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.
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- Analysis of Geographic Areas
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Long-term Activity Ratios (Summary)
Super Micro Computer Inc., long-term (investment) activity ratios (quarterly data)
Based on: 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), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30).
The analysis of the reported financial ratios over the reviewed quarters reveals various trends in the operational efficiency and asset utilization of the company.
- Net Fixed Asset Turnover
- The net fixed asset turnover ratio, which indicates how efficiently fixed assets generate sales, shows a clear upward trend starting from the value of 14.28 at the earliest available quarter. This ratio steadily increases, with minor fluctuations, reaching a peak of 43.79 before a slight decline to 43.55 in the latest periods. The significant rise suggests that the company has progressively enhanced the utilization of its fixed assets to generate revenue, more than tripling the turnover rate over the observed timeline.
- Total Asset Turnover
- Total asset turnover, reflecting the overall efficiency in using assets to produce sales, exhibits more variability. It starts around 1.74, slightly rises to a peak of 2.16 in a mid-period quarter, and then fluctuates downward to approximately 1.33 before recovering to 2.14 and then dipping again toward 1.57 in the concluding periods. This suggests some periods of less efficient asset use, interspersed with recoveries, which may indicate changing operational conditions or asset base adjustments.
- Equity Turnover
- Equity turnover, which measures the ability to generate sales from shareholders' equity, initially shows a slight decline from 3.13 to just above 3 in the earlier quarters, followed by an increase up to 3.72. Subsequently, it trends downward to a low near 2.32, before climbing back to a value around 3.49 toward the end of the dataset. This pattern indicates fluctuating effectiveness in leveraging equity for sales generation, with periods of higher and lower capital efficiency.
Overall, the company demonstrates a strong and improving capacity to maximize fixed asset productivity. In contrast, total asset and equity turnover ratios reveal more volatility, implying variable operational efficiency in broader asset use and equity application over time.
Net Fixed Asset Turnover
Super Micro Computer Inc., net fixed asset turnover calculation (quarterly data)
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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-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), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30).
1 Q4 2025 Calculation
Net fixed asset turnover
= (Net salesQ4 2025
+ Net salesQ3 2025
+ Net salesQ2 2025
+ Net salesQ1 2025)
÷ Property, plant and equipment, net
= ( + + + )
÷ =
2 Click competitor name to see calculations.
An analysis of the financial data reveals several notable trends in sales performance, asset management, and operational efficiency over the observed periods.
- Net Sales
- The net sales exhibit a generally upward trajectory with fluctuations across the quarters. Starting at approximately $799.8 million in September 2019, sales increased modestly into late 2019 and early 2020, although there was a dip in the March 2020 quarter to $772.4 million. Following that period, net sales showed recovery and steady growth, surpassing the $1 billion mark by the third quarter of 2021. Notably, a sharp rise is observed toward the end of the series, with sales peaking at over $5.9 billion by December 2024. Some volatility appears in the last few reported quarters, with a minor decline in mid-2025 but remaining significantly higher than earlier years. This pattern suggests strong market demand and possible expansion initiatives or improved sales strategies.
- Property, Plant and Equipment, Net
- The net value of property, plant, and equipment (PP&E) shows a consistent increase over the period. Beginning at about $212.5 million in September 2019, this asset category grew steadily, reaching approximately $504.5 million by June 2025. This consistent increase indicates continuous investment in fixed assets, likely to support production capacity or technological upgrades. Slight dips or plateaus in asset values are minimal and temporary, reflecting effective asset management without significant disposals or impairments.
- Net Fixed Asset Turnover
- The ratio of net fixed asset turnover, which measures how efficiently the company utilizes its fixed assets to generate sales, presents a significant upward trend starting from June 2020. Initial values around 14 times turnover gradually increased to over 43 times by the end of the dataset in mid-2025. This sharp improvement implies enhanced asset utilization, where each dollar invested in fixed assets is generating increasingly greater sales revenue over time. This efficiency gain may result from higher production, better capacity utilization, or improvements in operational processes.
Overall, the data indicate a robust growth in sales accompanied by strategic capital investments in property, plant, and equipment. The company's efficiency in using its fixed assets to drive sales has improved markedly, reflecting strengthened operational effectiveness. The combination of rising sales and improved asset turnover suggests an underlying positive performance trend and potentially effective management decisions aimed at scaling operations and improving profitability.
