Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
SolarEdge Technologies Inc., short-term (operating) activity ratios (quarterly data)
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).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | SolarEdge Technologies Inc. inventory turnover ratio deteriorated from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022. |
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | SolarEdge Technologies Inc. receivables turnover ratio deteriorated from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | SolarEdge Technologies Inc. payables turnover ratio decreased from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022. |
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | SolarEdge Technologies Inc. working capital turnover ratio improved from Q2 2022 to Q3 2022 but then slightly deteriorated from Q3 2022 to Q4 2022. |
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | SolarEdge Technologies Inc. number of days of inventory outstanding deteriorated from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022. |
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | SolarEdge Technologies Inc. number of days of receivables outstanding deteriorated from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022. |
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | SolarEdge Technologies Inc. operating cycle deteriorated from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022. |
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | SolarEdge Technologies Inc. number of days of payables outstanding increased from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022. |
| Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | SolarEdge Technologies Inc. cash conversion cycle deteriorated from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022. |
Inventory Turnover
SolarEdge Technologies Inc., inventory turnover calculation (quarterly data)
| 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) | ||||||||||||||||||||||||||
| Cost of revenues | 629,655) | 614,722) | 545,132) | 476,122) | 391,424) | 353,843) | 323,865) | 265,415) | 247,782) | 230,032) | 228,888) | 291,210) | 274,974) | 271,247) | 214,340) | 185,761) | 183,959) | 158,596) | 145,172) | 130,274) | ||||||
| Inventories, net | 729,201) | 561,352) | 470,272) | 432,504) | 380,143) | 304,713) | 321,915) | 340,038) | 331,696) | 297,027) | 264,460) | 198,557) | 170,798) | 134,283) | 148,892) | 150,798) | 141,519) | 107,179) | 102,014) | 98,363) | ||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||
| Inventory turnover1 | 3.11 | 3.61 | 3.76 | 3.57 | 3.51 | 3.91 | 3.31 | 2.86 | 3.01 | 3.45 | 4.03 | 5.30 | 5.54 | 6.37 | 4.99 | 4.47 | 4.37 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Inventory Turnover, Competitors2 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 3.45 | 3.62 | 4.24 | 4.00 | 4.35 | 4.15 | 4.10 | 3.81 | 3.87 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Analog Devices Inc. | 3.20 | 3.82 | 3.78 | 3.66 | 2.33 | 3.16 | 3.16 | 3.18 | 3.14 | 3.12 | 3.23 | 3.28 | 3.24 | — | — | — | — | — | — | — | ||||||
| Applied Materials Inc. | 2.33 | 2.42 | 2.60 | 2.79 | 2.82 | 2.80 | 2.65 | 2.55 | 2.44 | 2.30 | 2.32 | 2.43 | 2.37 | — | — | — | — | — | — | — | ||||||
