Adjusted Financial Ratios (Summary)
Adjusted Total Asset Turnover
Adjusted Current Ratio
Adjusted Debt to Equity
Adjusted Debt to Capital
Adjusted Financial Leverage
Adjusted Net Profit Margin
Adjusted Return on Equity (ROE)
Adjusted Return on Assets (ROA)

Super Micro Computer Inc., adjusted financial ratios

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Activity Ratio
Total Asset Turnover
Reported	1.94	1.62	1.59	1.74	2.08	1.90
Adjusted	2.05	1.67	1.63	1.79	2.13	1.95
Liquidity Ratio
Current Ratio
Reported	2.31	1.91	1.93	2.25	2.35	1.89
Adjusted	2.58	2.08	2.18	2.70	2.84	2.06
Solvency Ratios
Debt to Equity
Reported	0.15	0.42	0.09	0.03	0.03	0.14
Adjusted	0.15	0.39	0.10	0.04	0.04	0.14
Debt to Capital
Reported	0.13	0.30	0.08	0.03	0.02	0.12
Adjusted	0.13	0.28	0.09	0.04	0.04	0.12
Financial Leverage
Reported	1.86	2.25	2.05	1.80	1.79	2.10
Adjusted	1.65	1.96	1.74	1.52	1.48	1.80
Profitability Ratios
Net Profit Margin
Reported	8.98%	5.49%	3.14%	2.52%	2.05%	1.37%
Adjusted	8.60%	5.91%	2.84%	2.03%	3.32%	3.78%
Return on Equity (ROE)
Reported	32.45%	20.00%	10.20%	7.91%	7.64%	5.47%
Adjusted	29.06%	19.27%	8.08%	5.51%	10.51%	13.24%
Return on Assets (ROA)
Reported	17.42%	8.90%	4.99%	4.39%	4.27%	2.61%
Adjusted	17.61%	9.85%	4.64%	3.63%	7.08%	7.35%

Based on: 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).

Financial ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Super Micro Computer Inc. adjusted total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Adjusted current ratio	A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.	Super Micro Computer Inc. adjusted current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Super Micro Computer Inc. adjusted debt-to-equity ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Super Micro Computer Inc. adjusted debt-to-capital ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Super Micro Computer Inc. adjusted financial leverage ratio increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Super Micro Computer Inc. adjusted net profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Super Micro Computer Inc. adjusted ROE improved from 2021 to 2022 and from 2022 to 2023.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Super Micro Computer Inc. adjusted ROA improved from 2021 to 2022 and from 2022 to 2023.

Super Micro Computer Inc., Financial Ratios: Reported vs. Adjusted

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	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Reported
Selected Financial Data (US$ in thousands)
Net sales	7,123,482)	5,196,099)	3,557,422)	3,339,281)	3,500,360)	3,360,492)
Total assets	3,674,729)	3,205,077)	2,241,964)	1,918,646)	1,682,594)	1,769,505)
Activity Ratio
Total asset turnover¹	1.94	1.62	1.59	1.74	2.08	1.90
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net sales²	7,194,069)	5,227,643)	3,555,970)	3,339,631)	3,555,499)	3,428,267)
Adjusted total assets³	3,512,157)	3,136,901)	2,181,267)	1,868,334)	1,667,846)	1,761,928)
Activity Ratio
Adjusted total asset turnover⁴	2.05	1.67	1.63	1.79	2.13	1.95

Based on: 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).

¹ 2023 Calculation
Total asset turnover = Net sales ÷ Total assets
= 7,123,482 ÷ 3,674,729 = 1.94

² Adjusted net sales. See details »

³ Adjusted total assets. See details »

⁴ 2023 Calculation
Adjusted total asset turnover = Adjusted net sales ÷ Adjusted total assets
= 7,194,069 ÷ 3,512,157 = 2.05

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Activity ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Super Micro Computer Inc. adjusted total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Reported
Selected Financial Data (US$ in thousands)
Current assets	3,179,426)	2,806,315)	1,867,259)	1,592,761)	1,421,771)	1,530,878)
Current liabilities	1,374,652)	1,470,024)	968,896)	707,635)	605,969)	811,557)
Liquidity Ratio
Current ratio¹	2.31	1.91	1.93	2.25	2.35	1.89
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted current assets²	3,179,508)	2,808,068)	1,869,850)	1,597,347)	1,430,677)	1,532,823)
Adjusted current liabilities³	1,230,906)	1,349,638)	857,232)	591,494)	503,155)	745,419)
Liquidity Ratio
Adjusted current ratio⁴	2.58	2.08	2.18	2.70	2.84	2.06

Based on: 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).

