Super Micro Computer Inc (SMCI)

Return on assets (ROA)

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Net income	US$ in thousands	1,152,670	1,208,150	639,998	285,163	111,865
Total assets	US$ in thousands	9,826,090	9,943,240	3,674,730	3,205,080	2,241,960
ROA		11.73%	12.15%	17.42%	8.90%	4.99%

June 30, 2025 calculation

ROA = Net income ÷ Total assets
= $1,152,670K ÷ $9,826,090K
= 11.73%

Super Micro Computer Inc.'s Return on Assets (ROA) has demonstrated notable fluctuations over the analyzed period from June 30, 2021, to June 30, 2025. Starting at 4.99% in 2021, the ROA experienced a significant increase, reaching 8.90% in 2022, indicating improved efficiency in utilizing assets to generate net income. This upward trend continued markedly into 2023, with the ROA rising sharply to 17.42%, nearly doubling the previous year's level, suggesting enhanced operational performance and potentially higher profit margins relative to asset base.

However, subsequent years reflect a moderation and slight decline in ROA. By June 30, 2024, the ROA decreased to 12.15%, and further adjustment brought it slightly lower to 11.73% in June 2025. These decreases might indicate a normalization of efficiencies or increased asset base without a proportional increase in net income, illustrating a potential plateau or slight contraction in operational profitability relative to assets.

Overall, the company's ROA evidenced a strong upward trajectory from 2021 through 2023, surpassing double digits and approaching impressive levels, but it has since stabilized at a lower yet still healthy level in the mid-single digits. This pattern suggests periods of rapid profit growth followed by stabilization, raising considerations about the underlying factors influencing asset utilization and profit margins in the most recent fiscal years.