| Broadcom Inc. | 5.77 | 5.92 | 6.40 | 6.95 | 8.18 | 9.10 | 10.44 | 11.01 | 10.34 | 9.51 | 10.76 | 10.73 | 11.57 | — | — | — | — | — | — | — | ||||||
| Intel Corp. | 2.74 | 2.90 | 3.02 | 2.97 | 3.27 | 3.50 | 3.91 | 4.15 | 4.06 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| KLA Corp. | 1.67 | 1.71 | 1.75 | 1.73 | 1.76 | 1.81 | 1.76 | 1.77 | 1.87 | 1.91 | 1.85 | 1.67 | 1.48 | — | — | — | — | — | — | — | ||||||
| Lam Research Corp. | 2.36 | 2.60 | 2.89 | 2.95 | 2.91 | 2.78 | 2.71 | 2.77 | 2.86 | 3.11 | 3.42 | 3.51 | 3.44 | — | — | — | — | — | — | — | ||||||
| Micron Technology Inc. | 2.53 | 3.06 | 3.14 | 3.60 | 3.85 | 3.73 | 3.43 | 2.74 | 2.65 | 2.66 | 2.62 | 2.67 | 2.48 | — | — | — | — | — | — | — | ||||||
| Monolithic Power Systems Inc. | 1.67 | 1.75 | 1.75 | 1.83 | 2.01 | 2.33 | 2.61 | 2.38 | 2.41 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| NVIDIA Corp. | 3.62 | 3.87 | 3.75 | 3.63 | 3.44 | 3.69 | 3.47 | 3.81 | 4.24 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Qualcomm Inc. | 2.94 | 3.27 | 3.58 | 3.90 | 4.42 | 4.18 | 4.41 | 4.17 | 3.56 | 3.67 | 5.08 | 6.00 | 6.14 | — | — | — | — | — | — | — | ||||||
| Texas Instruments Inc. | 2.27 | 2.56 | 2.74 | 2.88 | 3.12 | 3.18 | 3.12 | 2.88 | 2.66 | — | — | — | — | — | — | — | — | — | — | — | ||||||
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
Inventory turnover
= (Cost of revenuesQ4 2022
+ Cost of revenuesQ3 2022
+ Cost of revenuesQ2 2022
+ Cost of revenuesQ1 2022)
÷ Inventories, net
= (629,655 + 614,722 + 545,132 + 476,122)
÷ 729,201 = 3.11
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | SolarEdge Technologies Inc. inventory turnover ratio deteriorated from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022. |
Receivables Turnover
SolarEdge Technologies Inc., receivables turnover calculation (quarterly data)
| 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) | ||||||
| Trade receivables, net of allowances | 905,146) | 785,325) | 669,100) | 676,820) | 456,339) | 416,244) | 343,652) | 271,713) | 218,706) | 183,141) | 181,700) | 235,673) | 298,383) | 292,232) | 237,804) | 187,496) | 173,579) | 151,088) | 118,103) | 127,479) | ||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||
| Receivables turnover1 | 3.44 | 3.53 | 3.68 | 3.27 | 4.30 | 4.25 | 4.60 | 5.28 | 6.67 | 8.30 | 8.76 | 6.73 | 4.78 | 4.35 | 4.61 | 5.33 | 5.40 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Receivables Turnover, Competitors2 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 5.72 | 5.26 | 5.33 | 5.13 | 6.07 | 6.68 | 6.60 | 5.24 | 4.73 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Analog Devices Inc. | 6.67 | 6.37 | 6.07 | 5.16 | 5.02 | 7.90 | 7.62 | 7.08 | 7.60 | 8.10 | 9.42 | 9.85 | 9.43 | — | — | — | — | — | — | — | ||||||
| Applied Materials Inc. | 4.25 | 5.08 | 5.09 | 5.49 | 4.66 | 5.66 | 5.87 | 5.98 | 5.81 | 5.80 | 5.88 | 5.61 | 5.77 | — | — | — | — | — | — | — | ||||||
| Broadcom Inc. | 11.22 | 11.70 | 9.73 | 11.23 | 13.25 | 11.87 | 10.54 | 9.78 | 10.40 | 8.64 | 7.13 | 6.21 | 6.93 | — | — | — | — | — | — | — | ||||||
| Intel Corp. | 15.26 | 9.31 | 12.11 | 10.98 | 8.36 | 9.34 | 10.40 | 10.78 | 11.48 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| KLA Corp. | 5.08 | 5.34 | 4.72 | 5.10 | 5.30 | 5.37 | 4.98 | 5.77 | 5.24 | 5.01 | 4.43 | 4.59 | 4.61 | — | — | — | — | — | — | — | ||||||
