Shoals Technologies (SHLS) Invested Capital (2020 - 2023)
Shoals Technologies (SHLS) posted Invested Capital of $2.0 million for Q4 2023, little changed on a QoQ basis from $2.0 million in Q3 2023, and little changed year-over-year from $2.0 million in Q4 2022.
Shoals Technologies (SHLS) Invested Capital (2020 - 2023) Analysis & Trends
Shoals Technologies' Invested Capital history runs 4 years deep, the most recent figure standing at $2.0 million for 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 was $2.0 million for Q4 2023 at Shoals Technologies, roughly flat from $2.0 million in the prior quarter.
- Across five years, Invested Capital topped out at $3.5 million in Q4 2020 and bottomed at $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 sank 42.86% — and 2022, when it changed 0.0%.
- Shoals Technologies' Invested Capital stood at $3.5 million in 2020, then slumped 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.
- Business Quant data shows SHLS's Invested Capital at $2.0 million in Q4 2023, $2.0 million in Q3 2023, and $2.0 million in Q2 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 188.59 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | - |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | - |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | - |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | - |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 291.19 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | - |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 2.39 Bn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 10.25 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 1.36 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 |