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 
Quarterly Data

Microsoft Excel

Long-term Activity Ratios (Summary)

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

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Net fixed asset turnover 5.72 5.64 5.03 4.67 4.79 5.01 4.65 4.59 4.81 5.90 7.03 8.09 8.06 8.49 7.83 7.51 7.85
Net fixed asset turnover (including operating lease, right-of-use asset) 5.13 5.00 4.50 4.15 4.29 4.51 4.18 4.07 4.23 5.16 6.04 6.78 6.70 6.90 6.20 6.10 7.85
Total asset turnover 0.73 0.71 0.65 0.60 0.68 0.67 0.62 0.58 0.60 0.67 0.99 1.05 0.95 0.95 0.90 0.85 0.97
Equity turnover 1.43 1.35 1.21 1.10 1.50 1.43 1.34 1.30 1.34 1.47 1.72 1.83 1.76 1.74 1.63 1.60 1.67

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

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 improved from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.
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 Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. SolarEdge Technologies Inc. total asset turnover ratio improved from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. SolarEdge Technologies Inc. equity turnover ratio improved from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.

Net Fixed Asset Turnover

SolarEdge Technologies Inc., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Revenues 890,702 836,723 727,774 655,080 551,915 526,404 480,057 405,489 358,107 338,095 331,851 431,218 418,223 410,556 325,010 271,871 263,670 236,578 227,118 209,871
Property, plant and equipment, net 543,969 491,433 489,109 473,511 410,379 353,344 340,319 312,214 303,408 257,717 226,416 195,982 176,963 149,675 140,200 132,988 119,329 73,415 68,532 61,161
Long-term Activity Ratio
Net fixed asset turnover1 5.72 5.64 5.03 4.67 4.79 5.01 4.65 4.59 4.81 5.90 7.03 8.09 8.06 8.49 7.83 7.51 7.85
Benchmarks
Net Fixed Asset Turnover, Competitors2
Advanced Micro Devices Inc. 15.60 15.36 14.97 13.43 23.41 20.71 19.88 16.77 15.23 14.53 13.07 13.42 13.46
Analog Devices Inc. 5.00 5.09 4.66 4.14 3.70 5.54 5.34 5.19 5.00 4.87 4.66 4.77 4.91
Applied Materials Inc. 11.18 11.47 11.99 12.25 11.93 11.92 11.21 11.11 10.72 10.63 10.06 9.66 9.55
Broadcom Inc. 14.94 14.08 13.26 12.38 11.69 11.19 10.58 9.89 9.52 9.04 8.74 8.66 8.81
First Solar Inc. 0.74 0.81 0.83 0.89 1.10 1.05 1.24 1.24 1.13 1.47 1.34 1.36 1.40
Intel Corp. 0.78 0.92 1.02 1.16 1.25 1.31 1.33 1.36 1.38 1.32 1.36 1.33 1.30
KLA Corp. 10.84 10.69 11.39 10.68 10.44 10.27 10.22 10.56 11.17 11.26 10.77 10.29 10.18
Lam Research Corp. 10.46 10.72 10.99 11.48 11.22 10.37 9.87 9.75 9.37 9.17 9.12 9.21 9.12
Micron Technology Inc. 0.80 0.88 0.86 0.84 0.83 0.79 0.74 0.68 0.69 0.67 0.66 0.70 0.83
Monolithic Power Systems Inc. 5.02 4.87 4.20 3.60 3.33 3.25 3.13 3.13 3.00 2.88 2.73 2.75 2.75
NVIDIA Corp. 9.69 9.67 9.26 8.49 7.76 7.18 6.65 6.87 6.52 6.60 6.86 7.28 8.34
Qualcomm Inc. 8.55 8.36 8.02 7.63 7.36 7.36 7.03 6.62 6.34 5.74 7.37 7.73 7.88
Texas Instruments Inc. 2.91 3.11 3.30 3.49 3.57 4.37 4.56 4.49 4.42 4.31 4.28 4.37 4.35

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q4 2022 Calculation
Net fixed asset turnover = (RevenuesQ4 2022 + RevenuesQ3 2022 + RevenuesQ2 2022 + RevenuesQ1 2022) ÷ Property, plant and equipment, net
= (890,702 + 836,723 + 727,774 + 655,080) ÷ 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 improved from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.

