Stock Analysis on Net

Super Micro Computer Inc. (NASDAQ:SMCI)

Analysis of Geographic Areas 

Microsoft Excel

Area Asset Turnover

Super Micro Computer Inc., asset turnover by geographic area

Microsoft Excel
Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020
United States 41.60 36.14 26.35 16.79 11.70 10.95
Asia 33.17 22.47 10.10 11.15 7.63 12.61
Europe 108.61 514.29 376.94 286.03 209.84 177.72

Based on: 10-K (reporting date: 2025-06-30), 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).


United States
The asset turnover ratio in the United States has exhibited a consistent and notable upward trend over the analyzed period. Beginning at 10.95 in mid-2020, the ratio increased steadily each year, reaching 41.6 by mid-2025. This indicates an improving efficiency in the use of assets to generate revenue in this region, with the most pronounced growth occurring after mid-2021.
Asia
The asset turnover ratio in Asia shows more volatility compared to the United States. Starting at 12.61 in mid-2020, it declined sharply to 7.63 by mid-2021. Afterward, it experienced fluctuation, rising to 11.15 in mid-2022, followed by a slight decrease to 10.1 in mid-2023. From mid-2023 onwards, there was a significant increase, with the ratio reaching 33.17 by mid-2025. This pattern suggests periods of both decreased and enhanced asset utilization efficiency before a substantial improvement towards the end of the span.
Europe
Europe's asset turnover ratio was exceptionally high throughout most of the period, starting at 177.72 in mid-2020 and escalating sharply to a peak of 514.29 by mid-2024. This indicates an extraordinary ability to generate revenue from assets during these years. However, there is a notable decline in mid-2025, where the ratio dropped to 108.61. Despite the decrease, the value remains substantially higher than in the other regions, though the sudden drop in the final year suggests a potential shift or challenge impacting asset efficiency in Europe.

Area Asset Turnover: United States

Super Micro Computer Inc.; United States; area asset turnover calculation

Microsoft Excel
Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020
Selected Financial Data (US$ in thousands)
International net sales 13,052,563 10,187,331 4,834,061 3,035,523 2,107,910 1,957,329
Long-lived assets 313,739 281,874 183,485 180,846 180,143 178,812
Area Activity Ratio
Area asset turnover1 41.60 36.14 26.35 16.79 11.70 10.95

Based on: 10-K (reporting date: 2025-06-30), 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).

1 2025 Calculation
Area asset turnover = International net sales ÷ Long-lived assets
= 13,052,563 ÷ 313,739 = 41.60


The data reveals significant developments in key financial indicators over the observed periods. A focused analysis of international net sales, long-lived assets, and area asset turnover provides insights into operational performance and asset utilization efficiency within the United States geographic area.

International Net Sales
There is a pronounced upward trend in international net sales, increasing consistently each year. Starting at approximately 1.96 billion US dollars in mid-2020, the sales nearly doubled by mid-2023, reaching around 4.83 billion. A sharp acceleration is observed from mid-2023 onwards, culminating in a substantial increase to over 10.18 billion by mid-2024 and further to approximately 13.05 billion by mid-2025. This rapid growth suggests strong market demand and successful expansion strategies within the international segment.
Long-lived Assets
Long-lived assets exhibit relative stability in the early years, maintaining values near 180 million US dollars from mid-2020 through mid-2023. However, a significant increase occurs starting mid-2024, with asset values rising to approximately 281.9 million and continuing higher to about 313.7 million by mid-2025. This jump indicates increased capital investment or asset acquisitions, potentially to support expanding operations aligned with the surge in net sales.
Area Asset Turnover
The area asset turnover ratio, which measures efficiency in utilizing assets to generate sales, demonstrates a strong upward trajectory throughout the period. The ratio grew from 10.95 in mid-2020 to a peak of 41.6 by mid-2025. Notable acceleration occurs after mid-2021, with particularly rapid increases from mid-2022 onward. This rising efficiency implies enhanced management performance in deploying assets to produce revenue, possibly reflecting improved operational processes or more effective use of newly acquired assets.

In summary, the United States geographic area shows robust growth in international net sales accompanied by significant increases in long-lived assets starting in mid-2024. The marked improvement in area asset turnover ratio throughout the entire period highlights superior asset utilization. Collectively, these trends suggest a strong expansion phase supported by strategic capital investments and operational efficiency gains.


