True, but it shows a willingness and ability to do the work.
A dice throw and some chitchat would be better recruiting.
Then universities dropped the SAT requirements. Even MIT was suckered into dropping them. It was a disaster. It turns out the SATs were a very strong predictor of college success. MIT and others reinstated the SATs.
- you can take it ~3 times and most colleges will give you the best score without penalty
- you can use your result to apply as many times as you want
- if you feel stuck you can still get a good score by moving on to the other problems
- it's administered uniformly across the world
- you don't need to narrate your thinking while you're still processing information
- you get an objective score instead of a pass/fail that may be subjective