SolarEdge Technologies Inc (SEDG)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	-1,655,832	-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
Total stockholders’ equity	US$ in thousands	956,366	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
ROE		-173.14%	-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%

September 30, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-1,655,832K ÷ $956,366K
= -173.14%

SolarEdge Technologies Inc's return on equity (ROE) has displayed significant fluctuations over the past few quarters. The ROE has ranged from a low of -173.14% in September 2024 to a high of 19.60% in March 2020.

The negative ROE values in recent quarters (September 2024, June 2024, and March 2024) indicate that the company's net income is not sufficient to cover shareholder equity, which could be a cause for concern. However, the positive ROE values in earlier quarters show that the company has been more profitable in the past.

Overall, the trend suggests that SolarEdge Technologies Inc has experienced challenges in generating consistent returns for its shareholders in recent quarters, and it may need to address its profitability and efficiency to improve its ROE in the future.