| Lam Research Corp. | 3.99 | 4.52 | 4.86 | 4.64 | 4.83 | 4.72 | 4.11 | 4.77 | 4.79 | 4.39 | 4.70 | 5.80 | 6.63 | — | — | — | — | — | — | — | ||||||
| Micron Technology Inc. | 6.00 | 5.20 | 5.79 | 5.64 | 5.22 | 6.02 | 7.01 | 5.98 | 5.48 | 5.62 | 6.43 | 6.04 | 7.33 | — | — | — | — | — | — | — | ||||||
| Monolithic Power Systems Inc. | 9.82 | 10.89 | 11.94 | 11.06 | 11.52 | 13.83 | 13.41 | 11.10 | 12.63 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| NVIDIA Corp. | 5.79 | 6.14 | 6.11 | 6.37 | 6.86 | 5.80 | 6.27 | 6.18 | 6.59 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Texas Instruments Inc. | 10.57 | 9.90 | 8.95 | 10.56 | 10.78 | 10.64 | 10.54 | 9.74 | 10.23 | — | — | — | — | — | — | — | — | — | — | — | ||||||
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
Receivables turnover
= (RevenuesQ4 2022
+ RevenuesQ3 2022
+ RevenuesQ2 2022
+ RevenuesQ1 2022)
÷ Trade receivables, net of allowances
= (890,702 + 836,723 + 727,774 + 655,080)
÷ 905,146 = 3.44
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | SolarEdge Technologies Inc. receivables turnover ratio deteriorated from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022. |
Payables Turnover
SolarEdge Technologies Inc., payables turnover calculation (quarterly data)
| 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) | ||||||||||||||||||||||||||
| Cost of revenues | 629,655) | 614,722) | 545,132) | 476,122) | 391,424) | 353,843) | 323,865) | 265,415) | 247,782) | 230,032) | 228,888) | 291,210) | 274,974) | 271,247) | 214,340) | 185,761) | 183,959) | 158,596) | 145,172) | 130,274) | ||||||
| Trade payables, net | 459,831) | 311,565) | 253,399) | 241,630) | 252,068) | 137,621) | 141,174) | 122,063) | 162,051) | 122,106) | 158,264) | 139,138) | 157,148) | 132,230) | 116,795) | 90,190) | 107,079) | 83,459) | 81,610) | 83,091) | ||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||
| Payables turnover1 | 4.93 | 6.51 | 6.97 | 6.40 | 5.29 | 8.65 | 7.56 | 7.96 | 6.16 | 8.40 | 6.74 | 7.56 | 6.02 | 6.47 | 6.36 | 7.47 | 5.77 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Payables Turnover, Competitors2 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 5.21 | 5.22 | 7.39 | 6.58 | 6.44 | 7.54 | 8.66 | 6.64 | 11.57 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Analog Devices Inc. | 7.70 | 8.43 | 9.01 | 8.17 | 6.30 | 7.82 | 7.25 | 8.66 | 8.42 | 8.85 | 9.83 | 9.12 | 8.78 | — | — | — | — | — | — | — | ||||||
| Broadcom Inc. | 11.13 | 15.27 | 9.98 | 9.80 | 9.77 | 10.91 | 12.63 | 11.67 | 12.41 | 9.41 | 8.33 | 10.28 | 11.83 | — | — | — | — | — | — | — | ||||||
| Intel Corp. | 3.77 | 5.21 | 4.63 | 4.92 | 6.13 | 5.05 | 5.82 | 6.49 | 6.14 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| KLA Corp. | 8.10 | 7.98 | 8.43 | 7.79 | 8.10 | 8.88 | 9.53 | 9.69 | 9.27 | 9.95 | 9.03 | 9.45 | 9.24 | — | — | — | — | — | — | — | ||||||
| Lam Research Corp. | 9.25 | 8.99 | 9.31 | 10.12 | 9.43 | 9.33 | 8.82 | 8.94 | 9.18 | 10.43 | 11.56 | 12.52 | 14.06 | — | — | — | — | — | — | — | ||||||
