Array Technologies (ARRY) Change in Accured Expenses (2019 - 2024)
Array Technologies (ARRY) recorded quarterly Change in Accured Expenses of $34.5 million in Q4 2024, up 274.59% quarter-over-quarter from -$19.8 million in Q3 2024, and up 362.12% on a YoY basis from $7.5 million in Q1 2024.
Array Technologies (ARRY) Change in Accured Expenses (2019 - 2024) Analysis & Trends
Array Technologies' Change in Accured Expenses history runs 6 years deep, the most recent figure standing at $34.5 million for Q4 2024.
- In Q4 2024, Change in Accured Expenses rose 362.12% year-over-year to $34.5 million; the TTM figure through Dec 2024 stood at -$436000.0 (down 108.19% YoY), while the FY2025 annual figure was -$54.1 million, down 12316.51% from the prior year.
- Change in Accured Expenses was $34.5 million for Q4 2024 at Array Technologies, up from -$19.8 million in the prior quarter.
- In the past five years, Change in Accured Expenses ranged from a high of $37.9 million in Q3 2022 to a low of -$50.6 million in Q1 2024.
- Historically, Change in Accured Expenses has averaged $1.3 million across 5 years, with a median of $5.7 million in 2020.
- Biggest YoY gain for Change in Accured Expenses was 1007.19% in 2024; the steepest drop was 1396.64% in 2024.
- A 5-year view of Change in Accured Expenses shows it stood at $6.3 million in 2020, then increased by 18.84% to $7.4 million in 2021, then slumped by 640.23% to -$40.2 million in 2022, then soared by 67.3% to -$13.2 million in 2023, then soared by 362.12% to $34.5 million in 2024.
- The last three Change in Accured Expenses figures came in at $34.5 million (Q4 2024), -$19.8 million (Q3 2024), and $35.4 million (Q2 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Accured Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | -32.03 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | - |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | -118.13 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 9.63 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | -16.11 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 2.51 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | - |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | - |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | -847,000.00 |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 34.49 Mn |
| Dec 31, 2024 | 34.49 Mn |
| Sep 30, 2024 | -19.76 Mn |
| Sep 30, 2024 | -19.76 Mn |
| Jun 30, 2024 | 35.40 Mn |
| Jun 30, 2024 | 35.40 Mn |
| Mar 31, 2024 | -50.57 Mn |
| Mar 31, 2024 | -50.57 Mn |
| Dec 31, 2023 | -13.16 Mn |
| Dec 31, 2023 | -13.16 Mn |
| Sep 30, 2023 | 11.39 Mn |
| Sep 30, 2023 | 11.39 Mn |
| Jun 30, 2023 | 3.20 Mn |
| Jun 30, 2023 | 3.20 Mn |
| Mar 31, 2023 | 3.90 Mn |
| Mar 31, 2023 | 3.90 Mn |
| Dec 31, 2022 | -40.25 Mn |
| Dec 31, 2022 | -40.25 Mn |
| Sep 30, 2022 | 37.92 Mn |
| Sep 30, 2022 | 37.92 Mn |