SolarEdge Technologies Inc (SEDG)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	-511,688	-261,360	34,329	217,541	303,460	199,034	93,779	113,904	142,209	172,217	169,170	145,871	136,574	128,150	140,322	175,445	173,321	169,781	146,549	45,608
Total stockholders’ equity	US$ in thousands	2,106,190	2,240,550	2,411,910	2,490,410	2,520,190	2,350,790	2,176,370	2,052,130	2,027,530	2,010,520	1,310,040	1,242,080	1,177,790	1,099,920	1,085,760	1,032,040	924,801	866,418	811,670	732,012
ROE		-24.29%	-11.66%	1.42%	8.74%	12.04%	8.47%	4.31%	5.55%	7.01%	8.57%	12.91%	11.74%	11.60%	11.65%	12.92%	17.00%	18.74%	19.60%	18.06%	6.23%

June 30, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-511,688K ÷ $2,106,190K
= -24.29%

SolarEdge Technologies Inc's return on equity (ROE) has exhibited fluctuations over the past few quarters. The ROE deteriorated significantly to -24.29% as of June 30, 2024, indicating a negative return for shareholders. This negative trend was observed in the first quarter of 2024 as well, with ROE at -11.66%. However, there was a slight improvement in the ROE for the last quarter of 2023, where it stood at 1.42%. The ROE then increased to 8.74% as of September 30, 2023.

Prior to these recent declines, SolarEdge's ROE had been relatively stable and improving, with values ranging from 8.47% to 12.91% from March 31, 2023, through June 30, 2022. The highest ROE of 19.60% was recorded as of December 31, 2019.

Overall, SolarEdge Technologies Inc's ROE has shown volatility, with recent periods experiencing a downward trend. It would be crucial for stakeholders to closely monitor the company's financial performance and efficiency in utilizing shareholder equity to generate returns.