Common-Size Balance Sheet: Assets
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- Income Statement
- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Enterprise Value (EV)
- Selected Financial Data since 2007
- Price to Operating Profit (P/OP) since 2007
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Super Micro Computer Inc., common-size consolidated balance sheet: assets
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).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets exhibited a decreasing trend from 14.75% in 2019 to 8.34% in 2022, followed by a notable recovery to 16.99% in 2024. This pattern may indicate fluctuating liquidity management, with a reduction phase and subsequent replenishment of liquid assets.
- Accounts Receivable, Net of Allowance for Credit Losses
- This item declined from 23.39% in 2019 to 20.69% in 2021, then sharply increased to a peak of 31.25% in 2023, slightly decreasing to 27.86% in 2024. The rise in accounts receivable as a percentage of total assets after 2021 could suggest expanded sales on credit or slower collections during that period.
- Inventories
- Inventory levels as a percentage of total assets showed an overall upward trend from 39.83% in 2019, peaking at 48.22% in 2022. This was followed by a drop to 39.34% in 2023 and a rise again to 44.1% in 2024. The fluctuations imply variable inventory accumulation strategies, possibly reflecting adjustments in demand forecasting or supply chain dynamics.
- Prepaid Expenses and Other Current Assets
- A steady decline from 6.53% in 2019 to 1.95% in 2024 is observed, indicating shrinking proportions of prepaid and miscellaneous current assets in the asset structure, which might reflect stricter control of prepayments or reduction in advance expenditures.
- Current Assets
- Current assets consistently composed the majority of total assets, maintaining high levels between 83% and 91%. The proportion increased from 84.5% in 2019 to 90.9% in 2024, underscoring a strong emphasis on liquidity and short-term resource allocation.
- Property, Plant and Equipment, Net
- The share of net property, plant, and equipment in total assets steadily declined from 12.32% in 2019 to 4.21% in 2024. This continuous decrease may indicate asset disposals, depreciation exceeding capital expenditures, or a strategic move away from fixed asset intensity.
- Deferred Income Taxes, Net
- This category fluctuated modestly, beginning at 2.44% in 2019, dipping and then rising to 4.43% in 2023 before slightly decreasing to 3.72% in 2024. The movements suggest variability in the timing differences of taxable income recognition or changes in tax positions.
- Other Assets
- Other assets remained a minimal fraction of total assets, varying between 0.73% and 1.94%, and stabilizing near 1.17% by 2024. This consistency points to a relatively minor and stable component of the asset base.
- Non-Current Assets
- The proportion of non-current assets in total assets showed a decline from 15.5% in 2019 to 9.1% in 2024, reflecting the overall decrease observed in property, plant and equipment and partly offset by deferred income taxes and other non-current asset components. This trend indicates a gradual shift towards a more current asset-focused balance sheet.