SolarEdge Technologies Inc (SEDG)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		19.02	5.88	4.93	5.29	6.16
Number of days of payables	days	19.19	62.07	74.08	68.94	59.27

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.02
= 19.19

To analyze SolarEdge Technologies Inc's number of days of payables, we look at the trend over the years provided:

1. December 31, 2020: The company took approximately 59.27 days, on average, to pay its payables.

2. December 31, 2021: The number of days increased to 68.94 days, indicating that the company took longer to pay its payables compared to the previous year.

3. December 31, 2022: The days of payables further increased to 74.08 days, suggesting a continued trend of slower payment to suppliers or creditors.

4. December 31, 2023: There was a slight decrease to 62.07 days, possibly indicating some improvement in managing payables.

5. December 31, 2024: A significant reduction to 19.19 days was observed, which signals a substantial improvement in the company's ability to manage and pay its payables more efficiently compared to the previous year.

Overall, the trend in SolarEdge Technologies Inc's number of days of payables shows some fluctuations but generally reveals an effort to improve efficiency in managing payables, with a notable improvement seen in the most recent year. However, it is essential to understand the reasons behind these fluctuations and improvements to assess the overall financial health and management effectiveness of the company.