¹ 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 3,179,426 ÷ 1,374,652 = 2.31

² Adjusted current assets. See details »

³ Adjusted current liabilities. See details »

⁴ 2023 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 3,179,508 ÷ 1,230,906 = 2.58

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Liquidity ratio	Description	The company
Adjusted current ratio	A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.	Super Micro Computer Inc. adjusted current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Reported
Selected Financial Data (US$ in thousands)
Total debt	290,302)	596,764)	98,190)	29,401)	23,647)	116,181)
Total Super Micro Computer, Inc. stockholders’ equity	1,972,005)	1,425,575)	1,096,225)	1,065,540)	941,015)	843,495)
Solvency Ratio
Debt to equity¹	0.15	0.42	0.09	0.03	0.03	0.14
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt²	309,462)	620,564)	119,051)	53,813)	41,119)	132,242)
Adjusted total stockholders’ equity³	2,128,905)	1,603,569)	1,250,881)	1,231,543)	1,123,409)	978,178)
Solvency Ratio
Adjusted debt to equity⁴	0.15	0.39	0.10	0.04	0.04	0.14

Based on: 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).

¹ 2023 Calculation
Debt to equity = Total debt ÷ Total Super Micro Computer, Inc. stockholders’ equity
= 290,302 ÷ 1,972,005 = 0.15

² Adjusted total debt. See details »

³ Adjusted total stockholders’ equity. See details »

⁴ 2023 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total stockholders’ equity
= 309,462 ÷ 2,128,905 = 0.15

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Solvency ratio	Description	The company
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Super Micro Computer Inc. adjusted debt-to-equity ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Reported
Selected Financial Data (US$ in thousands)
Total debt	290,302)	596,764)	98,190)	29,401)	23,647)	116,181)
Total capital	2,262,307)	2,022,339)	1,194,415)	1,094,941)	964,662)	959,676)
Solvency Ratio
Debt to capital¹	0.13	0.30	0.08	0.03	0.02	0.12
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt²	309,462)	620,564)	119,051)	53,813)	41,119)	132,242)
Adjusted total capital³	2,438,367)	2,224,133)	1,369,932)	1,285,356)	1,164,528)	1,110,420)
Solvency Ratio
Adjusted debt to capital⁴	0.13	0.28	0.09	0.04	0.04	0.12

Based on: 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).

¹ 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 290,302 ÷ 2,262,307 = 0.13

² Adjusted total debt. See details »

³ Adjusted total capital. See details »

⁴ 2023 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 309,462 ÷ 2,438,367 = 0.13

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Solvency ratio	Description	The company
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Super Micro Computer Inc. adjusted debt-to-capital ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Reported
Selected Financial Data (US$ in thousands)
Total assets	3,674,729)	3,205,077)	2,241,964)	1,918,646)	1,682,594)	1,769,505)
Total Super Micro Computer, Inc. stockholders’ equity	1,972,005)	1,425,575)	1,096,225)	1,065,540)	941,015)	843,495)
Solvency Ratio
Financial leverage¹	1.86	2.25	2.05	1.80	1.79	2.10
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total assets²	3,512,157)	3,136,901)	2,181,267)	1,868,334)	1,667,846)	1,761,928)
Adjusted total stockholders’ equity³	2,128,905)	1,603,569)	1,250,881)	1,231,543)	1,123,409)	978,178)
Solvency Ratio
Adjusted financial leverage⁴	1.65	1.96	1.74	1.52	1.48	1.80

Based on: 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).