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 (quarterly data)

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Revenues 890,702 836,723 727,774 655,080 551,915 526,404 480,057 405,489 358,107 338,095 331,851 431,218 418,223 410,556 325,010 271,871 263,670 236,578 227,118 209,871
 
Property, plant and equipment, net 543,969 491,433 489,109 473,511 410,379 353,344 340,319 312,214 303,408 257,717 226,416 195,982 176,963 149,675 140,200 132,988 119,329 73,415 68,532 61,161
Operating lease right-of-use assets, net 62,754 62,535 58,375 59,783 47,137 39,314 38,302 39,804 41,600 36,965 36,951 37,896 35,858 34,601 36,788 30,839
Property, plant and equipment, net (including operating lease, right-of-use asset) 606,723 553,968 547,484 533,294 457,516 392,658 378,621 352,018 345,008 294,682 263,367 233,878 212,821 184,276 176,988 163,827 119,329 73,415 68,532 61,161
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 5.13 5.00 4.50 4.15 4.29 4.51 4.18 4.07 4.23 5.16 6.04 6.78 6.70 6.90 6.20 6.10 7.85
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Advanced Micro Devices Inc. 11.96 11.55 11.22 10.36 15.37 14.84 14.53 12.39 11.50 10.67 9.56 9.52 9.55
Micron Technology Inc. 0.78 0.87 0.85 0.83 0.82 0.78 0.72 0.67 0.68 0.66 0.65 0.69 0.83
NVIDIA Corp. 7.46 7.27 6.92 6.43 5.84 5.39 4.90 5.10 4.76 4.90 5.04 5.34 8.34

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q4 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = (RevenuesQ4 2022 + RevenuesQ3 2022 + RevenuesQ2 2022 + RevenuesQ1 2022) ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= (890,702 + 836,723 + 727,774 + 655,080) ÷ 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 Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.

Total Asset Turnover

SolarEdge Technologies Inc., total asset turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Revenues 890,702 836,723 727,774 655,080 551,915 526,404 480,057 405,489 358,107 338,095 331,851 431,218 418,223 410,556 325,010 271,871 263,670 236,578 227,118 209,871
Total assets 4,265,949 3,903,546 3,772,778 3,682,915 2,892,060 2,656,833 2,564,325 2,464,595 2,437,109 2,278,296 1,605,826 1,513,840 1,494,624 1,337,592 1,221,694 1,176,923 964,472 852,178 783,230 731,561
Long-term Activity Ratio
Total asset turnover1 0.73 0.71 0.65 0.60 0.68 0.67 0.62 0.58 0.60 0.67 0.99 1.05 0.95 0.95 0.90 0.85 0.97
Benchmarks
Total Asset Turnover, Competitors2
Advanced Micro Devices Inc. 0.35 0.34 0.32 0.28 1.32 1.33 1.25 1.14 1.09 1.23 1.16 1.24 1.12
Analog Devices Inc. 0.24 0.22 0.19 0.16 0.14 0.30 0.29 0.27 0.26 0.26 0.26 0.27 0.28
Applied Materials Inc. 0.96 0.96 0.98 0.95 0.89 0.88 0.82 0.78 0.77 0.77 0.71 0.76 0.77
Broadcom Inc. 0.45 0.44 0.42 0.39 0.36 0.35 0.34 0.32 0.31 0.29 0.28 0.28 0.33
First Solar Inc. 0.32 0.34 0.33 0.34 0.39 0.36 0.41 0.42 0.38 0.50 0.44 0.44 0.41
Intel Corp. 0.35 0.40 0.43 0.44 0.47 0.47 0.50 0.52 0.51 0.54 0.52 0.51 0.53
KLA Corp. 0.73 0.72 0.70 0.67 0.67 0.65 0.62 0.64 0.63 0.63 0.57 0.53 0.51
Lam Research Corp. 1.00 1.01 0.99 1.01 0.92 0.87 0.78 0.73 0.69 0.74 0.80 0.77 0.80
Micron Technology Inc. 0.46 0.50 0.49 0.48 0.47 0.46 0.43 0.41 0.40 0.39 0.39 0.42 0.48
Monolithic Power Systems Inc. 0.87 0.87 0.84 0.78 0.76 0.74 0.76 0.71 0.70 0.67 0.64 0.65 0.66
NVIDIA Corp. 0.61 0.60 0.57 0.63 0.58 0.55 0.52 0.51 0.63 0.63 0.69 0.77 0.88
Qualcomm Inc. 0.90 0.90 0.89 0.84 0.81 0.84 0.79 0.71 0.66 0.62 0.77 0.74 0.74
Texas Instruments Inc. 0.74 0.77 0.79 0.75 0.74 0.76 0.81 0.79 0.75 0.75 0.78 0.82 0.80

