Shoals Technologies (SHLS) Invested Capital (2020 - 2023)
Shoals Technologies' (SHLS) quarterly Invested Capital came in at $2.0 million in Q4 2023, little changed YoY from $2.0 million in Q4 2022, and little changed on a QoQ basis from $2.0 million in Q3 2023.
Shoals Technologies (SHLS) Invested Capital (2020 - 2023) Analysis & Trends
Shoals Technologies (SHLS) has 4 years of Invested Capital data on file, last reported at $2.0 million in Q4 2023.
- Quarterly Invested Capital changed 0.0% year-over-year to $2.0 million in Q4 2023, while the trailing twelve-month figure through Sep 2024 was $2.0 million (down 75.0% YoY) and the FY2023 annual result came in at $2.0 million, changed 0.0% from the prior year.
- Invested Capital held at $2.0 million in Q4 2023, from $2.0 million in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $3.5 million in Q4 2020 to a low of $2.0 million in Q3 2021.
- A 4-year average of $2.3 million and a median of $2.0 million in 2021 frame the typical range for Invested Capital.
- Annual changes were most pronounced in 2021 — Invested Capital slumped 42.86% — and 2022, when it changed 0.0%.
- Tracing SHLS's Invested Capital over 4 years: stood at $3.5 million in 2020, then plunged by 42.86% to $2.0 million in 2021, then changed by 0.0% to $2.0 million in 2022, then changed by 0.0% to $2.0 million in 2023.
- The last three Invested Capital figures came in at $2.0 million (Q4 2023), $2.0 million (Q3 2023), and $2.0 million (Q2 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 37.64 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | - |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | 513.40 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | - |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | - |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | 2.39 Bn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 10.98 Mn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | 2.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 2.00 Mn |
| Sep 30, 2023 | 2.00 Mn |
| Jun 30, 2023 | 2.00 Mn |
| Mar 31, 2023 | 2.00 Mn |
| Dec 31, 2022 | 2.00 Mn |
| Sep 30, 2022 | 2.00 Mn |
| Jun 30, 2022 | 2.00 Mn |
| Mar 31, 2022 | 2.00 Mn |
| Dec 31, 2021 | 2.00 Mn |
| Sep 30, 2021 | 2.00 Mn |
| Jun 30, 2021 | 3.50 Mn |
| Mar 31, 2021 | 3.50 Mn |
| Dec 31, 2020 | 3.50 Mn |