Solaredge Technologies (SEDG) Work In Process (2018 - 2021)
Solaredge Technologies (SEDG) posted quarterly Work In Process of $21.8 million for 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.
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.
- In Q3 2021, Work In Process fell 3.29% year-over-year to $21.8 million; the TTM figure through Sep 2021 stood at $21.8 million (down 3.29% YoY), while the FY2020 annual figure was $25.5 million, up 22.69% from the prior year.
- Work In Process eased to $21.8 million in Q3 2021 per SEDG's latest filing, from $28.7 million in the prior quarter.
- Across five years, Work In Process topped out at $28.7 million in Q2 2021 and bottomed at $1.9 million in Q3 2018.
- Historically, Work In Process has averaged $21.0 million across 4 years, with a median of $21.8 million in 2021.
- Annual changes were most pronounced in 2019 — Work In Process jumped 1091.81% — and 2020, when it declined 11.92%.
- Solaredge Technologies' Work In Process stood at $18.1 million in 2018, then gained by 14.56% to $20.8 million in 2019, then rose by 22.69% to $25.5 million in 2020, then slipped by 14.4% to $21.8 million in 2021.
- Business Quant data shows SEDG's Work In Process at $21.8 million in Q3 2021, $28.7 million in Q2 2021, and $26.7 million in Q1 2021.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn |
Historic Data
Download 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 |