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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- Cash Flow Statement
- Common-Size Income Statement
- Analysis of Geographic Areas
- Enterprise Value to FCFF (EV/FCFF)
- Selected Financial Data since 2007
- Net Profit Margin since 2007
- Return on Equity (ROE) since 2007
- Current Ratio since 2007
- Total Asset Turnover since 2007
- Price to Book Value (P/BV) since 2007
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Long-term Activity Ratios (Summary)
Super Micro Computer Inc., long-term (investment) activity ratios (quarterly data)
Based on: 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).
- Net Fixed Asset Turnover
- The net fixed asset turnover ratio demonstrates a generally upward trend over the observed period. Starting at 13.65 in September 2020, it experienced some fluctuations but maintained strong growth, reaching a peak of 43.79 by September 2025. Notably, there was significant acceleration from late 2022 into 2025. Despite a minor decline in the last recorded quarter (September 2025) to 40.43, the overall progression indicates increasing efficiency in utilizing fixed assets to generate revenue.
- Total Asset Turnover
- The total asset turnover ratio displays a more variable pattern. It began at 1.82 in September 2020 and showed a gradual decline through to March 2022, reaching a low of 1.51. From that point onward, the ratio saw a recovery phase, peaking at 2.16 in December 2022. Subsequently, it has exhibited some volatility but generally remained above 1.5. This suggests moderate improvements with intermittent fluctuations in how effectively total assets are employed to generate sales.
- Equity Turnover
- The equity turnover ratio shows a moderate increase in the early phase, starting at 3.08 in September 2020 and rising steadily through to September 2022, where it approached 3.7. After this peak, the ratio experienced a decline, bottoming out at 2.32 in March 2024. Following this trough, there was a recovery trend, bringing the ratio back up to 3.49 by September 2025. The equity turnover's fluctuations indicate changes in the company’s ability to efficiently utilize shareholder equity over time, with periods of both enhanced and reduced turnover.
Net Fixed Asset Turnover
Super Micro Computer Inc., net fixed asset turnover calculation (quarterly data)
| 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: 2025-09-30), 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 Q1 2026 Calculation
Net fixed asset turnover
= (Net salesQ1 2026
+ Net salesQ4 2025
+ Net salesQ3 2025
+ Net salesQ2 2025)
÷ Property, plant and equipment, net
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The quarterly financial data reveals several key trends in the company's sales performance, asset utilization, and capital investment over the observed periods.
- Net Sales
- Net sales increased steadily from approximately $762 million in late 2020 to a peak of about $5.9 billion by the third quarter of 2024. This indicates robust growth and expansion over the timeframe. However, some fluctuations are evident, such as a notable dip in the first quarter of 2023 with sales decreasing to around $1.28 billion, followed by a strong recovery and continued growth thereafter. The sales figures suggest the company experienced seasonal or cyclical effects alongside its overall positive sales trajectory.
- Property, Plant, and Equipment (PP&E), Net
- The net value of property, plant, and equipment exhibits a steady upward trend, rising from about $242 million in the third quarter of 2020 to over $520 million by the end of 2025. This gradual increase reflects ongoing investment in the company’s fixed assets, likely to support its expanding operations and growing sales volume. The consistency of growth in PP&E suggests a strategic approach to capital expenditure aligned with business expansion.
- Net Fixed Asset Turnover Ratio
- The net fixed asset turnover ratio, which measures the efficiency in utilizing fixed assets to generate sales, shows a positive and notable increase from approximately 13.65 in late 2020 to a peak near 44 by mid-2025. This rising ratio indicates improving asset efficiency, meaning the company is generating progressively more sales per dollar invested in fixed assets. Peaks in this ratio coincide with periods of accelerated sales growth, reinforcing the interpretation that asset utilization has become more effective over time.
Overall, the data suggests a company that is growing its sales substantially while increasing investment in fixed assets at a measured pace. The accelerating net fixed asset turnover ratio highlights improvements in operational efficiency and asset management, contributing positively to the company’s financial performance.
