SolarEdge Technologies Inc (SEDG)

Number of days of payables

		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
Payables turnover		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	3.89
Number of days of payables	days	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	93.90

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.88
= 33.56

The number of days of payables for SolarEdge Technologies Inc has varied over the past few quarters. The trend indicates that payables are typically settled within a range of 33 to 74 days. In the most recent quarter, ending June 30, 2024, the company took an average of 33.56 days to settle its payables.

It is important to note that a lower number of days of payables suggests that the company is able to effectively manage its outstanding debts with suppliers, possibly taking advantage of early payment discounts or negotiating favorable credit terms. Conversely, a higher number of days of payables may indicate liquidity issues or strained supplier relationships.

Overall, a consistent and efficient management of payables is essential for healthy working capital management and cash flow optimization in any business.