Super Micro Computer Inc (SMCI)
Return on total capital
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,555,031 | 1,552,006 | 1,221,865 | 1,161,759 | 871,071 | 712,995 | 761,225 | 702,355 | 699,024 | 542,182 | 344,460 | 213,142 | 137,247 | 119,909 | 121,278 | 95,282 | 91,900 | 84,936 | 89,498 | 106,566 |
| Long-term debt | US$ in thousands | 1,700,640 | 1,699,180 | 1,697,720 | 85,646 | 99,322 | 105,389 | 120,179 | 133,235 | 142,273 | — | 147,618 | 144,423 | 139,032 | 45,134 | 34,700 | 27,867 | 20,577 | 11,980 | 5,697 | — |
| Total stockholders’ equity | US$ in thousands | 6,238,310 | 5,876,750 | 5,417,210 | 5,093,990 | 3,076,910 | 2,165,380 | 1,972,000 | 1,768,410 | 1,818,680 | 1,625,040 | 1,425,580 | 1,273,740 | 1,186,670 | 1,132,620 | 1,096,220 | 1,053,780 | 1,064,050 | 1,072,570 | 1,065,540 | 1,038,230 |
| Return on total capital | 19.59% | 20.49% | 17.17% | 22.43% | 27.42% | 31.40% | 36.38% | 36.93% | 35.65% | 33.36% | 21.90% | 15.03% | 10.35% | 10.18% | 10.72% | 8.81% | 8.47% | 7.83% | 8.35% | 10.26% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,555,031K ÷ ($1,700,640K + $6,238,310K)
= 19.59%
Super Micro Computer Inc's return on total capital has shown fluctuations over the past few years. The ratio has generally been on an upward trend, starting at 10.26% in March 2020 and reaching a peak of 36.93% in March 2023. However, there was a slight decrease in the ratio in the subsequent periods, with a significant drop to 17.17% in June 2024. Despite these fluctuations, the company has maintained relatively strong returns on total capital, indicating its ability to generate profits relative to the overall capital invested in the business. This performance suggests efficient management of the company's capital resources and a potential for continued growth and profitability in the future.
Peer comparison
Dec 31, 2024