SolarMax Technology (SMXT) Goodwill (2022 - 2024)
SolarMax Technology (SMXT) reported Goodwill of $7.4 million for Q2 2024, down 0.63% quarter-over-quarter from $7.4 million in Q1 2024.
SolarMax Technology (SMXT) Goodwill (2022 - 2024) Analysis & Trends
SolarMax Technology (SMXT) has 3 years of Goodwill data on file, last reported at $7.4 million in Q2 2024.
- Goodwill for Q2 2024 came in at $7.4 million, changed N/A year-over-year; the trailing twelve-month figure through Jun 2024 was $7.4 million (changed N/A YoY), and the FY2023 annual result was $7.6 million, down 2.44% from the prior year.
- Goodwill declined to $7.4 million in Q2 2024 per SMXT's latest filing, from $7.4 million in the prior quarter.
- Over five years, Goodwill peaked at $7.8 million in Q4 2022 and troughed at $7.4 million in Q2 2024.
- A 3-year average of $7.5 million and a median of $7.5 million in 2023 frame the typical range for Goodwill.
- On a YoY basis, Goodwill climbed as much as 2.44% in 2023 and fell as far as 2.44% in 2023.
- A 3-year view of Goodwill shows it stood at $7.8 million in 2022, then retreated by 2.44% to $7.6 million in 2023, then fell by 2.69% to $7.4 million in 2024.
- Business Quant data shows SMXT's Goodwill at $7.4 million in Q2 2024, $7.4 million in Q1 2024, and $7.6 million in Q4 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn |
| 10 | SolarMax Technology | 21.92 Mn | 17.61 Mn | 3.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 7.38 Mn |
| Mar 31, 2024 | 7.43 Mn |
| Dec 31, 2023 | 7.58 Mn |
| Dec 31, 2022 | 7.77 Mn |