Solaredge Technologies (SEDG) Work In Process (2018 - 2021)
Solaredge Technologies' (SEDG) quarterly Work In Process came in at $21.8 million in Q3 2021, down 3.29% year-over-year from $22.5 million in Q3 2020, and down 24.15% quarter-over-quarter from $28.7 million in Q2 2021.
Analysis
Solaredge Technologies (SEDG) Work In Process (2018 - 2021) Analysis & Trends
Solaredge Technologies (SEDG) has reported Work In Process for 4 consecutive years, with $21.8 million the latest figure, recorded in Q3 2021.
- On a quarterly basis, Work In Process fell 3.29% year-over-year to $21.8 million in Q3 2021; TTM through Sep 2021 was $21.8 million, a 3.29% decrease from a year earlier, with the FY2020 full-year figure at $25.5 million, up 22.69% from the prior year.
- Work In Process was $21.8 million for Q3 2021 at Solaredge Technologies, down from $28.7 million in the prior quarter.
- Over five years, Work In Process peaked at $28.7 million in Q2 2021 and troughed at $1.9 million in Q3 2018.
- A 4-year average of $21.0 million and a median of $21.8 million in 2021 frame the typical range for Work In Process.
- Across the five-year window, Work In Process soared 1091.81% in 2019 and dropped 11.92% in 2020, its largest moves.
- Over 4 years, Work In Process stood at $18.1 million in 2018, then increased by 14.56% to $20.8 million in 2019, then grew by 22.69% to $25.5 million in 2020, then retreated by 14.4% to $21.8 million in 2021.
- The last three Work In Process figures came in at $21.8 million (Q3 2021), $28.7 million (Q2 2021), and $26.7 million (Q1 2021), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 21.97 Bn | 20.25 Bn | 605.00 Mn |
| 2 | Nextpower | 12.81 Bn | 11.60 Bn | 335.85 Mn |
| 3 | Enphase Energy | 4.81 Bn | 3.87 Bn | 175.01 Mn |
| 4 | Solaredge Technologies | 2.10 Bn | 1.52 Bn | 95.15 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.14 Bn | 49.10 Mn |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn |
| 7 | Canadian Solar | 896.45 Mn | 597.20 Mn | 168.48 Mn |
| 8 | Array Technologies | 708.44 Mn | 401.13 Mn | 99.60 Mn |
| 9 | JinkoSolar Holding | 627.24 Mn | -480.04 Mn | 75.62 Mn |
| 10 | Toyo | 133.94 Mn | 23.90 Mn | 36.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2021 | 21.80 Mn |
| Jun 30, 2021 | 28.73 Mn |
| Mar 31, 2021 | 26.69 Mn |
| Dec 31, 2020 | 25.46 Mn |
| Sep 30, 2020 | 22.54 Mn |
| Jun 30, 2020 | 20.84 Mn |
| Mar 31, 2020 | 18.79 Mn |
| Dec 31, 2019 | 20.75 Mn |
| Sep 30, 2019 | 22.55 Mn |
| Jun 30, 2019 | 23.00 Mn |
| Mar 31, 2019 | 21.33 Mn |
| Dec 31, 2018 | 18.12 Mn |
| Sep 30, 2018 | 1.89 Mn |