Analysis of Inventory
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- Income Statement
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Net Profit Margin since 2007
- Operating Profit Margin since 2007
- Return on Assets (ROA) since 2007
- Debt to Equity since 2007
- Total Asset Turnover since 2007
- Aggregate Accruals
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Inventory Disclosure
Super Micro Computer Inc., balance sheet: inventory
US$ in thousands
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Finished goods | |||||||||||||
| Work in process | |||||||||||||
| Raw materials | |||||||||||||
| Inventories |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).
The annual financial data reveals notable trends in the inventory composition from June 30, 2019, through June 30, 2024, expressed in thousands of US dollars. There is a consistent upward trajectory in the total inventory value, with a pronounced acceleration in the most recent year.
- Finished Goods
- The value of finished goods increased steadily from 492,387 in 2019 to over 1,045,177 in 2023, representing more than a twofold increase over four years. A significant surge is observed in 2024, where finished goods reach 3,312,768, more than tripling the prior year's value. This sharp jump may indicate expanded production capacity, accumulated unsold stock, or preparation for increased sales demand.
- Work in Process
- Work in process displayed fluctuating movement, initially declining from 43,598 in 2019 to 38,146 in 2020, followed by a near doubling to 80,472 in 2021. It rose sharply to 209,576 in 2022 but dipped again to 71,874 in 2023. In 2024, it sharply increases to 450,993, surpassing prior years by a wide margin. This volatility could signify varying production cycles or changes in operational efficiency.
- Raw Materials
- Raw materials steadily grew from 134,203 in 2019 to 328,513 in 2023, reflecting increased procurement or inventory stocking. The year 2024 saw a notable jump to 569,268, suggesting higher material acquisition potentially driven by anticipated production needs or supply chain considerations.
- Total Inventories
- Total inventories aggregate the aforementioned components, exhibiting consistent growth from 670,188 in 2019 to 1,445,564 in 2023. The increase in 2024 to 4,333,029 is especially prominent, nearly tripling the previous year’s total. This sharp rise aligns with trends in finished goods, work in process, and raw materials, indicating overall inventory buildup.
In summary, inventory levels have expanded significantly over the period, with a marked acceleration in 2024. The data suggest a strategic increase in inventory holdings across all categories, which might reflect preparations for anticipated higher sales, expansions in production capacity, or changes in supply chain dynamics. The sharp increase in finished goods implies accumulation of sale-ready products, whereas rising raw materials and work in process reinforce the notion of scaling production activities. Further analysis of sales performance and cash flow would be necessary to evaluate the implications on operational efficiency and financial health.