SolarEdge Technologies Inc (SEDG)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	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	1,425,660	1,271,107
Total assets	US$ in thousands	3,948,210	4,166,820	4,587,730	4,651,150	4,696,560	4,496,430	4,265,950	3,903,550	3,772,780	3,682,920	2,900,950	2,656,830	2,564,320	2,464,600	2,437,110	2,278,300	1,605,830	1,513,840	1,494,620	1,337,590
Total asset turnover		0.38	0.54	0.65	0.76	0.78	0.76	0.73	0.71	0.65	0.60	0.68	0.67	0.62	0.58	0.60	0.67	0.99	1.05	0.95	0.95

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,511,153K ÷ $3,948,210K
= 0.38

SolarEdge Technologies Inc's total asset turnover ratio has shown fluctuation over the past few years. The ratio measures the company's ability to generate revenues relative to its total assets.

The ratio was relatively stable around 0.60 to 0.70 from 2020 to 2023, indicating that the company was generating $0.60 to $0.70 in revenue for every dollar of assets. However, there was a significant decrease in the ratio in the first half of 2024, dropping to 0.38 in June, which suggests that the company may be facing challenges in efficiently utilizing its assets to generate revenue.

The highest total asset turnover ratio was seen in September 2019 and June 2020 at 1.05 and 0.99, respectively, indicating that the company was generating more revenue per dollar of assets during those periods.

Overall, the trend in SolarEdge Technologies Inc's total asset turnover ratio indicates some variability in the company's efficiency in utilizing its assets to generate sales, with potential fluctuations in its operational effectiveness and revenue generation strategies.