Solaredge Technologies (SEDG) Work In Process (2018 - 2021)
Solaredge Technologies (SEDG) reported 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% on a QoQ basis from $28.7 million in Q2 2021.
Solaredge Technologies (SEDG) has 4 years of Work In Process data on file, last reported at $21.8 million in Q3 2021.
- Quarterly Work In Process fell 3.29% year-over-year to $21.8 million in Q3 2021, while the trailing twelve-month figure through Sep 2021 was $21.8 million (down 3.29% YoY) and the FY2020 annual result came in at $25.5 million, up 22.69% from the prior year.
- Work In Process retreated 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.
- The 4-year median for Work In Process is $21.8 million (2021), against an average of $21.0 million.
- The widest annual swing landed in 2019, when Work In Process surged 1091.81%; it then slipped 11.92% in 2020.
- Tracing SEDG's Work In Process over 4 years: stood at $18.1 million in 2018, then grew by 14.56% to $20.8 million in 2019, then climbed by 22.69% to $25.5 million in 2020, then fell by 14.4% to $21.8 million in 2021.
- Per Business Quant, the three latest SEDG Work In Process figures stand at $21.8 million (Q3 2021), $28.7 million (Q2 2021), and $26.7 million (Q1 2021).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (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 |
| 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, 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 |