Aug. 5 at 11:49 PM
$SMCI Lets have a look, I was curious as
$DELL reported net income of 3.44B on surging accounts payables and around
$4.5B increase in inventory in their most recent quarters. If you offset payables with receivables, and include the inventory as a write off to some payables (because inventory creates revenue to pay back payables).
They had a net trade balance of around negative 11b with inventory thats a negative trade balance of around negative 6.5b (still a negative)
with cash they are sitting at around positive
$4.5B.
If SMCI did not pay
$10B on their accounts payables or purchase
$6B in inventory.
Their net trade balance was around positive
$5B and they purchased
$6B in inventory so we can assume around a -1B that needs to be accounted somewhere, if we just say that they paid 9b off instead of 10b.
So the 9b + cash of 1.3b = 10.3b then the raise thats 7b = 17b.
The difference between DELL and SMCI's recent quarter is 4.5b for DELL and 17b for SMCI (13.5b advantage for SMCI).
