Array Technologies (ARRY) Receivables Refunds (2019 - 2023)
Array Technologies' quarterly Receivables Refunds came in at $367000.0 in Q3 2023, down 97.12% year-on-year from $12.8 million in Q3 2022, and up 17.63% quarter-over-quarter from $312000.0 in Q2 2023.
Array Technologies has reported Receivables Refunds for 5 years, with the latest figure at $367000.0 in Q3 2023.
- For the quarter ending Q3 2023, Receivables Refunds fell 97.12% year-over-year to $367000.0; the trailing twelve-month figure through Sep 2023 stood at $367000.0 (down 97.12% YoY), and the FY2022 full-year result was $3.5 million, down 60.98% from the prior year.
- Receivables Refunds for Q3 2023 stood at $367000.0, up from $312000.0 in the prior quarter.
- The five-year high for Receivables Refunds was $31.1 million in Q1 2022, with the low at $312000.0 in Q2 2023.
- Average Receivables Refunds over 5 years is $9.3 million, with a median of $7.7 million recorded in 2021.
- Year-over-year, Receivables Refunds surged 2632.17% in 2020 and sank 98.08% in 2023.
- Tracing ARRY's Receivables Refunds over 5 years: stood at $628000.0 in 2019, then surged by 2632.17% to $17.2 million in 2020, then plunged by 47.24% to $9.1 million in 2021, then sank by 60.98% to $3.5 million in 2022, then tumbled by 89.61% to $367000.0 in 2023.
- The last three Receivables Refunds figures came in at $367000.0 (Q3 2023), $312000.0 (Q2 2023), and $3.2 million (Q1 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Refund Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | - |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | - |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 252.25 Mn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | - |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | - |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | - |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | - |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | - |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | - |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | 367,000.00 |
| Jun 30, 2023 | 312,000.00 |
| Mar 31, 2023 | 3.16 Mn |
| Dec 31, 2022 | 3.53 Mn |
| Sep 30, 2022 | 12.77 Mn |
| Jun 30, 2022 | 16.22 Mn |
| Mar 31, 2022 | 31.08 Mn |
| Dec 31, 2021 | 9.05 Mn |
| Sep 30, 2021 | 7.48 Mn |
| Jun 30, 2021 | 7.92 Mn |
| Mar 31, 2021 | 4.16 Mn |
| Dec 31, 2020 | 17.16 Mn |
| Sep 30, 2020 | 16.52 Mn |
| Dec 31, 2019 | 628,000.00 |