| Monolithic Power Systems Inc. | 12.13 | 8.85 | 8.07 | 7.93 | 6.29 | 6.71 | 7.86 | 7.30 | 9.92 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| NVIDIA Corp. | 5.29 | 5.19 | 5.38 | 5.94 | 5.23 | 5.03 | 5.44 | 5.65 | 6.04 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Qualcomm Inc. | 4.91 | 4.72 | 4.37 | 4.28 | 5.19 | 4.83 | 4.62 | 4.38 | 4.12 | 4.21 | 4.19 | 4.96 | 6.29 | — | — | — | — | — | — | — | ||||||
| Texas Instruments Inc. | 7.35 | 7.89 | 8.46 | 9.27 | 9.14 | 9.93 | 9.86 | 9.60 | 12.51 | — | — | — | — | — | — | — | — | — | — | — | ||||||
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
Payables turnover
= (Cost of revenuesQ4 2022
+ Cost of revenuesQ3 2022
+ Cost of revenuesQ2 2022
+ Cost of revenuesQ1 2022)
÷ Trade payables, net
= (629,655 + 614,722 + 545,132 + 476,122)
÷ 459,831 = 4.93
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | SolarEdge Technologies Inc. payables turnover ratio decreased from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022. |
Working Capital Turnover
SolarEdge Technologies Inc., working capital turnover calculation (quarterly data)
| 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) | ||||||||||||||||||||||||||
| Current assets | 2,899,658) | 2,451,773) | 2,283,808) | 2,462,317) | 1,711,291) | 1,552,554) | 1,488,911) | 1,585,107) | 1,719,341) | 1,744,981) | 1,072,998) | 955,919) | 932,763) | 834,803) | 730,544) | 717,532) | 678,113) | 655,653) | 616,047) | 571,212) | ||||||
| Less: Current liabilities | 889,717) | 694,480) | 612,174) | 568,741) | 525,181) | 405,507) | 399,585) | 397,726) | 436,099) | 382,537) | 405,065) | 389,681) | 436,714) | 335,407) | 293,778) | 248,072) | 225,718) | 166,150) | 153,971) | 158,609) | ||||||
| Working capital | 2,009,941) | 1,757,293) | 1,671,634) | 1,893,576) | 1,186,110) | 1,147,047) | 1,089,326) | 1,187,381) | 1,283,242) | 1,362,444) | 667,933) | 566,238) | 496,049) | 499,396) | 436,766) | 469,460) | 452,395) | 489,503) | 462,076) | 412,603) | ||||||
| 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) | ||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||
| Working capital turnover1 | 1.55 | 1.58 | 1.47 | 1.17 | 1.66 | 1.54 | 1.45 | 1.21 | 1.14 | 1.12 | 2.38 | 2.80 | 2.87 | 2.55 | 2.51 | 2.13 | 2.07 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Working Capital Turnover, Competitors2 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 2.73 | 2.95 | 2.72 | 2.42 | 3.78 | 3.36 | 2.71 | 2.64 | 2.62 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Analog Devices Inc. | 4.81 | 4.94 | 4.23 | 3.50 | 2.81 | 21.89 | 49.24 | 6.18 | 4.86 | 6.92 | 11.81 | 40.91 | 12.57 | — | — | — | — | — | — | — | ||||||
| Applied Materials Inc. | 3.02 | 2.93 | 2.89 | 2.56 | 2.36 | 2.14 | 1.95 | 1.86 | 1.93 | 2.04 | 1.94 | 2.42 | 2.54 | — | — | — | — | — | — | — | ||||||
| Broadcom Inc. | 2.90 | 3.58 | 3.80 | 3.15 | 2.66 | 2.90 | 3.27 | 3.25 | 4.32 | 3.32 | 3.00 | 5.19 | 7.49 | — | — | — | — | — | — | — | ||||||
| Intel Corp. | 3.45 | 3.24 | 3.14 | 2.34 | 2.61 | 2.47 | 3.16 | 3.59 | 3.46 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| KLA Corp. | 2.14 | 2.30 | 2.08 | 2.06 | 1.93 | 1.91 | 1.90 | 1.97 | 1.92 | 2.10 | 1.99 | 2.03 | 1.79 | — | — | — | — | — | — | — | ||||||
| Lam Research Corp. | 2.23 | 2.18 | 2.01 | 2.04 | 1.80 | 1.72 | 1.51 | 1.41 | 1.31 | 1.32 | 1.62 | 1.49 | 1.56 | — | — | — | — | — | — | — | ||||||
| Micron Technology Inc. | 2.16 | 2.06 | 2.14 | 2.17 | 2.05 | 1.95 | 1.98 | 2.04 | 1.89 | 1.73 | 1.93 | 2.10 | 2.31 | — | — | — | — | — | — | — | ||||||
