Super Micro Computer Inc., adjustment to net income

US$ in thousands

12 months ended:	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Net income (as reported)	639,998)	285,163)	111,865)	84,308)	71,918)	46,165)
Add: Net changes in unrealized loss on investments	—)	—)	—)	—)	—)	(38)
Net income (adjusted)	639,998)	285,163)	111,865)	84,308)	71,918)	46,127)

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Super Micro Computer Inc., adjusted profitability ratios

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Net Profit Margin
Reported net profit margin	8.98%	5.49%	3.14%	2.52%	2.05%	1.37%
Adjusted net profit margin	8.98%	5.49%	3.14%	2.52%	2.05%	1.37%
Return on Equity (ROE)
Reported ROE	32.45%	20.00%	10.20%	7.91%	7.64%	5.47%
Adjusted ROE	32.45%	20.00%	10.20%	7.91%	7.64%	5.47%
Return on Assets (ROA)
Reported ROA	17.42%	8.90%	4.99%	4.39%	4.27%	2.61%
Adjusted ROA	17.42%	8.90%	4.99%	4.39%	4.27%	2.61%

Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by revenue.	Super Micro Computer Inc. adjusted net profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by shareholders’ equity.	Super Micro Computer Inc. adjusted ROE improved from 2021 to 2022 and from 2022 to 2023.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by total assets.	Super Micro Computer Inc. adjusted ROA improved from 2021 to 2022 and from 2022 to 2023.

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	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
As Reported
Selected Financial Data (US$ in thousands)
Net income	639,998)	285,163)	111,865)	84,308)	71,918)	46,165)
Net sales	7,123,482)	5,196,099)	3,557,422)	3,339,281)	3,500,360)	3,360,492)
Profitability Ratio
Net profit margin¹	8.98%	5.49%	3.14%	2.52%	2.05%	1.37%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income	639,998)	285,163)	111,865)	84,308)	71,918)	46,127)
Net sales	7,123,482)	5,196,099)	3,557,422)	3,339,281)	3,500,360)	3,360,492)
Profitability Ratio
Adjusted net profit margin²	8.98%	5.49%	3.14%	2.52%	2.05%	1.37%

2023 Calculations

¹ Net profit margin = 100 × Net income ÷ Net sales
= 100 × 639,998 ÷ 7,123,482 = 8.98%

² Adjusted net profit margin = 100 × Adjusted net income ÷ Net sales
= 100 × 639,998 ÷ 7,123,482 = 8.98%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by revenue.	Super Micro Computer Inc. adjusted net profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
As Reported
Selected Financial Data (US$ in thousands)
Net income	639,998)	285,163)	111,865)	84,308)	71,918)	46,165)
Total Super Micro Computer, Inc. stockholders’ equity	1,972,005)	1,425,575)	1,096,225)	1,065,540)	941,015)	843,495)
Profitability Ratio
ROE¹	32.45%	20.00%	10.20%	7.91%	7.64%	5.47%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income	639,998)	285,163)	111,865)	84,308)	71,918)	46,127)
Total Super Micro Computer, Inc. stockholders’ equity	1,972,005)	1,425,575)	1,096,225)	1,065,540)	941,015)	843,495)
Profitability Ratio
Adjusted ROE²	32.45%	20.00%	10.20%	7.91%	7.64%	5.47%

2023 Calculations

¹ ROE = 100 × Net income ÷ Total Super Micro Computer, Inc. stockholders’ equity
= 100 × 639,998 ÷ 1,972,005 = 32.45%

² Adjusted ROE = 100 × Adjusted net income ÷ Total Super Micro Computer, Inc. stockholders’ equity
= 100 × 639,998 ÷ 1,972,005 = 32.45%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by shareholders’ equity.	Super Micro Computer Inc. adjusted ROE improved from 2021 to 2022 and from 2022 to 2023.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
As Reported
Selected Financial Data (US$ in thousands)
Net income	639,998)	285,163)	111,865)	84,308)	71,918)	46,165)
Total assets	3,674,729)	3,205,077)	2,241,964)	1,918,646)	1,682,594)	1,769,505)
Profitability Ratio
ROA¹	17.42%	8.90%	4.99%	4.39%	4.27%	2.61%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income	639,998)	285,163)	111,865)	84,308)	71,918)	46,127)
Total assets	3,674,729)	3,205,077)	2,241,964)	1,918,646)	1,682,594)	1,769,505)
Profitability Ratio
Adjusted ROA²	17.42%	8.90%	4.99%	4.39%	4.27%	2.61%

2023 Calculations

¹ ROA = 100 × Net income ÷ Total assets
= 100 × 639,998 ÷ 3,674,729 = 17.42%

² Adjusted ROA = 100 × Adjusted net income ÷ Total assets
= 100 × 639,998 ÷ 3,674,729 = 17.42%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by total assets.	Super Micro Computer Inc. adjusted ROA improved from 2021 to 2022 and from 2022 to 2023.

Super Micro Computer Inc. (NASDAQ:SMCI)

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