Stock Analysis on Net
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Stock Analysis on Net

Super Micro Computer Inc. (NASDAQ:SMCI)

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Common-Size Balance Sheet: Assets
Quarterly Data

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Super Micro Computer Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 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 Dec 31, 2019 Sep 30, 2019
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
Other assets
Non-current assets
Total assets

Based on: 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).

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets displays a fluctuating pattern over the observed periods. It initially ranges between approximately 9% and 17%, declines to a low near 7%, then rises markedly after late 2023, reaching near 37% by mid-2025. This suggests varying liquidity management strategies, with a significant increase in liquid assets in recent quarters.
Accounts Receivable, Net
Accounts receivable as a percentage of total assets generally oscillate between 15% and 31%. It experiences notable spikes in mid-2023 and late 2024, potentially indicating periods of higher credit sales or collection delays, although it dips below 18% in several other quarters. The variability implies changing sales conditions or credit policies.
Inventories
Inventory levels consistently represent a substantial portion of total assets, commonly exceeding 40%. The trend reveals a peak above 52% in late 2021 and early 2022, followed by a gradual decline to around 33-39% in subsequent quarters. This pattern may reflect inventory accumulation amid demand changes, followed by efforts to reduce stock levels or improve turnover.
Prepaid Expenses and Other Current Assets
This category shows a declining trend over time, falling from above 8% in 2019 to under 2% by mid-2025, with a brief increase around late 2024. The consistent decrease suggests a reduction in prepaid outlays or other short-term asset components relative to total assets.
Current Assets
Current assets consistently represent the majority of total assets, maintaining levels above 80% throughout the period and rising to over 90% in recent quarters. This indicates a strong focus on liquidity and short-term asset holdings relative to total asset composition.
Property, Plant, and Equipment, Net
There is a clear downward trend in the proportion of net property, plant, and equipment, declining from around 12.5% to below 4% by mid-2025. This reduction signifies possible asset disposals, depreciation surpassing capital expenditures, or a strategic shift away from fixed assets in favor of current assets.
Deferred Income Taxes, Net
Deferred income taxes as a percentage of total assets remain relatively stable, fluctuating modestly in the 2% to 4.7% range. A gradual increase occurs from 2021 to early 2023, potentially reflecting changes in tax positions or timing differences.
Other Assets
Other assets maintain a minor yet slightly increasing share of total assets, moving from about 1.3% up to over 4% by mid-2025, with the most pronounced rise occurring in the latest periods. This could indicate accumulating non-core or long-term assets.
Non-Current Assets
Non-current assets, encompassing PPE and deferred taxes among others, show a declining trend from approximately 16.5% to near 12% during 2019-2022, followed by some fluctuation around 9% to 12% in later periods. This overall contraction aligns with the decreasing PPE share and suggests a shift in asset composition toward more current assets.
Total Assets
Total assets remain normalized at 100%, providing a consistent reference point for the proportional analysis of asset components.