Stock Analysis on Net

SolarEdge Technologies Inc. (NASDAQ:SEDG)

This company has been moved to the archive! The financial data has not been updated since February 22, 2023.

Analysis of Long-term (Investment) Activity Ratios

Microsoft Excel

Long-term Activity Ratios (Summary)

SolarEdge Technologies Inc., long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net fixed asset turnover 5.72 4.79 4.81 8.06 7.85
Net fixed asset turnover (including operating lease, right-of-use asset) 5.13 4.29 4.23 6.70 7.85
Total asset turnover 0.73 0.68 0.60 0.95 0.97
Equity turnover 1.43 1.50 1.34 1.76 1.67

Based on: 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), 10-K (reporting date: 2018-12-31).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. SolarEdge Technologies Inc. net fixed asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.
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). SolarEdge Technologies Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. SolarEdge Technologies Inc. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. SolarEdge Technologies Inc. equity turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.

Net Fixed Asset Turnover

SolarEdge Technologies Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Revenues 3,110,279 1,963,865 1,459,271 1,425,660 937,237
Property, plant and equipment, net 543,969 410,379 303,408 176,963 119,329
Long-term Activity Ratio
Net fixed asset turnover1 5.72 4.79 4.81 8.06 7.85
Benchmarks
Net Fixed Asset Turnover, Competitors2
Advanced Micro Devices Inc. 15.60 23.41 15.23 13.46
Analog Devices Inc. 5.00 3.70 5.00 4.91 5.37
Applied Materials Inc. 11.18 11.93 10.72 9.55 12.26
Broadcom Inc. 14.94 11.69 9.52 8.81 7.91
First Solar Inc. 0.74 1.10 1.13 1.40
Intel Corp. 0.78 1.25 1.38 1.30
KLA Corp. 10.84 10.44 11.17 10.18
Lam Research Corp. 10.46 11.22 9.37 9.12
Micron Technology Inc. 0.80 0.83 0.69 0.83
NVIDIA Corp. 9.69 7.76 6.52 8.34
Qualcomm Inc. 8.55 7.36 6.34 7.88 7.64
Texas Instruments Inc. 2.91 3.57 4.42 4.35
Net Fixed Asset Turnover, Sector
Semiconductors & Semiconductor Equipment 2.08 2.29 2.10 2.11
Net Fixed Asset Turnover, Industry
Information Technology 4.14 4.45 4.24 4.29

Based on: 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), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Net fixed asset turnover = Revenues ÷ Property, plant and equipment, net
= 3,110,279 ÷ 543,969 = 5.72

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. SolarEdge Technologies Inc. net fixed asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

SolarEdge Technologies Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Revenues 3,110,279 1,963,865 1,459,271 1,425,660 937,237
 
Property, plant and equipment, net 543,969 410,379 303,408 176,963 119,329
Operating lease right-of-use assets, net 62,754 47,137 41,600 35,858
Property, plant and equipment, net (including operating lease, right-of-use asset) 606,723 457,516 345,008 212,821 119,329
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 5.13 4.29 4.23 6.70 7.85
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Advanced Micro Devices Inc. 11.96 15.37 11.50 9.55
Analog Devices Inc. 4.51 3.24 4.07 4.91 5.37
Applied Materials Inc. 9.56 10.35 9.27 9.55 12.26
Broadcom Inc. 12.12 9.35 7.71 8.81 7.91
First Solar Inc. 0.72 1.02 1.03 1.32
Intel Corp. 0.78 1.24 1.36 1.28
KLA Corp. 9.43 9.03 9.36 10.18
Lam Research Corp. 9.19 9.90 8.06 9.12
Micron Technology Inc. 0.78 0.82 0.68 0.83
NVIDIA Corp. 7.46 5.84 4.76 8.34
Qualcomm Inc. 7.62 6.62 5.64 7.88 7.64
Texas Instruments Inc. 2.74 3.27 4.03 3.95
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Semiconductors & Semiconductor Equipment 2.01 2.20 2.02 2.08
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Information Technology 3.59 3.79 3.60 4.00

Based on: 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), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 3,110,279 ÷ 606,723 = 5.13

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). SolarEdge Technologies Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022.

Total Asset Turnover

SolarEdge Technologies Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Revenues 3,110,279 1,963,865 1,459,271 1,425,660 937,237
Total assets 4,265,949 2,892,060 2,437,109 1,494,624 964,472
Long-term Activity Ratio
Total asset turnover1 0.73 0.68 0.60 0.95 0.97
Benchmarks
Total Asset Turnover, Competitors2
Advanced Micro Devices Inc. 0.35 1.32 1.09 1.12
Analog Devices Inc. 0.24 0.14 0.26 0.28 0.30
Applied Materials Inc. 0.96 0.89 0.77 0.77 0.97
Broadcom Inc. 0.45 0.36 0.31 0.33 0.42
First Solar Inc. 0.32 0.39 0.38 0.41
Intel Corp. 0.35 0.47 0.51 0.53
KLA Corp. 0.73 0.67 0.63 0.51
Lam Research Corp. 1.00 0.92 0.69 0.80
Micron Technology Inc. 0.46 0.47 0.40 0.48
NVIDIA Corp. 0.61 0.58 0.63 0.88
Qualcomm Inc. 0.90 0.81 0.66 0.74 0.70
Texas Instruments Inc. 0.74 0.74 0.75 0.80
Total Asset Turnover, Sector
Semiconductors & Semiconductor Equipment 0.49 0.53 0.51 0.54
Total Asset Turnover, Industry
Information Technology 0.63 0.61 0.57 0.58

Based on: 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), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Total asset turnover = Revenues ÷ Total assets
= 3,110,279 ÷ 4,265,949 = 0.73

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. SolarEdge Technologies Inc. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Equity Turnover

SolarEdge Technologies Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Revenues 3,110,279 1,963,865 1,459,271 1,425,660 937,237
Total SolarEdge Technologies, Inc. stockholders’ equity 2,176,366 1,310,039 1,085,757 811,670 562,408
Long-term Activity Ratio
Equity turnover1 1.43 1.50 1.34 1.76 1.67
Benchmarks
Equity Turnover, Competitors2
Advanced Micro Devices Inc. 0.43 2.19 1.67 2.38
Analog Devices Inc. 0.33 0.19 0.47 0.51 0.56
Applied Materials Inc. 2.11 1.88 1.63 1.78 2.52
Broadcom Inc. 1.46 1.10 1.00 0.91 0.78
First Solar Inc. 0.45 0.49 0.49 0.60
Intel Corp. 0.62 0.83 0.96 0.93
KLA Corp. 6.57 2.05 2.18 1.72
Lam Research Corp. 2.74 2.43 1.94 2.07
Micron Technology Inc. 0.62 0.63 0.55 0.65
NVIDIA Corp. 1.01 0.99 0.89 1.25
Qualcomm Inc. 2.45 3.37 3.87 4.94 24.50
Texas Instruments Inc. 1.37 1.38 1.57 1.61
Equity Turnover, Sector
Semiconductors & Semiconductor Equipment 0.88 0.99 1.05 1.08
Equity Turnover, Industry
Information Technology 1.60 1.66 1.64 1.65

Based on: 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), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Equity turnover = Revenues ÷ Total SolarEdge Technologies, Inc. stockholders’ equity
= 3,110,279 ÷ 2,176,366 = 1.43

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. SolarEdge Technologies Inc. equity turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.