| Monolithic Power Systems Inc. | 1.56 | 1.62 | 1.39 | 1.37 | 1.35 | 1.32 | 1.36 | 1.27 | 1.21 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| NVIDIA Corp. | 1.10 | 1.09 | 1.03 | 1.36 | 1.37 | 1.38 | 1.06 | 0.67 | 0.92 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Qualcomm Inc. | 4.99 | 5.88 | 4.80 | 4.53 | 4.13 | 3.96 | 3.19 | 2.53 | 2.39 | 2.62 | 4.47 | 3.50 | 3.10 | — | — | — | — | — | — | — | ||||||
| Texas Instruments Inc. | 1.81 | 1.84 | 1.87 | 1.65 | 1.65 | 1.57 | 1.87 | 1.77 | 1.84 | — | — | — | — | — | — | — | — | — | — | — | ||||||
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
Working capital turnover
= (RevenuesQ4 2022
+ RevenuesQ3 2022
+ RevenuesQ2 2022
+ RevenuesQ1 2022)
÷ Working capital
= (890,702 + 836,723 + 727,774 + 655,080)
÷ 2,009,941 = 1.55
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | SolarEdge Technologies Inc. working capital turnover ratio improved from Q2 2022 to Q3 2022 but then slightly deteriorated from Q3 2022 to Q4 2022. |
Average Inventory Processing Period
SolarEdge Technologies Inc., average inventory processing period calculation (quarterly data)
| 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 | ||||||||||||||||||||||||||
| Inventory turnover | 3.11 | 3.61 | 3.76 | 3.57 | 3.51 | 3.91 | 3.31 | 2.86 | 3.01 | 3.45 | 4.03 | 5.30 | 5.54 | 6.37 | 4.99 | 4.47 | 4.37 | — | — | — | ||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||
| Average inventory processing period1 | 117 | 101 | 97 | 102 | 104 | 93 | 110 | 128 | 121 | 106 | 91 | 69 | 66 | 57 | 73 | 82 | 84 | — | — | — | ||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||
| Average Inventory Processing Period, Competitors2 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 106 | 101 | 86 | 91 | 84 | 88 | 89 | 96 | 94 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Analog Devices Inc. | 114 | 96 | 97 | 100 | 157 | 115 | 116 | 115 | 116 | 117 | 113 | 111 | 113 | — | — | — | — | — | — | — | ||||||
| Applied Materials Inc. | 157 | 151 | 140 | 131 | 129 | 130 | 138 | 143 | 150 | 159 | 157 | 150 | 154 | — | — | — | — | — | — | — | ||||||
| Broadcom Inc. | 63 | 62 | 57 | 53 | 45 | 40 | 35 | 33 | 35 | 38 | 34 | 34 | 32 | — | — | — | — | — | — | — | ||||||
| Intel Corp. | 133 | 126 | 121 | 123 | 112 | 104 | 93 | 88 | 90 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| KLA Corp. | 218 | 214 | 208 | 211 | 207 | 202 | 207 | 206 | 195 | 191 | 197 | 219 | 247 | — | — | — | — | — | — | — | ||||||
| Lam Research Corp. | 155 | 140 | 126 | 124 | 126 | 131 | 135 | 132 | 128 | 117 | 107 | 104 | 106 | — | — | — | — | — | — | — | ||||||
| Micron Technology Inc. | 144 | 119 | 116 | 101 | 95 | 98 | 106 | 133 | 138 | 137 | 139 | 137 | 147 | — | — | — | — | — | — | — | ||||||
| Monolithic Power Systems Inc. | 219 | 208 | 209 | 200 | 181 | 157 | 140 | 153 | 151 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| NVIDIA Corp. | 101 | 94 | 97 | 100 | 106 | 99 | 105 | 96 | 86 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Qualcomm Inc. | 124 | 112 | 102 | 93 | 83 | 87 | 83 | 88 | 102 | 99 | 72 | 61 | 59 | — | — | — | — | — | — | — | ||||||
| Texas Instruments Inc. | 161 | 143 | 133 | 127 | 117 | 115 | 117 | 127 | 137 | — | — | — | — | — | — | — | — | — | — | — | ||||||
