Stock Analysis on Net
Stock Analysis on Net

Super Micro Computer Inc. (NASDAQ:SMCI)

$24.99

Return on Equity (ROE)
since 2007

Microsoft Excel

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Calculation

Super Micro Computer Inc., ROE, long-term trends, calculation

Microsoft Excel
ROE = 100 × Net income1 ÷ Total Super Micro Computer, Inc. stockholders’ equity1
Jun 30, 2024 = 100 × ÷
Jun 30, 2023 = 100 × ÷
Jun 30, 2022 = 100 × ÷
Jun 30, 2021 = 100 × ÷
Jun 30, 2020 = 100 × ÷
Jun 30, 2019 = 100 × ÷
Jun 30, 2018 = 100 × ÷
Jun 30, 2017 = 100 × ÷
Jun 30, 2016 = 100 × ÷
Jun 30, 2015 = 100 × ÷
Jun 30, 2014 = 100 × ÷
Jun 30, 2013 = 100 × ÷
Jun 30, 2012 = 100 × ÷
Jun 30, 2011 = 100 × ÷
Jun 30, 2010 = 100 × ÷
Jun 30, 2009 = 100 × ÷
Jun 30, 2008 = 100 × ÷
Jun 30, 2007 = 100 × ÷

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), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30).

1 US$ in thousands

Net Income Trends
Over the period analyzed, the net income exhibits significant fluctuations with an overall upward trajectory. Initial values show modest earnings, with a peak at around mid-period in 2015 at approximately $101.9 million. Following this, net income experienced a decline and some volatility through 2017 to 2019, fluctuating between $46.1 million and $71.9 million. From 2020 onwards, a strong growth trend is evident, with net income rising sharply to $285.2 million in 2021, further increasing to $640.0 million in 2022, and reaching $1,152.7 million by 2024. This indicates a substantial acceleration in profitability in the most recent years.
Total Stockholders' Equity Trends
The equity base shows consistent and steady growth across the entire timeline. Starting from approximately $115.9 million in 2007, equity increased progressively every year, with minor variations in growth pace. Noteworthy increments occur after 2014, where equity surpasses $600 million by 2015, later reaching over $1 billion by 2020. The equity base grows significantly in the final years to $1.98 billion in 2023 and surges to $5.42 billion by 2024, reflecting either retained earnings growth, additional capital injections, or asset revaluations supporting balance sheet expansion.
Return on Equity (ROE) Analysis
The ROE metric reveals a pattern of volatility combined with a general upward trend toward the end of the period. Early years show moderate ROE levels fluctuating around 9% to 17%, peaking at 16.74% in 2008. A decline follows, with notably lower returns from 2010 through 2018, where ROE dips as low as 5.47%. Starting in 2019, there is a gradual recovery and marked improvement, culminating in a 20% ROE by 2021. The most dramatic increase occurs in 2022 at 32.45%, before settling at 21.28% in 2024. This pattern suggests enhanced profitability relative to equity, particularly in recent years, driven by the sharp increase in net income.
Summary of Financial Position and Performance
The financial data reflects a company that has experienced phases of moderate growth and periodic profitability challenges, followed by a phase of accelerating profit generation post-2020. The steady increase in stockholders' equity indicates a strengthening financial foundation and potential reinvestment of earnings or capital inflows. The pronounced rise in net income and improvement in ROE in the last five years signifies improved operational efficiency or favorable market conditions, resulting in higher returns on equity capital. This overall pattern suggests positive momentum and enhanced shareholder value generation in the recent period.

Comparison to Competitors

Super Micro Computer Inc., ROE, long-term trends, comparison to competitors

Microsoft Excel
Super Micro Computer Inc. Apple Inc. Arista Networks Inc. Cisco Systems Inc. Dell Technologies Inc.
Jun 30, 2024
Jun 30, 2023
Jun 30, 2022
Jun 30, 2021
Jun 30, 2020
Jun 30, 2019
Jun 30, 2018
Jun 30, 2017
Jun 30, 2016
Jun 30, 2015
Jun 30, 2014
Jun 30, 2013
Jun 30, 2012
Jun 30, 2011
Jun 30, 2010
Jun 30, 2009
Jun 30, 2008
Jun 30, 2007

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), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30).

Comparison to Sector (Technology Hardware & Equipment)

Super Micro Computer Inc., ROE, long-term trends, comparison to sector (technology hardware & equipment)

Microsoft Excel
Super Micro Computer Inc. Technology Hardware & Equipment
Jun 30, 2024
Jun 30, 2023
Jun 30, 2022
Jun 30, 2021
Jun 30, 2020
Jun 30, 2019
Jun 30, 2018
Jun 30, 2017
Jun 30, 2016
Jun 30, 2015
Jun 30, 2014
Jun 30, 2013
Jun 30, 2012
Jun 30, 2011
Jun 30, 2010
Jun 30, 2009
Jun 30, 2008
Jun 30, 2007

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), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30).

Comparison to Industry (Information Technology)

Super Micro Computer Inc., ROE, long-term trends, comparison to industry (information technology)

Microsoft Excel
Super Micro Computer Inc. Information Technology
Jun 30, 2024
Jun 30, 2023
Jun 30, 2022
Jun 30, 2021
Jun 30, 2020
Jun 30, 2019
Jun 30, 2018
Jun 30, 2017
Jun 30, 2016
Jun 30, 2015
Jun 30, 2014
Jun 30, 2013
Jun 30, 2012
Jun 30, 2011
Jun 30, 2010
Jun 30, 2009
Jun 30, 2008
Jun 30, 2007

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), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30).