Common-Size Balance Sheet: Assets
Quarterly Data
Super Micro Computer Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 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), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30).
- Cash and cash equivalents
- The percentage of cash and cash equivalents relative to total assets showed considerable variability over the analyzed period. Starting from a low of 6.08% in September 2018, it rose steadily until the end of 2019, peaking at 17.1%. Thereafter, it fluctuated, notably dropping to single digits in early 2021 before climbing again. The data reveals a prominent increase in early 2024, reaching 23.87%, the highest in the dataset, before moderating somewhat toward the end of the period.
- Accounts receivable, net of allowance for credit losses
- This category generally exhibited a downward trend from 25.96% in late 2018 to lows around 17% in 2020, indicating possibly improved collections or changes in credit policy. However, there were intermittent rebounds, with notable increases in mid-2022 and again in mid-2023, reaching above 30% at its peak. The fluctuations suggest variability in sales terms, customer payment behaviors, or seasonality impacts.
- Inventories
- Inventories represented the largest share of total assets throughout the period, ranging between approximately 36% and 52%. Initial values were quite high around 47% in 2018–2019, followed by a dip in mid-2019. From 2020 onward, the inventory share experienced an increasing trend reaching over 52% in late 2021 and mid-2022, before trending downward again to about 36% by late 2024. This pattern could reflect changes in production cycles, supply chain dynamics, or demand fluctuations.
- Prepaid expenses and other current assets
- The share attributed to prepaid expenses and other current assets steadily decreased over time, starting near 6.76% in 2018 and falling to below 2% by late 2023. Towards 2024, a slight recovery is observed but values remain markedly lower compared to earlier periods. This declining trend may indicate a reduction in prepayments or a reclassification of assets.
- Current assets
- Current assets as a percentage of total assets remained consistently high, generally above 80%, indicating that the company maintains a predominantly current asset structure. While minor fluctuations occurred, an increasing trend is apparent toward the end of the period, with current assets rising from 86% in 2018 up to nearly 91% by 2024.
- Property, plant and equipment, net
- The proportion of property, plant, and equipment steadily declined from over 11% in 2018 to approximately 4–5% by 2024, reflecting potential divestment, depreciation, or impairment. This reduction suggests a decreasing investment in fixed assets or a shift in operational focus.
- Deferred income taxes, net
- Deferred income taxes as a percentage of total assets gradually increased over the period, rising from about 1.6% in 2018 to a peak of around 4.65% in early 2023. Post-peak, there was a slight decline but figures remained elevated relative to the beginning of the period. This trend might indicate growing deferred tax assets or liabilities balance related to timing differences in income recognition.
- Other assets
- Other assets maintained a small but somewhat variable share of total assets, typically around 1%. Slight upward movements occurred during the latter years, reaching 2.34% by late 2024, indicating possibly increasing smaller or miscellaneous asset categories.
- Non-current assets
- Non-current assets declined moderately from approximately 14% in 2018 to around 9–11% during 2024, aligning with the observed decrease in property, plant and equipment. The steady tapering suggests a strategic shift within the asset base toward more liquid or short-term assets.
- Total assets
- As expected, total assets represent 100% throughout the timeframe; the focus remains on composition changes within the asset base rather than total asset growth.