Analysis of Geographic Areas
Enphase Energy Inc. operates in 2 regions: United States and International.
Area Asset Turnover
Enphase Energy Inc., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 13.67 | 32.38 | 29.42 | 32.10 | 31.25 |
| International | 13.52 | 9.99 | 6.14 | 5.91 | 8.27 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| International | International area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: United States
Enphase Energy Inc.; United States; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net revenues | 1,469,108) | 1,761,846) | 1,108,801) | 637,879) | 523,577) |
| Long-lived assets | 107,448) | 54,406) | 37,685) | 19,870) | 16,754) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 13.67 | 32.38 | 29.42 | 32.10 | 31.25 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Net revenues ÷ Long-lived assets
= 1,469,108 ÷ 107,448 = 13.67
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Area Asset Turnover: International
Enphase Energy Inc.; International; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net revenues | 821,678) | 569,007) | 273,248) | 136,546) | 100,756) |
| Long-lived assets | 60,796) | 56,961) | 44,482) | 23,115) | 12,182) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 13.52 | 9.99 | 6.14 | 5.91 | 8.27 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Net revenues ÷ Long-lived assets
= 821,678 ÷ 60,796 = 13.52
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | International | International area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Net revenues
Enphase Energy Inc., net revenues by geographic area
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 1,469,108) | 1,761,846) | 1,108,801) | 637,879) | 523,577) |
| International | 821,678) | 569,007) | 273,248) | 136,546) | 100,756) |
| Total | 2,290,786) | 2,330,853) | 1,382,049) | 774,425) | 624,333) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Long-lived assets
Enphase Energy Inc., long-lived assets by geographic area
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 107,448) | 54,406) | 37,685) | 19,870) | 16,754) |
| International | 60,796) | 56,961) | 44,482) | 23,115) | 12,182) |
| Total | 168,244) | 111,367) | 82,167) | 42,985) | 28,936) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).