Analysis of Reportable Segments
SolarEdge Technologies Inc. operates in 2 segments: Solar and All other.
Segment Profit Margin
SolarEdge Technologies Inc., profit margin by reportable segment
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Solar | 16.67% | 20.63% | 18.84% | 21.99% | — |
| All other | -23.95% | -26.90% | -35.84% | -19.29% | — |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Solar | Solar segment profit margin ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| All other | All other segment profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
Segment Profit Margin: Solar
SolarEdge Technologies Inc.; Solar; segment profit margin calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Segments profit (loss) | 486,862) | 368,746) | 255,728) | 293,944) | —) |
| Revenues | 2,921,175) | 1,787,280) | 1,357,261) | 1,336,618) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 16.67% | 20.63% | 18.84% | 21.99% | — |
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
Segment profit margin = 100 × Segments profit (loss) ÷ Revenues
= 100 × 486,862 ÷ 2,921,175 = 16.67%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Solar | Solar segment profit margin ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Segment Profit Margin: All other
SolarEdge Technologies Inc.; All other; segment profit margin calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Segments profit (loss) | (45,137) | (47,387) | (36,844) | (17,174) | —) |
| Revenues | 188,490) | 176,167) | 102,804) | 89,042) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | -23.95% | -26.90% | -35.84% | -19.29% | — |
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
Segment profit margin = 100 × Segments profit (loss) ÷ Revenues
= 100 × -45,137 ÷ 188,490 = -23.95%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | All other | All other segment profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
Revenues
SolarEdge Technologies Inc., revenues by reportable segment
US$ in thousands
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Solar | 2,921,175) | 1,787,280) | 1,357,261) | 1,336,618) | —) |
| All other | 188,490) | 176,167) | 102,804) | 89,042) | —) |
| Total | 3,109,665) | 1,963,447) | 1,460,065) | 1,425,660) | —) |
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).
Segments profit (loss)
SolarEdge Technologies Inc., segments profit (loss) by reportable segment
US$ in thousands
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Solar | 486,862) | 368,746) | 255,728) | 293,944) | —) |
| All other | (45,137) | (47,387) | (36,844) | (17,174) | —) |
| Total | 441,725) | 321,359) | 218,884) | 276,770) | —) |
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).