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SEDG (SolarEdge Technologies) Asset Turnover : 0.08 (As of Sep. 2024)


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What is SolarEdge Technologies Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. SolarEdge Technologies's Revenue for the three months ended in Sep. 2024 was $261 Mil. SolarEdge Technologies's Total Assets for the quarter that ended in Sep. 2024 was $3,382 Mil. Therefore, SolarEdge Technologies's Asset Turnover for the quarter that ended in Sep. 2024 was 0.08.

Asset Turnover is linked to ROE % through Du Pont Formula. SolarEdge Technologies's annualized ROE % for the quarter that ended in Sep. 2024 was -314.85%. It is also linked to ROA % through Du Pont Formula. SolarEdge Technologies's annualized ROA % for the quarter that ended in Sep. 2024 was -142.54%.


SolarEdge Technologies Asset Turnover Historical Data

The historical data trend for SolarEdge Technologies's Asset Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SolarEdge Technologies Asset Turnover Chart

SolarEdge Technologies Annual Data
Trend Jun14 Jun15 Jun16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.16 0.74 0.74 0.87 0.67

SolarEdge Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.07 0.05 0.07 0.08

Competitive Comparison of SolarEdge Technologies's Asset Turnover

For the Solar subindustry, SolarEdge Technologies's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SolarEdge Technologies's Asset Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, SolarEdge Technologies's Asset Turnover distribution charts can be found below:

* The bar in red indicates where SolarEdge Technologies's Asset Turnover falls into.



SolarEdge Technologies Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

SolarEdge Technologies's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=2976.528/( (4265.949+4587.731)/ 2 )
=2976.528/4426.84
=0.67

SolarEdge Technologies's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=260.903/( (3948.214+2816.394)/ 2 )
=260.903/3382.304
=0.08

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


SolarEdge Technologies  (NAS:SEDG) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

SolarEdge Technologies's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=-4821.284/1531.2775
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-4821.284 / 1043.612)*(1043.612 / 3382.304)*(3382.304/ 1531.2775)
=Net Margin %*Asset Turnover*Equity Multiplier
=-461.98 %*0.3086*2.2088
=ROA %*Equity Multiplier
=-142.54 %*2.2088
=-314.85 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

SolarEdge Technologies's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=-4821.284/3382.304
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-4821.284 / 1043.612)*(1043.612 / 3382.304)
=Net Margin %*Asset Turnover
=-461.98 %*0.3086
=-142.54 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


SolarEdge Technologies Asset Turnover Related Terms

Thank you for viewing the detailed overview of SolarEdge Technologies's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


SolarEdge Technologies Business Description

Traded in Other Exchanges
Address
1 HaMada Street, Post Box 12001, Herziliya Pituach, ISR, 4673335
SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers.
Executives
Marcel Gani director 142 ALMENDRAL AVE, ATHERTON CA 94027
More Avery director 5930 ROYAL LANE SUITE E-120, DALLAS TX 75230
Ronen Faier officer: Chief Financial Officer MARVA 11, HERZLIA L3 46417
Dana Rebecca Gross director C/O PLAYTIKA LTD., HACHOSHLIM ST 8, HERZLIYA PITUARCH L3 4672408
Meir Adest officer: VP, Core Technologies 1 HAMADA STREET, HERZILIYA PITUACH L3 4673335
Uri Bechor officer: Chief Operating Officer 1 HAMADA STREET, HERZILIYA PITUACH L3 4673335
Zvi Lando officer: Vice President, Global Sales 1 HAMADA STREET, HERZILIYA PITUACH L3 4673335
Rachel Prishkolnik officer: VP, GC and Corporate Secretary 1 HAMADA STREET, HERZILIYA PITUACH L3 4673335
Dirk Hoke director 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Doron Inbar director C/O CARMEL VENTURES, 12 ABBA EBAN AVENUE, HERZELIYA L3 46725
Yoav Galin officer: VP, Research and Development 1 HAMADA STREET, HERZILIYA PITUACH L3 4673335
Tal Payne director 1 HAMADA STREET, HERZILIYA PITUACH L3 4673335
Betsy S Atkins director
Jonathan Cheifetz director 9 EIN YAKOV ST., TEL AVIV L3 65155
Lior Handelsman officer: VP, Marktng and Prod Strategy 1 HAMADA STREET, HERZILIYA PITUACH L3 4673335