Area Asset Turnover: Asia

Super Micro Computer Inc.; Asia; area asset turnover calculation

Microsoft Excel
Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020
Selected Financial Data (US$ in thousands)
International net sales 5,494,147 2,912,570 1,050,837 1,139,898 699,653 650,652
Long-lived assets 165,640 129,618 104,094 102,241 91,640 51,605
Area Activity Ratio
Area asset turnover1 33.17 22.47 10.10 11.15 7.63 12.61

Based on: 10-K (reporting date: 2025-06-30), 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).

1 2025 Calculation
Area asset turnover = International net sales ÷ Long-lived assets
= 5,494,147 ÷ 165,640 = 33.17


International Net Sales

The international net sales exhibited a generally upward trajectory over the analyzed periods. Starting at $650.7 million in mid-2020, the sales increased moderately to approximately $700 million by mid-2021. A more pronounced rise occurred from mid-2021 to mid-2022, reaching nearly $1.14 billion. Despite a slight decline in mid-2023 to about $1.05 billion, there was a substantial surge in subsequent years, with net sales more than doubling by mid-2024 to approximately $2.91 billion and again almost doubling by mid-2025, achieving roughly $5.49 billion. This indicates strong and accelerating growth in the Asia geographic area's sales generation capabilities, especially in the most recent two years.

Long-Lived Assets

Long-lived assets also showed a steady increase from $51.6 million in mid-2020 to $91.6 million in mid-2021, marking nearly a doubling within one year. Growth continued at a slower rate through mid-2023, reaching $104.1 million, followed by a more significant rise to $129.6 million by mid-2024. By mid-2025, long-lived assets further expanded to $165.6 million. This upward trend indicates ongoing investment or asset retention in the region, supporting increased sales activity and possibly reflecting capacity expansion or infrastructure enhancements.

Area Asset Turnover

The area asset turnover ratio, representing the efficiency in utilizing assets to generate sales, displayed notable volatility. Initially, the ratio was high at 12.61 in mid-2020 but dropped sharply to 7.63 in mid-2021. It then recovered to 11.15 in mid-2022 and slightly declined to 10.1 in mid-2023. Significant improvements occurred thereafter, with the ratio rising sharply to 22.47 by mid-2024 and further accelerating to 33.17 in mid-2025. This pattern suggests improved asset utilization efficiency over time, particularly in the last two years where the company achieved substantially higher sales per unit of asset, likely driven by both increased sales volume and controlled asset base growth.


Area Asset Turnover: Europe

Super Micro Computer Inc.; Europe; area asset turnover calculation

Microsoft Excel
Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020
Selected Financial Data (US$ in thousands)
International net sales 2,726,994 1,293,959 1,003,046 825,200 614,826 598,558
Long-lived assets 25,109 2,516 2,661 2,885 2,930 3,368
Area Activity Ratio
Area asset turnover1 108.61 514.29 376.94 286.03 209.84 177.72

Based on: 10-K (reporting date: 2025-06-30), 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).

1 2025 Calculation
Area asset turnover = International net sales ÷ Long-lived assets
= 2,726,994 ÷ 25,109 = 108.61


The data reveals significant developments in key financial metrics for the Europe geographic area over the observed periods.

International Net Sales
There is a clear upward trend in international net sales, reflecting substantial growth. Starting at approximately $598.6 million in 2020, sales increased steadily each year, reaching nearly $2.73 billion by 2025. The rate of growth accelerated notably between 2024 and 2025, suggesting a period of rapid expansion in this market.
Long-Lived Assets
Long-lived assets show a more fluctuating pattern. From 2020 to 2024, there was a gradual decline from $3.37 million to around $2.52 million, indicating possible asset disposals or depreciation outpacing asset acquisition. However, a sharp increase is observed in 2025, where the value jumps significantly to about $25.11 million, implying a major investment or asset acquisition occurred in that year.
Area Asset Turnover
The area asset turnover ratio exhibits considerable volatility. It rises consistently and markedly between 2020 and 2024, moving from 177.72 to 514.29, showing improved efficiency in generating sales from assets over this period. However, in 2025, the ratio declines substantially to 108.61, which could be attributed to the large increase in assets that year, suggesting that asset utilization has temporarily decreased despite higher asset levels.

Overall, the data indicates robust sales growth accompanied by strategic asset management, including significant asset investments in the final year observed. The declining asset turnover in 2025 points to a transitional phase where the company is potentially scaling its asset base to support future revenue increases.