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
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 3.11 = 117
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | SolarEdge Technologies Inc. number of days of inventory outstanding deteriorated from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022. |
Average Receivable Collection Period
SolarEdge Technologies Inc., average receivable collection period calculation (quarterly data)
| 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 | ||||||||||||||||||||||||||
| Receivables turnover | 3.44 | 3.53 | 3.68 | 3.27 | 4.30 | 4.25 | 4.60 | 5.28 | 6.67 | 8.30 | 8.76 | 6.73 | 4.78 | 4.35 | 4.61 | 5.33 | 5.40 | — | — | — | ||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||
| Average receivable collection period1 | 106 | 103 | 99 | 112 | 85 | 86 | 79 | 69 | 55 | 44 | 42 | 54 | 76 | 84 | 79 | 68 | 68 | — | — | — | ||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||
| Average Receivable Collection Period, Competitors2 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 64 | 69 | 69 | 71 | 60 | 55 | 55 | 70 | 77 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Analog Devices Inc. | 55 | 57 | 60 | 71 | 73 | 46 | 48 | 52 | 48 | 45 | 39 | 37 | 39 | — | — | — | — | — | — | — | ||||||
| Applied Materials Inc. | 86 | 72 | 72 | 67 | 78 | 65 | 62 | 61 | 63 | 63 | 62 | 65 | 63 | — | — | — | — | — | — | — | ||||||
| Broadcom Inc. | 33 | 31 | 38 | 33 | 28 | 31 | 35 | 37 | 35 | 42 | 51 | 59 | 53 | — | — | — | — | — | — | — | ||||||
| Intel Corp. | 24 | 39 | 30 | 33 | 44 | 39 | 35 | 34 | 32 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| KLA Corp. | 72 | 68 | 77 | 72 | 69 | 68 | 73 | 63 | 70 | 73 | 82 | 80 | 79 | — | — | — | — | — | — | — | ||||||
| Lam Research Corp. | 91 | 81 | 75 | 79 | 76 | 77 | 89 | 77 | 76 | 83 | 78 | 63 | 55 | — | — | — | — | — | — | — | ||||||
| Micron Technology Inc. | 61 | 70 | 63 | 65 | 70 | 61 | 52 | 61 | 67 | 65 | 57 | 60 | 50 | — | — | — | — | — | — | — | ||||||
| Monolithic Power Systems Inc. | 37 | 34 | 31 | 33 | 32 | 26 | 27 | 33 | 29 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| NVIDIA Corp. | 63 | 59 | 60 | 57 | 53 | 63 | 58 | 59 | 55 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Texas Instruments Inc. | 35 | 37 | 41 | 35 | 34 | 34 | 35 | 37 | 36 | — | — | — | — | — | — | — | — | — | — | — | ||||||
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
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 3.44 = 106
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | SolarEdge Technologies Inc. number of days of receivables outstanding deteriorated from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022. |
Operating Cycle
SolarEdge Technologies Inc., operating cycle calculation (quarterly data)
No. days
| 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 | ||||||||||||||||||||||||||
| Average inventory processing period | 117 | 101 | 97 | 102 | 104 | 93 | 110 | 128 | 121 | 106 | 91 | 69 | 66 | 57 | 73 | 82 | 84 | — | — | — | ||||||
| Average receivable collection period | 106 | 103 | 99 | 112 | 85 | 86 | 79 | 69 | 55 | 44 | 42 | 54 | 76 | 84 | 79 | 68 | 68 | — | — | — | ||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||
