SolarEdge Technologies Inc (SEDG)

Days of inventory on hand (DOH)

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	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
Inventory turnover		2.31	0.97	1.20	1.57	2.15	2.60	2.78	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
DOH	days	158.15	375.78	304.07	231.82	169.93	140.21	131.14	117.48	101.06	97.17	102.16	103.97	93.39	110.11	127.67	121.32	105.76	90.52	68.91	65.88

September 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.31
= 158.15

The Days of Inventory on Hand (DOH) for SolarEdge Technologies Inc has shown volatility over the past eight quarters. The trend indicates an increase in the number of days the company holds inventory before selling it, which could potentially signal inefficiencies in inventory management or changes in demand patterns.

Notably, the DOH peaked at 375.78 days in June 2024, marking a significant spike compared to previous quarters. This could suggest potential challenges in inventory control during that period. Conversely, in December 2019, the DOH was at its lowest point of 65.88 days, indicating a more efficient inventory turnover during that period.

Overall, it is crucial for SolarEdge Technologies Inc to closely monitor and manage its inventory levels to optimize working capital and ensure smooth operations. Further analysis of the company's inventory management practices and demand forecasting might be required to address any potential inefficiencies highlighted by the increasing DOH trend.