Super Micro Computer Inc (SMCI)
Pretax margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 856,280 | 704,579 | 750,734 | 692,445 | 688,871 | 532,635 | 338,047 | 209,022 | 134,051 | 117,294 | 118,793 | 92,826 | 89,533 | 82,578 | 87,262 | 103,726 | 99,961 | 96,882 | 86,802 | 100,841 |
| Revenue (ttm) | US$ in thousands | 9,252,750 | 7,391,030 | 7,123,490 | 6,574,090 | 6,646,280 | 6,015,500 | 5,196,100 | 4,629,620 | 4,170,011 | 3,827,897 | 3,557,417 | 3,384,563 | 3,261,090 | 3,301,727 | 3,339,281 | 3,297,389 | 3,268,480 | 3,329,046 | 3,500,360 | 3,324,294 |
| Pretax margin | 9.25% | 9.53% | 10.54% | 10.53% | 10.36% | 8.85% | 6.51% | 4.51% | 3.21% | 3.06% | 3.34% | 2.74% | 2.75% | 2.50% | 2.61% | 3.15% | 3.06% | 2.91% | 2.48% | 3.03% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $856,280K ÷ $9,252,750K
= 9.25%
The pretax margin of Super Micro Computer Inc has shown a general increasing trend over the past eight quarters, from 4.51% in Q3 2022 to 9.25% in Q2 2024. This indicates that the company has been able to improve its efficiency in generating profits before considering taxes. The pretax margin reached its highest point at 10.54% in Q4 2023 before slightly declining in the most recent quarter.
The overall upward trend in pretax margin suggests that Super Micro Computer Inc has been effectively managing its costs and expenses in relation to its revenue generation over the analyzed period. This can be seen as a positive sign of financial health and operational efficiency within the company. The fluctuations in the pretax margin from quarter to quarter may be influenced by various factors such as changes in revenue, costs, or one-time events impacting profitability.
It would be beneficial for stakeholders to continue monitoring the pretax margin along with other financial metrics to assess the company's performance and financial well-being.
Peer comparison
Dec 31, 2023