| Operating cycle1 | 223 | 204 | 196 | 214 | 189 | 179 | 189 | 197 | 176 | 150 | 133 | 123 | 142 | 141 | 152 | 150 | 152 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Operating Cycle, Competitors2 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 170 | 170 | 155 | 162 | 144 | 143 | 144 | 166 | 171 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Analog Devices Inc. | 169 | 153 | 157 | 171 | 230 | 161 | 164 | 167 | 164 | 162 | 152 | 148 | 152 | — | — | — | — | — | — | — | ||||||
| Applied Materials Inc. | 243 | 223 | 212 | 198 | 207 | 195 | 200 | 204 | 213 | 222 | 219 | 215 | 217 | — | — | — | — | — | — | — | ||||||
| Broadcom Inc. | 96 | 93 | 95 | 86 | 73 | 71 | 70 | 70 | 70 | 80 | 85 | 93 | 85 | — | — | — | — | — | — | — | ||||||
| Intel Corp. | 157 | 165 | 151 | 156 | 156 | 143 | 128 | 122 | 122 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| KLA Corp. | 290 | 282 | 285 | 283 | 276 | 270 | 280 | 269 | 265 | 264 | 279 | 299 | 326 | — | — | — | — | — | — | — | ||||||
| Lam Research Corp. | 246 | 221 | 201 | 203 | 202 | 208 | 224 | 209 | 204 | 200 | 185 | 167 | 161 | — | — | — | — | — | — | — | ||||||
| Micron Technology Inc. | 205 | 189 | 179 | 166 | 165 | 159 | 158 | 194 | 205 | 202 | 196 | 197 | 197 | — | — | — | — | — | — | — | ||||||
| Monolithic Power Systems Inc. | 256 | 242 | 240 | 233 | 213 | 183 | 167 | 186 | 180 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| NVIDIA Corp. | 164 | 153 | 157 | 157 | 159 | 162 | 163 | 155 | 141 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Texas Instruments Inc. | 196 | 180 | 174 | 162 | 151 | 149 | 152 | 164 | 173 | — | — | — | — | — | — | — | — | — | — | — | ||||||
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
Operating cycle = Average inventory processing period + Average receivable collection period
= 117 + 106 = 223
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | SolarEdge Technologies Inc. operating cycle deteriorated from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022. |
Average Payables Payment Period
SolarEdge Technologies Inc., average payables payment period calculation (quarterly data)
| 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 | ||||||||||||||||||||||||||
| Payables turnover | 4.93 | 6.51 | 6.97 | 6.40 | 5.29 | 8.65 | 7.56 | 7.96 | 6.16 | 8.40 | 6.74 | 7.56 | 6.02 | 6.47 | 6.36 | 7.47 | 5.77 | — | — | — | ||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||
| Average payables payment period1 | 74 | 56 | 52 | 57 | 69 | 42 | 48 | 46 | 59 | 43 | 54 | 48 | 61 | 56 | 57 | 49 | 63 | — | — | — | ||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||
| Average Payables Payment Period, Competitors2 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 70 | 70 | 49 | 55 | 57 | 48 | 42 | 55 | 32 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Analog Devices Inc. | 47 | 43 | 41 | 45 | 58 | 47 | 50 | 42 | 43 | 41 | 37 | 40 | 42 | — | — | — | — | — | — | — | ||||||
| Broadcom Inc. | 33 | 24 | 37 | 37 | 37 | 33 | 29 | 31 | 29 | 39 | 44 | 36 | 31 | — | — | — | — | — | — | — | ||||||
| Intel Corp. | 97 | 70 | 79 | 74 | 60 | 72 | 63 | 56 | 59 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| KLA Corp. | 45 | 46 | 43 | 47 | 45 | 41 | 38 | 38 | 39 | 37 | 40 | 39 | 40 | — | — | — | — | — | — | — | ||||||
