Common-Size Balance Sheet: Assets
Quarterly Data
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- Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Geographic Areas
- Capital Asset Pricing Model (CAPM)
- Return on Assets (ROA) since 2007
- Total Asset Turnover since 2007
- Price to Earnings (P/E) since 2007
- Price to Sales (P/S) since 2007
- Analysis of Revenues
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Super Micro Computer Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30).
The composition of assets at the company has undergone significant shifts over the analyzed period, spanning from September 2019 to June 2025. A notable trend is the increasing proportion of cash and cash equivalents, particularly accelerating from September 2023, reaching a peak of 36.88% of total assets in June 2025. Accounts receivable and inventories have also demonstrated considerable fluctuation, while the relative weight of property, plant, and equipment has generally decreased.
- Current Assets
- Current assets consistently represented a substantial portion of total assets, generally ranging between 83% and 89%. A slight peak in current assets as a percentage of total assets occurred in December 2021 (87.22%) and again in June 2025 (90.99%). This increase correlates with the rise in accounts receivable and cash holdings during those periods. The proportion of current assets decreased slightly in the most recent period, June 2025, compared to prior periods.
- Cash and Cash Equivalents
- The percentage of cash and cash equivalents exhibited a generally upward trajectory, with periods of fluctuation. From September 2019 (14.07%) to December 2020 (16.66%), the increase was moderate. However, a more substantial increase began in September 2023 (13.26%), culminating in a significant proportion of 36.88% by June 2025. This suggests a strengthening liquidity position or a strategic accumulation of cash.
- Accounts Receivable
- Accounts receivable demonstrated considerable variability. Initially fluctuating between approximately 17% and 21% of total assets, it rose to a peak of 31.25% in June 2023. While decreasing in subsequent periods, it remained elevated, reaching 27.86% in June 2024 and 39.30% in September 2025. This suggests potential changes in credit policies or sales terms, or possibly increased sales on credit. The high value in September 2025 warrants further investigation.
- Inventories
- Inventories consistently constituted a significant portion of total assets, generally between 36% and 53%. The highest percentage was observed in December 2021 (52.07%). A downward trend in the proportion of inventories became apparent from September 2022, continuing through June 2025 (33.39%). This could indicate improved inventory management, increased sales, or a shift in business model.
- Non-Current Assets
- Non-current assets exhibited a declining trend as a percentage of total assets. Starting at 16.51% in September 2019, they decreased to 6.70% by June 2025. This decline was primarily driven by a reduction in the proportion of property, plant, and equipment, net, and to a lesser extent, other assets. Deferred income taxes also contributed to the decrease, though to a smaller degree.
- Property, Plant, and Equipment
- The proportion of property, plant, and equipment, net, decreased steadily over the period, from 12.49% in September 2019 to 1.92% in June 2025. This suggests a potential shift away from capital-intensive operations, or a strategy of utilizing assets more efficiently. The decrease is substantial and may warrant further investigation into capital expenditure policies.
Overall, the asset composition demonstrates a transition towards a more liquid position, with a significant increase in cash holdings and a corresponding decrease in long-term assets. The fluctuations in accounts receivable and inventories suggest dynamic changes in working capital management and sales strategies. The observed trends warrant further investigation into the underlying business decisions and their impact on the company’s financial performance.