Super Micro Computer Inc (SMCI)

Return on assets (ROA)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Net income	US$ in thousands	1,152,670	639,998	285,163	111,865	84,308
Total assets	US$ in thousands	9,826,090	3,674,730	3,205,080	2,241,960	1,918,650
ROA		11.73%	17.42%	8.90%	4.99%	4.39%

June 30, 2024 calculation

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

Super Micro Computer Inc's return on assets (ROA) has shown a positive trend over the past five years, starting at 4.39% on June 30, 2020, and reaching 11.73% by June 30, 2024. This indicates an improvement in the company's efficiency in utilizing its assets to generate profits. The significant increase in ROA from 2022 to 2023, jumping from 8.90% to 17.42%, suggests a period of exceptional performance and potentially improved asset utilization or higher profitability.

Overall, the increasing ROA trend reflects positively on Super Micro Computer Inc's ability to generate earnings relative to its total assets. However, it's important for investors and analysts to consider other financial metrics and qualitative factors to assess the company's overall financial health and sustainability of its performance.