Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Paying user area
Try for free
Super Micro Computer Inc. pages available for free this week:
- Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Geographic Areas
- Capital Asset Pricing Model (CAPM)
- Return on Assets (ROA) since 2007
- Total Asset Turnover since 2007
- Price to Earnings (P/E) since 2007
- Price to Sales (P/S) since 2007
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Super Micro Computer Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Long-term Activity Ratios (Summary)
Super Micro Computer Inc., long-term (investment) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30).
The long-term investment activity ratios demonstrate notable trends over the observed period. Generally, the ratios indicate increasing efficiency in asset utilization, particularly in the latter half of the analyzed timeframe. However, recent quarters suggest a potential stabilization or slight decline in some metrics.
- Net Fixed Asset Turnover
- The net fixed asset turnover ratio exhibits a consistent upward trend from 13.65 in September 2020 to a peak of 52.09 in March 2025. This indicates a significant improvement in the company’s ability to generate revenue from its fixed assets. The rate of increase accelerated after September 2022, suggesting enhanced operational efficiency or increased demand for the company’s products. A slight decrease is observed in the most recent two quarters, moving from 43.55 in June 2025 to 40.43 in September 2025, and then to 52.09 in December 2025, which warrants further investigation.
- Total Asset Turnover
- The total asset turnover ratio generally increased from 1.82 in September 2020 to 2.14 in June 2024, indicating improved efficiency in utilizing all assets to generate sales. However, the ratio experienced a decline beginning in September 2024, falling to 1.00 in December 2025. This decrease suggests a potential slowdown in sales relative to the company’s asset base, or a significant increase in assets without a corresponding increase in revenue. The initial period showed a more moderate increase, while the decline in the latter period is more pronounced.
- Equity Turnover
- The equity turnover ratio shows an overall increasing trend from 3.08 in September 2020 to 4.01 in March 2025. This suggests the company is becoming more effective at generating sales from its shareholders’ equity. Similar to the total asset turnover, a decrease is observed in the most recent quarters, with the ratio declining to 3.23 in September 2025 and then increasing to 4.01 in December 2025. This fluctuation requires further scrutiny to determine the underlying causes.
In summary, the company demonstrated improving asset utilization efficiency for much of the period. However, the recent declines in the total asset and equity turnover ratios, coupled with the fluctuating net fixed asset turnover, suggest a potential shift in performance that merits closer attention. The significant increase in net fixed asset turnover, while positive, should be examined in conjunction with the other ratios to understand its full impact on overall financial health.
Net Fixed Asset Turnover
Super Micro Computer Inc., net fixed asset turnover calculation (quarterly data)
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Net sales | |||||||||||||||||||||||||||||
| Property, plant and equipment, net | |||||||||||||||||||||||||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||
| Net fixed asset turnover1 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Apple Inc. | |||||||||||||||||||||||||||||
| Arista Networks Inc. | |||||||||||||||||||||||||||||
| Cisco Systems Inc. | |||||||||||||||||||||||||||||
| Dell Technologies Inc. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30).
1 Q2 2026 Calculation
Net fixed asset turnover
= (Net salesQ2 2026
+ Net salesQ1 2026
+ Net salesQ4 2025
+ Net salesQ3 2025)
÷ Property, plant and equipment, net
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The net fixed asset turnover ratio demonstrates a generally increasing trend over the observed period, indicating improving efficiency in utilizing fixed assets to generate sales. Initial values fluctuate between 12.74 and 13.65 from September 2020 to March 2021, suggesting a relatively stable level of asset utilization during that timeframe.
- Trend Analysis (Sep 2020 - Dec 2022)
- From June 2021 through December 2022, the ratio exhibits consistent growth, rising from 12.95 to 22.98. This substantial increase suggests a significant improvement in the company’s ability to generate revenue from its fixed asset base. The growth appears to accelerate in the latter half of this period, potentially indicating successful capital expenditure strategies or increased operational efficiency.
Following the peak in December 2022, a slight decrease to 22.67 is observed in March 2023. However, the ratio quickly recovers and continues its upward trajectory, reaching 31.14 by December 2023. This recovery suggests the dip was likely a temporary fluctuation and does not negate the overall positive trend.
- Accelerated Growth (Mar 2023 - Jun 2025)
- The period from March 2023 to June 2025 showcases particularly strong growth, with the ratio more than doubling from 22.67 to 52.09. This dramatic increase is likely attributable to a combination of factors, including substantial revenue growth and relatively stable net fixed assets. The ratio peaks at 52.09 in June 2025, representing the highest level of asset turnover observed throughout the analyzed period.
A slight decline is noted in the final two periods, with the ratio decreasing to 40.43 in September 2025 and 53.8584 in December 2025. While representing a decrease from the peak, the ratio remains significantly higher than the values recorded in the earlier periods, indicating continued strong asset utilization. The overall trend demonstrates a consistent and substantial improvement in the efficiency with which fixed assets are employed to generate sales.
- Overall Assessment
- The net fixed asset turnover ratio consistently increased over the analyzed period, demonstrating a positive trend in asset utilization. The most significant growth occurred between March 2023 and June 2025. While a slight decrease is observed in the final two periods, the ratio remains at a high level, suggesting continued operational efficiency.
