SolarEdge Technologies Inc (SEDG)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	2,272,700	2,265,630	1,334,550	997,912	946,322
Payables	US$ in thousands	386,471	459,831	252,068	162,051	157,148
Payables turnover		5.88	4.93	5.29	6.16	6.02

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $2,272,700K ÷ $386,471K
= 5.88

To calculate Solaredge Technologies Inc's payables turnover, we need the accounts payable figures for each year, along with the cost of goods sold (COGS). The payables turnover ratio is calculated as follows:

Payables Turnover = COGS / Average Accounts Payable

Without the specific data for Solaredge Technologies Inc's accounts payable and COGS for the years 2019 to 2023, we are unable to calculate the payables turnover ratio for these years. The payables turnover ratio provides insight into how efficiently a company is managing its accounts payable by measuring how many times a company pays off its average accounts payable balance during a specific period. A higher payables turnover ratio typically indicates that the company is managing its payables effectively, whereas a lower ratio may suggest inefficiencies in payment management. I recommend obtaining the necessary financial data to calculate the payables turnover ratio for Solaredge Technologies Inc and further analyze its financial performance in managing its accounts payable.