Total Asset Turnover
since 2007
Calculation
Super Micro Computer Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Jun 30, 2024 | 1.53 | = | 14,989,251) | ÷ | 9,826,092) |
| Jun 30, 2023 | 1.94 | = | 7,123,482) | ÷ | 3,674,729) |
| Jun 30, 2022 | 1.62 | = | 5,196,099) | ÷ | 3,205,077) |
| Jun 30, 2021 | 1.59 | = | 3,557,422) | ÷ | 2,241,964) |
| Jun 30, 2020 | 1.74 | = | 3,339,281) | ÷ | 1,918,646) |
| Jun 30, 2019 | 2.08 | = | 3,500,360) | ÷ | 1,682,594) |
| Jun 30, 2018 | 1.90 | = | 3,360,492) | ÷ | 1,769,505) |
| Jun 30, 2017 | 1.64 | = | 2,484,929) | ÷ | 1,515,130) |
| Jun 30, 2016 | 1.90 | = | 2,215,573) | ÷ | 1,165,600) |
| Jun 30, 2015 | 1.83 | = | 1,991,155) | ÷ | 1,089,809) |
| Jun 30, 2014 | 1.84 | = | 1,467,202) | ÷ | 796,325) |
| Jun 30, 2013 | 1.84 | = | 1,162,561) | ÷ | 632,257) |
| Jun 30, 2012 | 1.72 | = | 1,013,874) | ÷ | 589,103) |
| Jun 30, 2011 | 2.03 | = | 942,582) | ÷ | 464,620) |
| Jun 30, 2010 | 1.95 | = | 721,438) | ÷ | 370,762) |
| Jun 30, 2009 | 1.79 | = | 505,609) | ÷ | 283,135) |
| Jun 30, 2008 | 2.04 | = | 540,503) | ÷ | 264,385) |
| Jun 30, 2007 | 2.04 | = | 420,393) | ÷ | 205,583) |
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
The analysis of the financial data over the specified periods reveals several notable trends and patterns in the operational and asset utilization performance.
- Net Sales
-
Net sales exhibit a consistent upward trajectory with a few fluctuations. Starting from approximately $420 million in mid-2007, net sales experience substantial growth, reaching over $14.9 billion by mid-2024. This reflects a significant expansion in revenue generation capacity, with particularly marked acceleration observed from 2021 onwards, where sales more than doubled from $3.5 billion in 2020 to nearly $15 billion in 2024. Earlier years show steady increases punctuated by moderate year-to-year growth rates.
- Total Assets
-
Total assets also demonstrate a growth trend, increasing from about $205 million in 2007 to approximately $9.8 billion by 2024. The asset base expands steadily, supporting the rising sales levels. Notably, the rate of asset accumulation accelerates markedly after 2020, consistent with the surge in net sales during the same period. This increase indicates substantial investment in asset acquisition to accommodate scaling operations. The gradual buildup prior to 2020 suggests a strategy of progressive asset growth aligned with operational needs.
- Total Asset Turnover Ratio
-
The total asset turnover ratio, which measures efficiency in generating sales from assets, shows variability throughout the periods but generally oscillates between 1.5 and 2.1. Initially starting at 2.04 in 2007, it fluctuates with slight declines and recoveries, reaching a peak of 2.08 in 2019. From 2020 onward, a downward trend is observed, declining from 1.74 in 2020 to 1.53 in 2024, despite the significant increase in net sales and assets. This suggests that asset growth outpaced sales growth in the most recent years, resulting in reduced asset utilization efficiency. The fluctuation over time indicates periods of varying operational efficiency and capital deployment effectiveness.
In summary, the data depicts robust growth in sales and asset base, particularly accelerating in the early 2020s, consistent with expansion efforts. However, the declining asset turnover ratio in recent years highlights a relative decrease in efficiency in converting assets to sales, which may warrant further managerial attention to optimize asset utilization as the company scales.