Total Asset Turnover
Super Micro Computer Inc., total asset turnover calculation (quarterly data)
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Net sales | |||||||||||||||||||||||||||||
| Total assets | |||||||||||||||||||||||||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||
| Total asset turnover1 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Apple Inc. | |||||||||||||||||||||||||||||
| Arista Networks Inc. | |||||||||||||||||||||||||||||
| Cisco Systems Inc. | |||||||||||||||||||||||||||||
| Dell Technologies Inc. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30).
1 Q2 2026 Calculation
Total asset turnover
= (Net salesQ2 2026
+ Net salesQ1 2026
+ Net salesQ4 2025
+ Net salesQ3 2025)
÷ Total assets
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The total asset turnover ratio for the analyzed period demonstrates considerable fluctuation. Initially, the ratio exhibited a declining trend from 1.82 in September 2020 to 1.56 in December 2021. Subsequently, a period of relative stability and increase occurred, peaking at 2.16 in December 2022. Following this peak, the ratio experienced another period of decline, reaching a low of 1.00 in March 2025, before a slight recovery to 1.46 by December 2025.
- Initial Decline (Sep 2020 - Dec 2021)
- From September 2020 through December 2021, the total asset turnover ratio decreased from 1.82 to 1.56. This suggests a decreasing efficiency in utilizing assets to generate sales during this timeframe. The decline could be attributed to slower sales growth relative to asset growth, or potentially an increase in assets without a corresponding increase in sales.
- Recovery and Peak (Mar 2022 - Dec 2022)
- The ratio began to recover in March 2022, reaching a high of 2.16 by December 2022. This indicates improved asset utilization and a stronger relationship between asset levels and sales generation. The substantial increase suggests effective management of assets and a successful translation of asset investment into revenue.
- Subsequent Volatility (Mar 2023 - Dec 2025)
- Following the peak in December 2022, the ratio experienced significant volatility. It decreased to 1.71 in March 2023, then rose to 2.14 in September 2024, before sharply declining to 1.00 in March 2025 and recovering slightly to 1.46 in December 2025. This period suggests inconsistent asset utilization, potentially influenced by external economic factors, changes in company strategy, or significant fluctuations in sales. The dramatic drop in March 2025 warrants further investigation to determine the underlying causes.
- Long-Term Trend
- Over the entire analyzed period, there isn't a clear, consistent long-term trend. The ratio fluctuates considerably, indicating that the company's efficiency in utilizing assets to generate sales is subject to significant variation. The most recent values suggest a return towards levels observed in the earlier part of the period, but remain below the peak achieved in late 2022.
The observed fluctuations in the total asset turnover ratio suggest a dynamic relationship between asset investment and sales performance. Further investigation into the factors driving these changes, particularly the sharp decline in March 2025, is recommended to understand the underlying causes and inform future strategic decisions.
Equity Turnover
Super Micro Computer Inc., equity turnover calculation (quarterly data)
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Net sales | |||||||||||||||||||||||||||||
| Total Super Micro Computer, Inc. stockholders’ equity | |||||||||||||||||||||||||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||
| Equity turnover1 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Apple Inc. | |||||||||||||||||||||||||||||
| Arista Networks Inc. | |||||||||||||||||||||||||||||
| Cisco Systems Inc. | |||||||||||||||||||||||||||||
| Dell Technologies Inc. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30).
1 Q2 2026 Calculation
Equity turnover
= (Net salesQ2 2026
+ Net salesQ1 2026
+ Net salesQ4 2025
+ Net salesQ3 2025)
÷ Total Super Micro Computer, Inc. stockholders’ equity
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The equity turnover ratio for the analyzed period demonstrates a generally increasing trend, followed by a period of fluctuation and then a significant increase in the most recent quarters. Initially, the ratio exhibits modest growth, peaking in the first half of fiscal year 2023, before experiencing volatility and then a substantial surge towards the end of the observed timeframe.
- Initial Growth (Sep 30, 2020 – Jun 30, 2022)
- From September 30, 2020, to June 30, 2022, the equity turnover ratio increased from 3.08 to 3.64. This indicates a growing efficiency in utilizing shareholder equity to generate sales. The increases, while present, were relatively incremental, suggesting a steady but not dramatic improvement in operational performance relative to the equity base.
- Fluctuation and Decline (Sep 30, 2022 – Mar 31, 2023)
- The period between September 30, 2022, and March 31, 2023, saw a period of fluctuation. The ratio decreased from 3.70 to 3.61. This suggests a temporary slowdown in the rate at which sales are generated from equity, potentially due to seasonal factors or short-term market conditions.
- Subsequent Decline (Apr 30, 2023 – Dec 31, 2023)
- A more pronounced decline is observed from April 30, 2023, to December 31, 2023, with the ratio falling from 3.61 to 3.01. This decrease could be attributed to a slower growth in net sales compared to the growth in total stockholders’ equity, or potentially a decrease in net sales. The ratio continued to decline to 2.32 by March 31, 2024.
- Recent Surge (Jun 30, 2024 – Dec 31, 2025)
- The most recent quarters demonstrate a significant increase in the equity turnover ratio, rising from 2.77 on June 30, 2024, to 4.01 on December 31, 2025. This substantial increase indicates a considerable improvement in the efficiency of equity utilization, with a much higher level of sales being generated per dollar of equity. This is likely driven by the substantial increase in net sales observed during this period.
Overall, the equity turnover ratio suggests that the company has generally become more efficient in generating sales from its equity base over the analyzed period, with a particularly strong performance in the most recent quarters. The fluctuations observed during certain periods warrant further investigation to understand the underlying drivers of these changes.