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: 2024-06-30), 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).
| 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 2022 to 2023 and from 2023 to 2024. |
| 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 2022 to 2023 and from 2023 to 2024. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Super Micro Computer Inc. total asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Super Micro Computer Inc. equity turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Net Fixed Asset Turnover
Super Micro Computer Inc., net fixed asset turnover calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 14,989,251) | 7,123,482) | 5,196,099) | 3,557,422) | 3,339,281) | 3,500,360) | |
| Property, plant and equipment, net | 414,008) | 290,240) | 285,972) | 274,713) | 233,785) | 207,337) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 36.21 | 24.54 | 18.17 | 12.95 | 14.28 | 16.88 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Apple Inc. | 8.56 | 8.77 | 9.36 | 9.28 | 7.47 | 6.96 | |
| Arista Networks Inc. | 70.85 | 57.69 | 46.11 | 37.49 | 71.90 | — | |
| Cisco Systems Inc. | 25.74 | 27.34 | 25.82 | 21.31 | 20.10 | 18.61 | |
| Dell Technologies Inc. | 13.75 | 16.48 | 18.69 | 14.65 | 15.22 | — | |
| Net Fixed Asset Turnover, Sector | |||||||
| Technology Hardware & Equipment | 10.15 | 10.60 | 11.15 | 10.63 | 9.26 | — | |
| Net Fixed Asset Turnover, Industry | |||||||
| Information Technology | 3.46 | 3.78 | 4.44 | 4.74 | 4.57 | — | |
Based on: 10-K (reporting date: 2024-06-30), 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).
1 2024 Calculation
Net fixed asset turnover = Net sales ÷ Property, plant and equipment, net
= 14,989,251 ÷ 414,008 = 36.21
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 2022 to 2023 and from 2023 to 2024. |
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, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 14,989,251) | 7,123,482) | 5,196,099) | 3,557,422) | 3,339,281) | 3,500,360) | |
| Property, plant and equipment, net | 414,008) | 290,240) | 285,972) | 274,713) | 233,785) | 207,337) | |
| Operating lease right-of-use asset (included in Other assets) | 35,382) | 19,160) | 23,679) | 20,047) | 23,784) | —) | |
| Property, plant and equipment, net (including operating lease, right-of-use asset) | 449,390) | 309,400) | 309,651) | 294,760) | 257,569) | 207,337) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 33.35 | 23.02 | 16.78 | 12.07 | 12.96 | 16.88 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
| Apple Inc. | 6.99 | 7.05 | 7.51 | 7.39 | 6.06 | 6.96 | |
| Arista Networks Inc. | 46.44 | 37.21 | 29.52 | 20.50 | 21.16 | — | |
| Cisco Systems Inc. | 17.05 | 18.65 | 17.19 | 14.51 | 14.61 | 18.61 | |
| Dell Technologies Inc. | 12.39 | 14.75 | 16.10 | 11.02 | 11.76 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Technology Hardware & Equipment | 8.31 | 8.57 | 8.94 | 8.34 | 7.41 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Information Technology | 3.05 | 3.32 | 3.84 | 4.02 | 3.86 | — | |
Based on: 10-K (reporting date: 2024-06-30), 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).
1 2024 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)
= 14,989,251 ÷ 449,390 = 33.35
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 2022 to 2023 and from 2023 to 2024. |
Total Asset Turnover
Super Micro Computer Inc., total asset turnover calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 14,989,251) | 7,123,482) | 5,196,099) | 3,557,422) | 3,339,281) | 3,500,360) | |
| Total assets | 9,826,092) | 3,674,729) | 3,205,077) | 2,241,964) | 1,918,646) | 1,682,594) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 1.53 | 1.94 | 1.62 | 1.59 | 1.74 | 2.08 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Apple Inc. | 1.07 | 1.09 | 1.12 | 1.04 | 0.85 | 0.77 | |
| Arista Networks Inc. | 0.50 | 0.59 | 0.65 | 0.51 | 0.49 | — | |
| Cisco Systems Inc. | 0.43 | 0.56 | 0.55 | 0.51 | 0.52 | 0.53 | |
| Dell Technologies Inc. | 1.08 | 1.14 | 1.09 | 0.76 | 0.78 | — | |
| Total Asset Turnover, Sector | |||||||
| Technology Hardware & Equipment | 0.93 | 1.00 | 1.01 | 0.89 | 0.77 | — | |
| Total Asset Turnover, Industry | |||||||
| Information Technology | 0.58 | 0.61 | 0.65 | 0.62 | 0.58 | — | |
Based on: 10-K (reporting date: 2024-06-30), 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).
1 2024 Calculation
Total asset turnover = Net sales ÷ Total assets
= 14,989,251 ÷ 9,826,092 = 1.53
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 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Equity Turnover
Super Micro Computer Inc., equity turnover calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 14,989,251) | 7,123,482) | 5,196,099) | 3,557,422) | 3,339,281) | 3,500,360) | |
| Total Super Micro Computer, Inc. stockholders’ equity | 5,417,206) | 1,972,005) | 1,425,575) | 1,096,225) | 1,065,540) | 941,015) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 2.77 | 3.61 | 3.64 | 3.25 | 3.13 | 3.72 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Apple Inc. | 6.87 | 6.17 | 7.78 | 5.80 | 4.20 | 2.88 | |
| Arista Networks Inc. | 0.70 | 0.81 | 0.90 | 0.74 | 0.70 | — | |
| Cisco Systems Inc. | 1.18 | 1.29 | 1.30 | 1.21 | 1.30 | 1.55 | |
| Dell Technologies Inc. | — | — | — | 38.01 | — | — | |
| Equity Turnover, Sector | |||||||
| Technology Hardware & Equipment | 4.81 | 4.94 | 5.86 | 4.61 | 3.97 | — | |
| Equity Turnover, Industry | |||||||
| Information Technology | 1.42 | 1.56 | 1.74 | 1.79 | 1.82 | — | |
Based on: 10-K (reporting date: 2024-06-30), 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).
1 2024 Calculation
Equity turnover = Net sales ÷ Total Super Micro Computer, Inc. stockholders’ equity
= 14,989,251 ÷ 5,417,206 = 2.77
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 deteriorated from 2022 to 2023 and from 2023 to 2024. |