International net sales

Super Micro Computer Inc., international net sales by geographic area

US$ in thousands

Microsoft Excel
Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020
United States 13,052,563 10,187,331 4,834,061 3,035,523 2,107,910 1,957,329
Asia 5,494,147 2,912,570 1,050,837 1,139,898 699,653 650,652
Europe 2,726,994 1,293,959 1,003,046 825,200 614,826 598,558
Other 698,338 595,391 235,538 195,478 135,033 132,742
Total 21,972,042 14,989,251 7,123,482 5,196,099 3,557,422 3,339,281

Based on: 10-K (reporting date: 2025-06-30), 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).


Overall Sales Growth
The total international net sales demonstrated a consistent and substantial upward trend over the six-year period. Starting at approximately $3.34 billion in 2020, total sales more than doubled by 2023 and reached over $21.97 billion by 2025, indicating strong and accelerating growth across all geographic regions.
United States Sales Trend
Sales in the United States showed significant increases each year, beginning at about $1.96 billion in 2020 and surpassing $13 billion by 2025. Growth was particularly pronounced from 2022 onward, with the sales more than quadrupling between 2023 and 2025. This region remained the dominant contributor to total sales throughout the period.
Asia Sales Trend
Sales in Asia increased steadily from $651 million in 2020 to nearly $5.49 billion in 2025. The growth was relatively moderate between 2020 and 2023 but accelerated substantially starting in 2024. This suggests increased market penetration or demand growth in Asian markets during the latter years.
Europe Sales Trend
Europe's sales increased gradually over the six years, from about $599 million in 2020 to nearly $2.73 billion in 2025. Growth was somewhat steady but less steep compared to the United States and Asia. The region showed a particularly noticeable increase between 2023 and 2025.
Other Regions Sales Trend
Sales in the Other category were the smallest throughout the period but also experienced consistent growth, moving from approximately $133 million in 2020 to nearly $700 million in 2025. The increase became more significant after 2022, indicating expanding opportunities or markets outside the main regions.
Relative Contributions and Patterns
The United States consistently accounted for the largest share of international net sales, followed by Asia and Europe, with Other regions contributing the least. However, the rate of growth in Asia and Europe after 2023 suggests these markets are gaining importance. The rapid increase between 2023 and 2025 across all regions points to an overall acceleration in company sales performance internationally.

Long-lived assets

Super Micro Computer Inc., long-lived assets by geographic area

US$ in thousands

Microsoft Excel
Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020
United States 313,739 281,874 183,485 180,846 180,143 178,812
Asia 165,640 129,618 104,094 102,241 91,640 51,605
Europe 25,109 2,516 2,661 2,885 2,930 3,368
Total 504,488 414,008 290,240 285,972 274,713 233,785

Based on: 10-K (reporting date: 2025-06-30), 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).


United States
The long-lived assets located in the United States show a steady increase from June 30, 2020, to June 30, 2023, rising from $178.8 million to $183.5 million. Starting in 2024, there is a significant acceleration in growth, with assets increasing sharply to $281.9 million and then to $313.7 million by mid-2025. This indicates a pronounced investment or asset accumulation trend in the U.S. during the latter periods.
Asia
Asset values in Asia have experienced consistent growth throughout the entire period under review. From $51.6 million in mid-2020, the values increased markedly year-over-year, reaching $165.6 million by mid-2025. The rate of growth is notable, especially between 2020 and 2021, and continues steadily through subsequent years, suggesting an expanding asset base in the Asian region.
Europe
European long-lived assets demonstrate a different pattern compared to the Americas and Asia. Initial values decline from $3.4 million in 2020 to approximately $2.5 million in 2024, indicating a gradual reduction or divestment of assets over this period. However, there is a sharp increase to $25.1 million in 2025, which may suggest a new strategic investment or acquisition occurring in the most recent year.
Total
The overall long-lived asset base shows a clear upward trajectory, increasing from $233.8 million in 2020 to $290.2 million in 2023. Subsequently, there is a pronounced jump to $414.0 million in 2024 and a further rise to $504.5 million by mid-2025. This substantial growth is primarily driven by significant increases in the United States and Asia, with the spike in Europe in 2025 also contributing to the total.
Summary
Over the six-year span, the data reveals strong asset growth predominantly in the United States and Asia, reflecting possible strategic expansions or capital investments in these regions. Europe presents a decreasing trend for most of the period, followed by a notable rebound in the final year. The overall trend is indicative of an expanding and geographically diversified asset base, with pronounced increases observed particularly from 2023 onward.