¹ 2023 Calculation
Financial leverage = Total assets ÷ Total Super Micro Computer, Inc. stockholders’ equity
= 3,674,729 ÷ 1,972,005 = 1.86

² Adjusted total assets. See details »

³ Adjusted total stockholders’ equity. See details »

⁴ 2023 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total stockholders’ equity
= 3,512,157 ÷ 2,128,905 = 1.65

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Solvency ratio	Description	The company
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Super Micro Computer Inc. adjusted financial leverage ratio increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Reported
Selected Financial Data (US$ in thousands)
Net income	639,998)	285,163)	111,865)	84,308)	71,918)	46,165)
Net sales	7,123,482)	5,196,099)	3,557,422)	3,339,281)	3,500,360)	3,360,492)
Profitability Ratio
Net profit margin¹	8.98%	5.49%	3.14%	2.52%	2.05%	1.37%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income²	618,654)	308,944)	101,117)	67,839)	118,051)	129,474)
Adjusted net sales³	7,194,069)	5,227,643)	3,555,970)	3,339,631)	3,555,499)	3,428,267)
Profitability Ratio
Adjusted net profit margin⁴	8.60%	5.91%	2.84%	2.03%	3.32%	3.78%

Based on: 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).

¹ 2023 Calculation
Net profit margin = 100 × Net income ÷ Net sales
= 100 × 639,998 ÷ 7,123,482 = 8.98%

² Adjusted net income. See details »

³ Adjusted net sales. See details »

⁴ 2023 Calculation
Adjusted net profit margin = 100 × Adjusted net income ÷ Adjusted net sales
= 100 × 618,654 ÷ 7,194,069 = 8.60%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Super Micro Computer Inc. adjusted net profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Reported
Selected Financial Data (US$ in thousands)
Net income	639,998)	285,163)	111,865)	84,308)	71,918)	46,165)
Total Super Micro Computer, Inc. stockholders’ equity	1,972,005)	1,425,575)	1,096,225)	1,065,540)	941,015)	843,495)
Profitability Ratio
ROE¹	32.45%	20.00%	10.20%	7.91%	7.64%	5.47%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income²	618,654)	308,944)	101,117)	67,839)	118,051)	129,474)
Adjusted total stockholders’ equity³	2,128,905)	1,603,569)	1,250,881)	1,231,543)	1,123,409)	978,178)
Profitability Ratio
Adjusted ROE⁴	29.06%	19.27%	8.08%	5.51%	10.51%	13.24%

Based on: 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).

¹ 2023 Calculation
ROE = 100 × Net income ÷ Total Super Micro Computer, Inc. stockholders’ equity
= 100 × 639,998 ÷ 1,972,005 = 32.45%

² Adjusted net income. See details »

³ Adjusted total stockholders’ equity. See details »

⁴ 2023 Calculation
Adjusted ROE = 100 × Adjusted net income ÷ Adjusted total stockholders’ equity
= 100 × 618,654 ÷ 2,128,905 = 29.06%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Super Micro Computer Inc. adjusted ROE improved from 2021 to 2022 and from 2022 to 2023.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Reported
Selected Financial Data (US$ in thousands)
Net income	639,998)	285,163)	111,865)	84,308)	71,918)	46,165)
Total assets	3,674,729)	3,205,077)	2,241,964)	1,918,646)	1,682,594)	1,769,505)
Profitability Ratio
ROA¹	17.42%	8.90%	4.99%	4.39%	4.27%	2.61%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income²	618,654)	308,944)	101,117)	67,839)	118,051)	129,474)
Adjusted total assets³	3,512,157)	3,136,901)	2,181,267)	1,868,334)	1,667,846)	1,761,928)
Profitability Ratio
Adjusted ROA⁴	17.61%	9.85%	4.64%	3.63%	7.08%	7.35%

Based on: 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).

¹ 2023 Calculation
ROA = 100 × Net income ÷ Total assets
= 100 × 639,998 ÷ 3,674,729 = 17.42%

² Adjusted net income. See details »

³ Adjusted total assets. See details »

⁴ 2023 Calculation
Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × 618,654 ÷ 3,512,157 = 17.61%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Super Micro Computer Inc. adjusted ROA improved from 2021 to 2022 and from 2022 to 2023.

Super Micro Computer Inc. (NASDAQ:SMCI)

Adjusted Financial Ratios

Adjusted Financial Ratios (Summary)

Super Micro Computer Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Adjusted Current Ratio

Adjusted Debt to Equity

Adjusted Debt to Capital

Adjusted Financial Leverage

Adjusted Net Profit Margin

Adjusted Return on Equity (ROE)

Adjusted Return on Assets (ROA)