Total Asset Turnover
Super Micro Computer Inc., total asset turnover calculation (quarterly data)
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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-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), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30).
1 Q4 2025 Calculation
Total asset turnover
= (Net salesQ4 2025
+ Net salesQ3 2025
+ Net salesQ2 2025
+ Net salesQ1 2025)
÷ Total assets
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The financial data reveals several notable trends in operational efficiency and asset management over the analyzed periods.
- Net Sales
- Net sales figures exhibit a generally increasing trend over the quarters, with fluctuations characteristic of seasonal or market-driven variances. Starting around 799,804 thousand US dollars, the sales peaked sharply in the most recent quarters, surpassing 5,930,000 thousand US dollars at their highest point. This significant growth in sales volume over time indicates robust business expansion or increased demand for products and services. However, some quarters show temporary dips, suggesting possible cyclical factors or market challenges impacting sales performance.
- Total Assets
- Total assets also show a notable upward trajectory, increasing from approximately 1,701,273 thousand US dollars to over 14,018,429 thousand US dollars by the latest period. This substantial growth could reflect considerable investments in property, equipment, or acquisitions, supporting the sales expansion. There are periods of consolidation or slight declines, but the overall trend points towards an aggressive asset base build-up consistent with scaling operations.
- Total Asset Turnover Ratio
- The total asset turnover ratio, which measures sales generated per unit of asset, varies over time but generally remains above 1.5 in most quarters, with occasional peaks exceeding 2.0. This ratio indicates moderate to strong efficiency in utilizing assets to generate sales. Periods of higher turnover ratios correspond to times of increased sales relative to asset size, highlighting effective asset use. Conversely, some recent declines may suggest asset base growth outpacing sales improvements, signaling potential areas for enhanced asset utilization or efficiency management.
Overall, the data suggests the company has experienced significant growth in sales and assets over the analyzed quarters, with generally effective asset utilization. The fluctuations in asset turnover merit attention to maintain or improve operational efficiency as the asset base expands. Monitoring these dynamics will be crucial for sustaining profitability and optimizing resource deployment.
Equity Turnover
Super Micro Computer Inc., equity turnover calculation (quarterly data)
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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-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), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30).
1 Q4 2025 Calculation
Equity turnover
= (Net salesQ4 2025
+ Net salesQ3 2025
+ Net salesQ2 2025
+ Net salesQ1 2025)
÷ Total Super Micro Computer, Inc. stockholders’ equity
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The financial data reveals several notable trends and fluctuations across the periods analyzed, focusing on sales performance, equity base, and efficiency indicators.
- Net Sales
- Net sales display a cyclical pattern with significant growth over the long term. Initially, sales fluctuate moderately within the 700,000 to 1,000,000 thousand USD range through early 2021. Starting mid-2021, there is a marked upward trajectory with revenues growing markedly to exceed 5,000,000 thousand USD by late 2024. Despite some short-term reductions, such as the decline around early 2023 and late 2024, the overall trend demonstrates strong expansion, indicating robust demand and effective sales strategies in later periods.
- Total Stockholders’ Equity
- Equity shows a consistent upward trend from 2019 to 2025. The stockholders' equity rises steadily from approximately 970,000 thousand USD in late 2019 to over 6,000,000 thousand USD by 2025, signifying healthy retained earnings or additional capital infusions. This substantial growth in equity supports the observed increase in net sales and suggests solid financial stability and investor confidence throughout the period.
- Equity Turnover Ratio
- The equity turnover ratio, which began recording values from mid-2020, generally indicates efficient utilization of equity to generate sales. Starting around 3.13, this ratio experiences a gradual increase, peaking near 3.7 in early 2023. However, it declines significantly to a low of approximately 2.32 by mid-2024, coinciding with the period of rapid equity growth, suggesting that sales growth did not keep pace with equity increases during that time. Toward the latest periods, the ratio shows a recovery climbing back to 3.49, implying enhanced efficiency in generating revenue from the equity base once again.
In summary, the company exhibits a pattern of strong sales growth supported by an expanding equity base. The efficiency of equity usage, as measured by the turnover ratio, experienced some fluctuations, especially a dip during the phase of accelerated equity increase. Nonetheless, the recovery of this ratio toward the end of the period indicates an improving balance between capital employed and sales generated, reflecting positively on operational performance and capital management.