Total Asset Turnover
Super Micro Computer Inc., total asset turnover calculation (quarterly data)
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ 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: 2025-09-30), 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 Q1 2026 Calculation
Total asset turnover
= (Net salesQ1 2026
+ Net salesQ4 2025
+ Net salesQ3 2025
+ Net salesQ2 2025)
÷ Total assets
= ( + + + )
÷ =
2 Click competitor name to see calculations.
- Net Sales
-
The company’s net sales demonstrated a generally upward trajectory over the analyzed periods, increasing significantly from approximately 762 million USD at the end of Q3 2020 to a peak above 5.9 billion USD by mid-2025. This growth, however, was not uniform; there were noticeable fluctuations, including a substantial dip observed around Q1 2023 where sales dropped to approximately 1.28 billion USD. Recovery was swift post this period, with sales surging to over 3.6 billion USD by Q4 2023 and continuing to rise, albeit with occasional volatility towards the latter quarters of the dataset.
- Total Assets
-
Total assets exhibited a strong upward trend, expanding from roughly 1.8 billion USD in late 2020 to nearly 14.4 billion USD by Q3 2025. The asset base grew steadily through 2021 and 2022, with a marked acceleration in growth beginning around early 2023. Some fluctuations were present towards the later periods, yet the overall pattern shows aggressive capital expansion, which may indicate increased investment in operational capacity or acquisitions to support the company’s expanding activities.
- Total Asset Turnover
-
The total asset turnover ratio revealed variability, starting at a high 1.82 in Q3 2020, then generally declining to a low point around 1.33 by Q1 2024. This trend suggests that while assets increased substantially, their efficiency in generating sales did not keep pace initially. However, from mid-2024 onward, turnover ratios improved, reaching above 2.0 in several quarters, indicating a regained efficiency in asset utilization despite the large asset base. Fluctuations in asset turnover suggest periods of both increased operational efficiency and phases where asset growth outpaced revenue generation.
- Summary
-
The company demonstrated significant expansion in both sales and total assets over the period under review, underlining aggressive growth initiatives. The net sales growth, while substantial, was punctuated by periods of volatility, notably around early 2023. Asset growth was more consistently upward, suggesting continued investment in capacity. The total asset turnover ratio initially declined as assets expanded faster than sales but later showed recovery, reflecting improved operational efficiency. Overall, the data points to a growth phase accompanied by strategic asset accumulation, with evolving efficiency trends as the company scales its operations.
Equity Turnover
Super Micro Computer Inc., equity turnover calculation (quarterly data)
| 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: 2025-09-30), 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 Q1 2026 Calculation
Equity turnover
= (Net salesQ1 2026
+ Net salesQ4 2025
+ Net salesQ3 2025
+ Net salesQ2 2025)
÷ Total Super Micro Computer, Inc. stockholders’ equity
= ( + + + )
÷ =
2 Click competitor name to see calculations.
- Net Sales
- Net sales exhibited a generally upward trend from September 2020 through June 2025, with some fluctuations. The sales increased significantly from approximately 762 million to over 5.9 billion US dollars, peaking notably in the periods ending June and September 2024. However, a considerable drop is observed in the first and third quarters of 2025, indicating volatility or potential seasonality in revenue streams.
- Total Stockholders’ Equity
- Stockholders’ equity steadily increased throughout the entire period, growing from about 1.07 billion US dollars at September 2020 to over 6.5 billion by September 2025. The growth curve appears fairly consistent, with noticeable acceleration from late 2023 onwards, suggesting the company retained a substantial amount of earnings or raised additional equity capital during these later periods.
- Equity Turnover Ratio
- The equity turnover ratio started around 3.08 in September 2020, slightly increasing to a peak of roughly 3.72 by March 2023. Thereafter, it declined considerably to 2.32 in March 2024, before gradually recovering to about 3.49 in June 2025. This pattern reflects fluctuations in efficiency with which equity was used to generate sales; the dip in early 2024 could indicate a period when the company’s equity base grew disproportionately to sales, leading to a temporary reduction in turnover efficiency.
- Summary of Trends and Insights
- The data suggests robust growth in overall operations, reflected in substantial increases in net sales and stockholders’ equity over the analyzed period. The equity turnover ratio’s volatility highlights phases where growth in equity outpaced sales growth temporarily, possibly due to reinvestment strategies or capital raising efforts. Despite occasional setbacks in sales figures in 2025, the company maintained a strong equity base and improved sales levels compared to the start of the period. These observations imply sustained expansion efforts with some variability in operational efficiency.