| Lam Research Corp. | 39 | 41 | 39 | 36 | 39 | 39 | 41 | 41 | 40 | 35 | 32 | 29 | 26 | — | — | — | — | — | — | — | ||||||
| Monolithic Power Systems Inc. | 30 | 41 | 45 | 46 | 58 | 54 | 46 | 50 | 37 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| NVIDIA Corp. | 69 | 70 | 68 | 61 | 70 | 72 | 67 | 65 | 60 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Qualcomm Inc. | 74 | 77 | 83 | 85 | 70 | 76 | 79 | 83 | 89 | 87 | 87 | 74 | 58 | — | — | — | — | — | — | — | ||||||
| Texas Instruments Inc. | 50 | 46 | 43 | 39 | 40 | 37 | 37 | 38 | 29 | — | — | — | — | — | — | — | — | — | — | — | ||||||
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
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 4.93 = 74
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | SolarEdge Technologies Inc. number of days of payables outstanding increased from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022. |
Cash Conversion Cycle
SolarEdge Technologies Inc., cash conversion cycle calculation (quarterly data)
No. days
| 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 | ||||||||||||||||||||||||||
| Average inventory processing period | 117 | 101 | 97 | 102 | 104 | 93 | 110 | 128 | 121 | 106 | 91 | 69 | 66 | 57 | 73 | 82 | 84 | — | — | — | ||||||
| Average receivable collection period | 106 | 103 | 99 | 112 | 85 | 86 | 79 | 69 | 55 | 44 | 42 | 54 | 76 | 84 | 79 | 68 | 68 | — | — | — | ||||||
| Average payables payment period | 74 | 56 | 52 | 57 | 69 | 42 | 48 | 46 | 59 | 43 | 54 | 48 | 61 | 56 | 57 | 49 | 63 | — | — | — | ||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||
| Cash conversion cycle1 | 149 | 148 | 144 | 157 | 120 | 137 | 141 | 151 | 117 | 107 | 79 | 75 | 81 | 85 | 95 | 101 | 89 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Cash Conversion Cycle, Competitors2 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 100 | 100 | 106 | 107 | 87 | 95 | 102 | 111 | 139 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Analog Devices Inc. | 122 | 110 | 116 | 126 | 172 | 114 | 114 | 125 | 121 | 121 | 115 | 108 | 110 | — | — | — | — | — | — | — | ||||||
| Broadcom Inc. | 63 | 69 | 58 | 49 | 36 | 38 | 41 | 39 | 41 | 41 | 41 | 57 | 54 | — | — | — | — | — | — | — | ||||||
| Intel Corp. | 60 | 95 | 72 | 82 | 96 | 71 | 65 | 66 | 63 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| KLA Corp. | 245 | 236 | 242 | 236 | 231 | 229 | 242 | 231 | 226 | 227 | 239 | 260 | 286 | — | — | — | — | — | — | — | ||||||
| Lam Research Corp. | 207 | 180 | 162 | 167 | 163 | 169 | 183 | 168 | 164 | 165 | 153 | 138 | 135 | — | — | — | — | — | — | — | ||||||
| Monolithic Power Systems Inc. | 226 | 201 | 195 | 187 | 155 | 129 | 121 | 136 | 143 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| NVIDIA Corp. | 95 | 83 | 89 | 96 | 89 | 90 | 96 | 90 | 81 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Texas Instruments Inc. | 146 | 134 | 131 | 123 | 111 | 112 | 115 | 126 | 144 | — | — | — | — | — | — | — | — | — | — | — | ||||||
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
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 117 + 106 – 74 = 149
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | SolarEdge Technologies Inc. cash conversion cycle deteriorated from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022. |