SolarEdge Technologies Inc (SEDG)

Number of days of payables

		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
Payables turnover		19.45	10.88	10.85	5.88	6.34	5.90	5.96	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
Number of days of payables	days	18.76	33.56	33.65	62.07	57.61	61.91	61.28	74.08	56.09	52.36	57.07	68.94	42.18	48.29	45.83	59.27	43.48	54.17	48.29	60.61

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.45
= 18.76

The number of days of payables for SolarEdge Technologies Inc has shown some fluctuations over the past several quarters. As of September 30, 2024, the company took approximately 18.76 days, on average, to pay its accounts payable. This represents a significant decrease from the previous quarter where the number of days of payables was 33.56 days.

Historically, the company's number of days of payables has varied, with peaks observed in December 2022 (74.08 days) and June 2023 (61.91 days). However, there have been periods of lower days of payables as well, such as in September 2021 (42.18 days) and March 2021 (45.83 days).

Analyzing the trend, it seems that SolarEdge Technologies Inc has been managing its payables more efficiently in recent quarters, as evidenced by the shorter days of payables. A lower number of days of payables may indicate better cash flow management or negotiation with suppliers to extend payment terms. However, it is essential to monitor this ratio over time to ensure sustainable financial health and vendor relationships.