SolarEdge Technologies Inc (SEDG)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	-795,907	49,236	377,510	703,823	1,021,295	1,100,479	965,816	844,648	744,092	694,652	668,202	629,318	579,152	514,654	461,425	461,359	494,283	525,529	533,236	479,338
Revenue (ttm)	US$ in thousands	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	1,425,660
Gross profit margin		-76.04%	3.26%	16.88%	23.65%	28.76%	30.05%	28.41%	27.16%	26.85%	28.22%	30.19%	32.04%	32.72%	32.54%	32.19%	31.62%	32.53%	33.01%	33.64%	33.62%

September 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-795,907K ÷ $1,046,751K
= -76.04%

The gross profit margin of SolarEdge Technologies Inc has shown fluctuations over the past few quarters. The margin has ranged from a low of -76.04% in September 30, 2024, to a high of 33.64% in March 31, 2020.

During the most recent quarter, the gross profit margin was 3.26% in June 30, 2024, indicating a slim margin for the company. This was a decrease from the previous quarter's margin of 16.88% in March 31, 2024.

Overall, the trend in gross profit margin for SolarEdge Technologies Inc has been positive over the past years, with margins generally improving from around 2019 to 2021. However, there have been some recent declines in the margin, which could be a cause for further analysis and investigation into the company's cost structure and pricing strategies.