Stock Analysis on Net

Super Micro Computer Inc. (NASDAQ:SMCI)

Analysis of Profitability Ratios

Microsoft Excel

Profitability Ratios (Summary)

Super Micro Computer Inc., profitability ratios

Microsoft Excel
Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019
Return on Sales
Gross profit margin 13.75% 18.01% 15.40% 15.03% 15.76% 14.16%
Operating profit margin 8.08% 10.68% 6.45% 3.48% 2.57% 2.78%
Net profit margin 7.69% 8.98% 5.49% 3.14% 2.52% 2.05%
Return on Investment
Return on equity (ROE) 21.28% 32.45% 20.00% 10.20% 7.91% 7.64%
Return on assets (ROA) 11.73% 17.42% 8.90% 4.99% 4.39% 4.27%

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).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Super Micro Computer Inc. gross profit margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Super Micro Computer Inc. operating profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Super Micro Computer Inc. net profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Super Micro Computer Inc. ROE improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.
ROA A profitability ratio calculated as net income divided by total assets. Super Micro Computer Inc. ROA improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.

Gross Profit Margin

Super Micro Computer Inc., gross profit margin calculation, comparison to benchmarks

Microsoft Excel
Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019
Selected Financial Data (US$ in thousands)
Gross profit 2,061,410 1,283,012 800,001 534,538 526,210 495,522
Net sales 14,989,251 7,123,482 5,196,099 3,557,422 3,339,281 3,500,360
Profitability Ratio
Gross profit margin1 13.75% 18.01% 15.40% 15.03% 15.76% 14.16%
Benchmarks
Gross Profit Margin, Competitors2
Apple Inc. 46.21% 44.13% 43.31% 41.78% 38.23% 37.82%
Arista Networks Inc. 64.13% 61.95% 61.07% 63.80% 63.94%
Cisco Systems Inc. 64.73% 62.73% 62.55% 64.02% 64.26% 62.94%
Dell Technologies Inc. 23.60% 22.18% 21.63% 31.22% 31.40% 27.65%

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
Gross profit margin = 100 × Gross profit ÷ Net sales
= 100 × 2,061,410 ÷ 14,989,251 = 13.75%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Super Micro Computer Inc. gross profit margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Operating Profit Margin

Super Micro Computer Inc., operating profit margin calculation, comparison to benchmarks

Microsoft Excel
Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019
Selected Financial Data (US$ in thousands)
Income from operations 1,210,774 761,142 335,167 123,947 85,654 97,233
Net sales 14,989,251 7,123,482 5,196,099 3,557,422 3,339,281 3,500,360
Profitability Ratio
Operating profit margin1 8.08% 10.68% 6.45% 3.48% 2.57% 2.78%
Benchmarks
Operating Profit Margin, Competitors2
Apple Inc. 31.51% 29.82% 30.29% 29.78% 24.15% 24.57%
Arista Networks Inc. 42.05% 38.52% 34.86% 31.37% 30.19%
Cisco Systems Inc. 22.64% 26.37% 27.09% 25.76% 27.63% 27.39%
Dell Technologies Inc. 5.89% 5.64% 4.60% 5.46% 2.85% -0.21%
Operating Profit Margin, Sector
Technology Hardware & Equipment 26.07% 24.86% 25.14% 24.78% 19.76%
Operating Profit Margin, Industry
Information Technology 26.72% 24.60% 26.53% 26.83% 22.82%

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
Operating profit margin = 100 × Income from operations ÷ Net sales
= 100 × 1,210,774 ÷ 14,989,251 = 8.08%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Super Micro Computer Inc. operating profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.

Net Profit Margin

Super Micro Computer Inc., net profit margin calculation, comparison to benchmarks

Microsoft Excel
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 income 1,152,666 639,998 285,163 111,865 84,308 71,918
Net sales 14,989,251 7,123,482 5,196,099 3,557,422 3,339,281 3,500,360
Profitability Ratio
Net profit margin1 7.69% 8.98% 5.49% 3.14% 2.52% 2.05%
Benchmarks
Net Profit Margin, Competitors2
Apple Inc. 23.97% 25.31% 25.31% 25.88% 20.91% 21.24%
Arista Networks Inc. 40.73% 35.62% 30.87% 28.52% 27.38%
Cisco Systems Inc. 19.18% 22.13% 22.91% 21.26% 22.75% 22.39%
Dell Technologies Inc. 3.63% 2.39% 5.50% 3.45% 5.01% -2.55%
Net Profit Margin, Sector
Technology Hardware & Equipment 20.04% 20.66% 21.34% 21.20% 17.54%
Net Profit Margin, Industry
Information Technology 20.73% 20.51% 22.53% 23.72% 19.79%

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 profit margin = 100 × Net income ÷ Net sales
= 100 × 1,152,666 ÷ 14,989,251 = 7.69%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Super Micro Computer Inc. net profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.

Return on Equity (ROE)

Super Micro Computer Inc., ROE calculation, comparison to benchmarks

Microsoft Excel
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 income 1,152,666 639,998 285,163 111,865 84,308 71,918
Total Super Micro Computer, Inc. stockholders’ equity 5,417,206 1,972,005 1,425,575 1,096,225 1,065,540 941,015
Profitability Ratio
ROE1 21.28% 32.45% 20.00% 10.20% 7.91% 7.64%
Benchmarks
ROE, Competitors2
Apple Inc. 164.59% 156.08% 196.96% 150.07% 87.87% 61.06%
Arista Networks Inc. 28.54% 28.91% 27.68% 21.13% 19.11%
Cisco Systems Inc. 22.70% 28.44% 29.70% 25.66% 29.57% 34.62%
Dell Technologies Inc. 131.10%
ROE, Sector
Technology Hardware & Equipment 96.41% 101.96% 124.98% 97.82% 69.73%
ROE, Industry
Information Technology 29.48% 32.16% 39.26% 42.62% 35.95%

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
ROE = 100 × Net income ÷ Total Super Micro Computer, Inc. stockholders’ equity
= 100 × 1,152,666 ÷ 5,417,206 = 21.28%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Super Micro Computer Inc. ROE improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.

Return on Assets (ROA)

Super Micro Computer Inc., ROA calculation, comparison to benchmarks

Microsoft Excel
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 income 1,152,666 639,998 285,163 111,865 84,308 71,918
Total assets 9,826,092 3,674,729 3,205,077 2,241,964 1,918,646 1,682,594
Profitability Ratio
ROA1 11.73% 17.42% 8.90% 4.99% 4.39% 4.27%
Benchmarks
ROA, Competitors2
Apple Inc. 25.68% 27.51% 28.29% 26.97% 17.73% 16.32%
Arista Networks Inc. 20.31% 20.98% 19.96% 14.66% 13.39%
Cisco Systems Inc. 8.29% 12.38% 12.57% 10.86% 11.82% 11.88%
Dell Technologies Inc. 3.91% 2.73% 6.00% 2.63% 3.88% -2.07%
ROA, Sector
Technology Hardware & Equipment 18.69% 20.58% 21.62% 18.88% 13.59%
ROA, Industry
Information Technology 12.01% 12.61% 14.64% 14.75% 11.52%

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
ROA = 100 × Net income ÷ Total assets
= 100 × 1,152,666 ÷ 9,826,092 = 11.73%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Super Micro Computer Inc. ROA improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.