SolarEdge Technologies Inc (SEDG)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-1,623,923	-564,824	-268,019	80,749	347,458	431,484	299,443	177,155	160,745	162,493	194,608	187,224	177,317	162,813	150,527	163,666	200,878	203,616	208,427	180,195
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
Pretax margin		-155.14%	-37.38%	-11.98%	2.71%	9.78%	11.78%	8.81%	5.70%	5.80%	6.60%	8.79%	9.53%	10.02%	10.29%	10.50%	11.22%	13.22%	12.79%	13.15%	12.64%

September 30, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-1,623,923K ÷ $1,046,751K
= -155.14%

SolarEdge Technologies Inc's pretax margin has been quite volatile over the past few quarters. It started the period at 12.64% in December 2019 and trended upwards until reaching a peak of 13.22% in March 2020. However, there was a slight decline in pretax margin for the next few quarters until March 2021, where it stood at 10.50%.

From March 2021 to March 2023, the pretax margin exhibited a fluctuating pattern, with some quarters showing improvements while others experienced declines. Notably, the company faced challenges in maintaining profitability, with pretax margins turning negative (-155.14%) in September 2024.

Overall, SolarEdge Technologies Inc's pretax margin has shown inconsistency and negative trends in recent quarters. It would be important for the company to analyze the factors contributing to these fluctuations and implement strategies to enhance profitability and stabilize its margins in the future.