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q4 2022 Calculation
Total asset turnover = (RevenuesQ4 2022 + RevenuesQ3 2022 + RevenuesQ2 2022 + RevenuesQ1 2022) ÷ Total assets
= (890,702 + 836,723 + 727,774 + 655,080) ÷ 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 Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.

Equity Turnover

SolarEdge Technologies Inc., equity turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Revenues 890,702 836,723 727,774 655,080 551,915 526,404 480,057 405,489 358,107 338,095 331,851 431,218 418,223 410,556 325,010 271,871 263,670 236,578 227,118 209,871
Total SolarEdge Technologies, Inc. stockholders’ equity 2,176,366 2,052,127 2,027,532 2,010,525 1,310,039 1,242,083 1,177,793 1,099,924 1,085,757 1,032,037 924,801 866,418 811,670 732,012 674,071 626,319 562,408 538,963 484,891 440,211
Long-term Activity Ratio
Equity turnover1 1.43 1.35 1.21 1.10 1.50 1.43 1.34 1.30 1.34 1.47 1.72 1.83 1.76 1.74 1.63 1.60 1.67
Benchmarks
Equity Turnover, Competitors2
Advanced Micro Devices Inc. 0.43 0.42 0.39 0.34 2.19 2.08 1.89 1.76 1.67 2.24 2.31 2.39 2.38
Analog Devices Inc. 0.33 0.30 0.26 0.23 0.19 0.53 0.51 0.48 0.47 0.47 0.48 0.49 0.51
Applied Materials Inc. 2.11 2.08 2.14 2.03 1.88 1.79 1.65 1.59 1.63 1.70 1.71 1.73 1.78
Broadcom Inc. 1.46 1.52 1.43 1.24 1.10 1.09 1.07 1.03 1.00 0.98 0.96 0.93 0.91
First Solar Inc. 0.45 0.43 0.42 0.42 0.49 0.45 0.51 0.52 0.49 0.65 0.60 0.59 0.60
Intel Corp. 0.62 0.70 0.73 0.75 0.83 0.87 0.91 0.97 0.96 1.05 0.96 0.99 0.93
KLA Corp. 6.57 2.12 2.02 1.93 2.05 2.07 2.07 2.16 2.18 2.43 1.98 1.84 1.72
Lam Research Corp. 2.74 2.78 2.55 2.71 2.43 2.47 2.17 2.04 1.94 2.12 2.18 1.92 2.07
Micron Technology Inc. 0.62 0.66 0.65 0.65 0.63 0.60 0.58 0.55 0.55 0.54 0.53 0.57 0.65
Monolithic Power Systems Inc. 1.08 1.09 1.05 1.00 0.97 0.95 0.96 0.91 0.87 0.85 0.81 0.80 0.81
NVIDIA Corp. 1.01 1.02 1.04 1.03 0.99 0.96 0.94 0.90 0.89 0.89 0.99 1.11 1.25
Qualcomm Inc. 2.45 2.63 2.95 3.18 3.37 3.98 3.96 3.62 3.87 6.05 8.13 5.43 4.94
Texas Instruments Inc. 1.37 1.39 1.39 1.35 1.38 1.45 1.50 1.52 1.57 1.65 1.79 1.83 1.61

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q4 2022 Calculation
Equity turnover = (RevenuesQ4 2022 + RevenuesQ3 2022 + RevenuesQ2 2022 + RevenuesQ1 2022) ÷ Total SolarEdge Technologies, Inc. stockholders’ equity
= (890,702 + 836,723 + 727,774 + 655,080) ÷ 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 Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.