Super Micro Computer Inc (SMCI)
Return on equity (ROE)
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 639,998 | 285,163 | 111,865 | 84,308 | 71,918 |
| Total stockholders’ equity | US$ in thousands | 1,972,000 | 1,425,580 | 1,096,220 | 1,065,540 | 941,015 |
| ROE | 32.45% | 20.00% | 10.20% | 7.91% | 7.64% |
June 30, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $639,998K ÷ $1,972,000K
= 32.45%
Super Micro Computer Inc's return on equity (ROE) has shown a significant improvement over the past five years, increasing from 7.64% in 2019 to 32.45% in 2023. This indicates that the company has been generating a higher level of profitability relative to shareholders' equity. The steady upward trend in ROE suggests that the company has been effectively utilizing its equity to generate profits, indicating efficient management of the business. This improvement may be attributed to factors such as higher net income, better cost management, or increased leverage. Overall, the increasing ROE reflects positively on Super Micro Computer Inc's financial performance and may indicate a stronger position for the company in terms of generating returns for its shareholders.
Peer comparison
Jun 30, 2023