Super Micro Computer Inc (SMCI)

Return on assets (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
Net income (ttm)	US$ in thousands	732,378	612,577	639,998	587,251	578,377	444,142	285,163	183,503	124,959	110,701	111,865	91,153	88,532	84,564	84,308	89,568	84,407	78,921	71,918	61,463
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
ROA		13.55%	14.96%	17.42%	18.39%	18.81%	13.45%	8.90%	5.97%	4.67%	4.56%	4.99%	4.56%	4.67%	4.65%	4.39%	4.57%	4.67%	4.64%	4.27%	3.82%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $732,378K ÷ $5,405,000K
= 13.55%

Super Micro Computer Inc's return on assets (ROA) has been consistently increasing over the past eight quarters, reflecting improved efficiency in generating profits from its assets. The ROA has shown a positive trend, starting from 5.97% in Q3 2022 and peaking at 18.81% in Q2 2023 before slightly declining. This indicates that the company has been effectively utilizing its assets to generate profits. Overall, the upward trajectory of ROA suggests that Super Micro Computer Inc has been successful in managing its assets and generating returns for its shareholders.