Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Super Micro Computer Inc., long-term (investment) activity ratios
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).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Super Micro Computer Inc. net fixed asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Super Micro Computer Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 and from 2022 to 2023. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Super Micro Computer Inc. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Super Micro Computer Inc. equity turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Net Fixed Asset Turnover
Super Micro Computer Inc., net fixed asset turnover calculation, comparison to benchmarks
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| 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) | |
| Property, plant and equipment, net | 290,240) | 285,972) | 274,713) | 233,785) | 207,337) | 196,631) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 24.54 | 18.17 | 12.95 | 14.28 | 16.88 | 17.09 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Apple Inc. | 8.77 | 9.36 | 9.28 | 7.47 | 6.96 | 6.43 | |
| Arista Networks Inc. | 57.69 | 46.11 | 37.49 | 71.90 | 61.38 | — | |
| Cisco Systems Inc. | 27.34 | 25.82 | 21.31 | 20.10 | 18.61 | 16.41 | |
| Net Fixed Asset Turnover, Sector | |||||||
| Technology Hardware & Equipment | 9.81 | 10.24 | 10.02 | 8.34 | 7.87 | — | |
| Net Fixed Asset Turnover, Industry | |||||||
| Information Technology | 3.51 | 4.14 | 4.44 | 4.23 | 4.27 | — | |
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 fixed asset turnover = Net sales ÷ Property, plant and equipment, net
= 7,123,482 ÷ 290,240 = 24.54
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Super Micro Computer Inc. net fixed asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Super Micro Computer Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| 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) | |
| Property, plant and equipment, net | 290,240) | 285,972) | 274,713) | 233,785) | 207,337) | 196,631) | |
| Operating lease right-of-use asset (included in Other assets) | 19,160) | 23,679) | 20,047) | 23,784) | —) | —) | |
| Property, plant and equipment, net (including operating lease, right-of-use asset) | 309,400) | 309,651) | 294,760) | 257,569) | 207,337) | 196,631) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 23.02 | 16.78 | 12.07 | 12.96 | 16.88 | 17.09 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
| Apple Inc. | 7.05 | 7.51 | 7.39 | 6.06 | 6.96 | 6.43 | |
| Arista Networks Inc. | 37.21 | 29.52 | 20.50 | 21.16 | 18.98 | — | |
| Cisco Systems Inc. | 18.65 | 17.19 | 14.51 | 14.61 | 18.61 | 16.41 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Technology Hardware & Equipment | 7.83 | 8.13 | 7.91 | 6.71 | 7.85 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Information Technology | 3.08 | 3.59 | 3.79 | 3.60 | 3.99 | — | |
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 fixed asset turnover (including operating lease, right-of-use asset) = Net sales ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 7,123,482 ÷ 309,400 = 23.02
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Super Micro Computer Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 and from 2022 to 2023. |
Total Asset Turnover
Super Micro Computer Inc., total asset turnover calculation, comparison to benchmarks
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| 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) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 1.94 | 1.62 | 1.59 | 1.74 | 2.08 | 1.90 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Apple Inc. | 1.09 | 1.12 | 1.04 | 0.85 | 0.77 | 0.73 | |
| Arista Networks Inc. | 0.59 | 0.65 | 0.51 | 0.49 | 0.58 | — | |
| Cisco Systems Inc. | 0.56 | 0.55 | 0.51 | 0.52 | 0.53 | 0.45 | |
| Total Asset Turnover, Sector | |||||||
| Technology Hardware & Equipment | 0.97 | 1.00 | 0.92 | 0.77 | 0.72 | — | |
| Total Asset Turnover, Industry | |||||||
| Information Technology | 0.59 | 0.63 | 0.61 | 0.57 | 0.58 | — | |
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 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Super Micro Computer Inc. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Equity Turnover
Super Micro Computer Inc., equity turnover calculation, comparison to benchmarks
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| 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 Super Micro Computer, Inc. stockholders’ equity | 1,972,005) | 1,425,575) | 1,096,225) | 1,065,540) | 941,015) | 843,495) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 3.61 | 3.64 | 3.25 | 3.13 | 3.72 | 3.98 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Apple Inc. | 6.17 | 7.78 | 5.80 | 4.20 | 2.88 | 2.48 | |
| Arista Networks Inc. | 0.81 | 0.90 | 0.74 | 0.70 | 0.83 | — | |
| Cisco Systems Inc. | 1.29 | 1.30 | 1.21 | 1.30 | 1.55 | 1.14 | |
| Equity Turnover, Sector | |||||||
| Technology Hardware & Equipment | 3.92 | 4.71 | 3.86 | 3.06 | 2.49 | — | |
| Equity Turnover, Industry | |||||||
| Information Technology | 1.44 | 1.61 | 1.67 | 1.65 | 1.65 | — | |
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
Equity turnover = Net sales ÷ Total Super Micro Computer, Inc. stockholders’ equity
= 7,123,482 ÷ 1,972,005 = 3.61
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Super Micro Computer Inc. equity turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |