Super Micro Computer Inc (SMCI)
Operating return on assets (Operating ROA)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,252,994 | 1,313,089 | 1,544,623 | 1,547,463 | 1,210,774 | 1,149,043 | 844,352 | 688,070 | 735,683 | 674,141 | 690,295 | 526,162 | 335,167 | 209,035 | 136,313 | 122,629 | 123,947 | 94,294 | 92,785 | 83,235 |
| Total assets | US$ in thousands | 14,018,400 | 10,738,500 | 9,728,350 | 10,851,400 | 9,943,240 | 8,862,780 | 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 |
| Operating ROA | 8.94% | 12.23% | 15.88% | 14.26% | 12.18% | 12.96% | 15.62% | 16.80% | 20.02% | 21.12% | 22.45% | 15.94% | 10.46% | 6.81% | 5.09% | 5.05% | 5.53% | 4.72% | 4.90% | 4.58% |
June 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,252,994K ÷ $14,018,400K
= 8.94%
The operating return on assets (ROA) for Super Micro Computer Inc. has exhibited significant fluctuation over the analyzed period, reflecting varying operational efficiencies and underlying business dynamics. Starting from approximately 4.58% as of September 30, 2020, the metric demonstrated a gradual upward trend, reaching a peak of around 22.45% at the end of 2022. This substantial increase indicates a period of enhanced operational profitability relative to total assets, possibly driven by improved product demand, efficient cost management, or favorable market conditions.
The upward trajectory accelerated notably in 2022, with operating ROA jumping from 6.81% in March 2022 to over 15.94% by September 2022. Such a rapid improvement suggests a significant boost in operational performance or asset utilization efficiencies during this timeframe. The peak in December 2022 underscores the culmination of these positive factors.
Post-2022, the operating ROA experienced some decline, settling at approximately 16.80% by September 2023 and subsequently decreasing to about 12.96% as of March 2024. These declines may reflect market adjustments, heightened competitive pressures, or operational challenges affecting asset productivity. Nonetheless, the ROA remained substantially higher compared to pre-2021 levels, indicating that the company maintained relatively efficient asset use even amid fluctuations.
In the most recent periods, the operating ROA continued to trend downward, reaching close to 8.94% by June 2025 before showing a slight uptick to approximately 12.23% in March 2025 and again to around 14.26% in September 2024. The overall pattern indicates a period of strong operational performance peaking in late 2022, followed by a regression that may be associated with market or internal factors impacting asset efficiency.
In summary, the operating ROA of Super Micro Computer Inc. has experienced a notable rise over the analyzed period, highlighting periods of operational strength and asset efficiency, especially during late 2022. The subsequent decline suggests changing operational conditions or strategic shifts, yet the metric continues to reflect an overall improved level of asset utilization compared to earlier years.
Peer comparison
Jun 30, 2025