SolarEdge Technologies Inc (SEDG)

Receivables turnover

		Dec 31, 2024	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
Revenue (ttm)	US$ in thousands	901,456	1,046,751	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
Receivables	US$ in thousands	0	32,297	82,297	61,480	55,418	8,125	1,291,630	1,116,780	0	785,325	669,100	676,820	527,380	416,244	343,652	271,713	275,323	183,141	181,700	235,673
Receivables turnover		—	32.41	18.36	36.39	53.71	437.07	2.84	3.04	—	3.53	3.68	3.27	3.72	4.25	4.60	5.28	5.30	8.30	8.76	6.73

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $901,456K ÷ $0K
= —

The receivables turnover of SolarEdge Technologies Inc has shown a fluctuating trend over the reporting periods provided. The ratio, which measures how efficiently a company is collecting its accounts receivable, initially started at a healthy level in March 2020 at 6.73.

Subsequently, there was an improvement in the efficiency of receivables collection, evident in the increase to 8.76 in June 2020, and 8.30 in September 2020. However, there was a notable decline in December 2020 to 5.30, which suggests a potential slowdown in collecting receivables during that period.

The trend continued downwards into the following year, with the ratio dropping to 5.28 in March 2021 and further declining to 4.60 in June 2021. This downward trend persisted throughout 2021 and into 2022, with the ratio reaching 3.27 in March 2022.

There was a slight improvement in the following quarter, with the ratio increasing to 3.68 in June 2022. However, this improvement was short-lived as the ratio decreased to 3.53 in September 2022. There is missing data for receivables turnover for December 2022.

In March 2023, the receivables turnover ratio significantly increased to 437.07, indicating a potentially distorted outlier in the data which may need verification or context to understand. This was followed by a substantial decrease to 53.71 in December 2023, and a further decline to 36.39 in March 2024.

The ratio continued to decrease in the subsequent quarters, reaching 18.36 in June 2024 and further dropping to 32.41 in September 2024. Notably, there is missing data for receivables turnover for December 2024.

Overall, the fluctuating trend in receivables turnover may indicate varying efficiency in collecting accounts receivable over the reporting periods, with some potential anomalies that warrant further investigation to understand the underlying reasons for these fluctuations.