Stock Analysis on Net
Stock Analysis on Net

Super Micro Computer Inc. (NASDAQ:SMCI)

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Common-Size Balance Sheet: Assets

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Super Micro Computer Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020
Cash and cash equivalents
Accounts receivable, net of allowance for credit losses
Inventories
Prepaid expenses and other current assets
Current assets
Property, plant, and equipment, net
Deferred income taxes, net
Non-current accounts receivable
Operating lease right-of-use asset
Long-term investments
Deferred service costs, non-current
Deposits
Restricted cash, non-current
Other
Other assets
Non-current assets
Total assets

Based on: 10-K (reporting date: 2025-06-30), 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).

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets demonstrated a fluctuating but generally increasing trend, beginning at 10.97% in 2020, with a slight dip to 8.34% in 2022, then rising significantly to 36.88% by 2025, indicating a stronger liquidity position over the period.
Accounts Receivable, Net of Allowance for Credit Losses
This category showed an initial increase from 21.04% in 2020 to a peak of 31.25% in 2023, followed by a decline to 15.72% in 2025. This pattern suggests that the asset tied up in receivables grew for several years before contracting notably in the final year, potentially reflecting changes in credit policies or collection efficiency.
Inventories
Inventory levels as a percentage of total assets increased from 44.38% in 2020 to a high of 48.22% in 2022, then declined sharply to 33.39% by 2025. This could imply improved inventory management or a shift in the product mix or sales strategy reducing the inventory holding requirement.
Prepaid Expenses and Other Current Assets
There was a consistent decline in prepaid expenses and other current assets from 6.62% in 2020 to 1.77% in 2025. This trend could indicate optimization of prepaid obligations or a reduction in ancillary current asset components.
Current Assets
Current assets remained a dominant portion of total assets throughout the period, fluctuating around 83% to 90%, and stabilizing at about 87.75% in 2025, emphasizing the company's strong short-term asset base.
Property, Plant, and Equipment, Net
The share of net property, plant, and equipment steadily decreased from 12.18% in 2020 to a low of 3.6% in 2025, reflecting potential divestment, asset disposals, or limited capital expenditures relative to total asset growth.
Deferred Income Taxes, Net
This asset component dipped slightly from 2.86% in 2020 to 2.18% in 2022, then increased to 4.33% in 2025, indicating fluctuating deferred tax positions, possibly affected by tax strategy or timing differences.
Non-current Accounts Receivable
Non-current accounts receivable appeared only in the later period, constituting 1.19% of total assets in 2025, suggesting the emergence of longer-term receivables or financing arrangements.
Operating Lease Right-of-Use Asset
This asset category declined from 1.24% in 2020 to 0.35% in 2024, before rising again to 2.1% in 2025, revealing changing lease arrangements or adoption of new lease accounting standards over time.
Long-term Investments
Long-term investments emerged towards the end of the period, constituting 0.62% in 2024 and increasing slightly to 0.8% in 2025, indicating modest growth in investment activities.
Deferred Service Costs, Non-current
These costs appeared marginally in 2024 and 2025, consistently low at 0.11% and 0.08%, respectively, hinting at limited expenditure on deferred services.
Deposits
Deposits were minimal at 0.05% and 0.04% of total assets in 2024 and 2025, pointing to a minor role in asset composition.
Restricted Cash, Non-current
Restricted cash remained negligible, with minor values of 0.01% and 0.02% in 2024 and 2025, indicating limited restrictions on cash resources.
Other
The "Other" category dropped sharply from 0.7%-0.74% in the early years to minimal levels around 0.03%-0.1% in 2024 and 2025, suggesting reclassification or reduction of miscellaneous assets.
Other Assets
Other assets declined from 1.94% in 2020 to approximately 1.15% in 2023, then increased significantly to 4.31% in 2025, indicating a possible accumulation or reclassification of other asset types towards the end of the period.
Non-current Assets
The overall proportion of non-current assets decreased from 16.99% in 2020 to a low of 9.1% in 2024 before rebounding slightly to 12.25% in 2025, consistent with trends in property, plant, and equipment and other long-term holdings.
Total Assets
Total assets are consistently reported as 100% in all periods, confirming that all asset components together constitute the complete asset base for each year.