SolarEdge Technologies Inc (SEDG)

Fixed asset turnover

		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	Sep 30, 2019
Revenue (ttm)	US$ in thousands	1,511,153	2,237,038	2,976,528	3,551,186	3,662,604	3,399,088	3,110,279	2,771,492	2,461,173	2,213,456	1,963,865	1,770,057	1,581,748	1,433,542	1,459,271	1,519,387	1,591,848	1,585,007	1,425,660	1,271,107
Property, plant and equipment	US$ in thousands	595,623	605,223	614,579	604,819	580,503	556,138	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
Fixed asset turnover		2.54	3.70	4.84	5.87	6.31	6.11	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

June 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,511,153K ÷ $595,623K
= 2.54

The fixed asset turnover of SolarEdge Technologies Inc has fluctuated over the past years, ranging from a low of 2.54 to a high of 8.49. The trend shows an overall increase in the fixed asset turnover ratio from 2019 to 2024, indicating the company's ability to generate revenue relative to its investment in fixed assets has been improving. A higher fixed asset turnover ratio suggests that the company is efficiently utilizing its fixed assets to generate sales. It is important to note that a high fixed asset turnover ratio may also indicate that the company is highly efficient or that it has a lower amount of fixed assets relative to its sales. Overall, the increasing trend in fixed asset turnover for SolarEdge Technologies Inc signals positive operational efficiency and effective utilization of fixed assets.