 | 699,600 | 690,295 | 526,162 | 335,167 | 209,035 | 136,313 | 122,629 | 123,947 | 94,294 | 92,785 | 83,235 | 85,654 | 106,366 | 103,679 | 101,605 | 97,233 | 305,254 |
| Total assets | US$ in thousands | 5,405,000 | 4,095,960 | 3,674,730 | 3,192,600 | 3,074,940 | 3,301,280 | 3,205,080 | 3,071,180 | 2,676,600 | 2,426,690 | 2,241,960 | 1,998,840 | 1,894,070 | 1,816,690 | 1,918,650 | 1,960,240 | 1,807,040 | 1,701,270 | 1,682,590 | 1,607,250 |
| Operating ROA | 16.09% | 17.42% | 20.71% | 21.91% | 22.45% | 15.94% | 10.46% | 6.81% | 5.09% | 5.05% | 5.53% | 4.72% | 4.90% | 4.58% | 4.46% | 5.43% | 5.74% | 5.97% | 5.78% | 18.99% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $869,811K ÷ $5,405,000K
= 16.09%
Super Micro Computer Inc's operating return on assets (operating ROA) has shown a fluctuating trend over the past eight quarters. In Q2 2024, the operating ROA stood at 16.09%, slightly lower than the previous quarter's 17.42%. Despite this slight decline in Q2 2024, the company has generally maintained a healthy operating ROA above 15% in recent quarters.
The highest operating ROA in the provided data was recorded in Q3 2023 at 21.91%, followed closely by Q2 2023 and Q4 2023 with 22.45% and 20.71% respectively. These quarters demonstrate the company's ability to generate strong operating income relative to its assets.
Conversely, the lowest operating ROA in the dataset was observed in Q3 2022 at 6.81%, indicating a significant decrease in operational efficiency during that period. However, Super Micro Computer Inc's operating ROA has displayed an upward trend since then, reaching double-digit percentages in the subsequent quarters.
Overall, Super Micro Computer Inc's operating return on assets reflects its efficiency in utilizing assets to generate operating income. The company has demonstrated a consistent ability to generate favorable returns relative to its asset base, with some fluctuations observed over the quarters analyzed. It will be essential for Super Micro Computer Inc to continue monitoring and potentially improving its operating ROA to maintain operational efficiency and sustained profitability.
Peer comparison
Dec 31, 2023