Comparison to Competitors
Super Micro Computer Inc., total asset turnover, long-term trends, comparison to competitors
| Super Micro Computer Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | |
|---|---|---|---|---|---|
| Jun 30, 2024 | 1.53 | 1.07 | 0.50 | 0.43 | 1.08 |
| Jun 30, 2023 | 1.94 | 1.09 | 0.59 | 0.56 | 1.14 |
| Jun 30, 2022 | 1.62 | 1.12 | 0.65 | 0.55 | 1.09 |
| Jun 30, 2021 | 1.59 | 1.04 | 0.51 | 0.51 | 0.76 |
| Jun 30, 2020 | 1.74 | 0.85 | 0.49 | 0.52 | 0.78 |
| Jun 30, 2019 | 2.08 | 0.77 | 0.58 | 0.53 | 0.81 |
| Jun 30, 2018 | 1.90 | 0.73 | 0.70 | 0.45 | — |
| Jun 30, 2017 | 1.64 | 0.61 | 0.67 | 0.37 | — |
| Jun 30, 2016 | 1.90 | 0.67 | 0.65 | 0.40 | — |
| Jun 30, 2015 | 1.83 | 0.80 | 0.72 | 0.43 | — |
| Jun 30, 2014 | 1.84 | 0.79 | 0.72 | 0.45 | — |
| Jun 30, 2013 | 1.84 | 0.83 | — | 0.48 | — |
| Jun 30, 2012 | 1.72 | 0.89 | — | 0.50 | — |
| Jun 30, 2011 | 2.03 | 0.93 | — | 0.50 | — |
| Jun 30, 2010 | 1.95 | 0.87 | — | 0.49 | — |
| Jun 30, 2009 | 1.79 | 0.68 | — | 0.53 | — |
| Jun 30, 2008 | 2.04 | 0.82 | — | 0.67 | — |
| Jun 30, 2007 | 2.04 | 0.95 | — | 0.65 | — |
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., total asset turnover, long-term trends, comparison to sector (technology hardware & equipment)
| Super Micro Computer Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Jun 30, 2024 | 1.53 | 0.93 |
| Jun 30, 2023 | 1.94 | 1.00 |
| Jun 30, 2022 | 1.62 | 1.01 |
| Jun 30, 2021 | 1.59 | 0.89 |
| Jun 30, 2020 | 1.74 | 0.77 |
| Jun 30, 2019 | 2.08 | 0.74 |
| Jun 30, 2018 | 1.90 | 0.67 |
| Jun 30, 2017 | 1.64 | 0.55 |
| Jun 30, 2016 | 1.90 | 0.60 |
| Jun 30, 2015 | 1.83 | 0.70 |
| Jun 30, 2014 | 1.84 | 0.69 |
| Jun 30, 2013 | 1.84 | 0.71 |
| Jun 30, 2012 | 1.72 | 0.76 |
| Jun 30, 2011 | 2.03 | 0.75 |
| Jun 30, 2010 | 1.95 | 0.68 |
| Jun 30, 2009 | 1.79 | 0.60 |
| Jun 30, 2008 | 2.04 | 0.74 |
| Jun 30, 2007 | 2.04 | 0.75 |
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., total asset turnover, long-term trends, comparison to industry (information technology)
| Super Micro Computer Inc. | Information Technology | |
|---|---|---|
| Jun 30, 2024 | 1.53 | 0.58 |
| Jun 30, 2023 | 1.94 | 0.61 |
| Jun 30, 2022 | 1.62 | 0.65 |
| Jun 30, 2021 | 1.59 | 0.62 |
| Jun 30, 2020 | 1.74 | 0.58 |
| Jun 30, 2019 | 2.08 | 0.59 |
| Jun 30, 2018 | 1.90 | 0.59 |
| Jun 30, 2017 | 1.64 | 0.51 |
| Jun 30, 2016 | 1.90 | 0.55 |
| Jun 30, 2015 | 1.83 | 0.63 |
| Jun 30, 2014 | 1.84 | 0.64 |
| Jun 30, 2013 | 1.84 | 0.66 |
| Jun 30, 2012 | 1.72 | 0.70 |
| Jun 30, 2011 | 2.03 | 0.73 |
| Jun 30, 2010 | 1.95 | 0.72 |
| Jun 30, 2009 | 1.79 | 0.69 |
| Jun 30, 2008 | 2.04 | 0.79 |
| Jun 30, 2007 | 2.04 | 0.76 |
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).