Common-Size Balance Sheet: Assets
Quarterly Data
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- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Income Statement
- Analysis of Solvency Ratios
- Selected Financial Data since 2015
- Net Profit Margin since 2015
- Total Asset Turnover since 2015
- Price to Sales (P/S) since 2015
- Analysis of Revenues
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SolarEdge Technologies Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets exhibits considerable fluctuation over the analyzed period. Initially, it decreases from 31.33% in March 2018 to 14.45% in June 2019, followed by intermittent rises and falls, including a notable peak at 46% in September 2020. The proportion then declines again, fluctuating around the 18%-27% range through to December 2022. This indicates variable liquidity management or cash position changes reflective of operational or investment activities.
- Marketable Securities
- Marketable securities as a percentage of total assets initially increase from 11.1% in March 2018 to approximately 17.4% in September 2018, then decline steadily until mid-2020, reaching as low as 0.92%. Following this, there is a recovery trending upward to about 17.84% by June 2021 before declining slightly towards the end of 2022. This pattern suggests strategic adjustments in short-term investment holdings, possibly influenced by market conditions or cash management strategies.
- Trade Receivables, Net of Allowances
- The percentage of trade receivables shows moderate variation, decreasing from 17.43% in March 2018 to a low near 8% in the second half of 2020. Thereafter, it rises steadily to reach above 21% by December 2022. This upward trend in recent periods may indicate increasing sales on credit or slower collection cycles, which has implications for working capital management.
- Inventories, Net
- Inventory levels as a portion of total assets remain relatively stable, fluctuating mostly within the 10%-17% range. A slight increase is evident from mid-2020 onwards, reaching approximately 17.09% in December 2022, reflecting either anticipation of higher sales demand or challenges in inventory turnover.
- Prepaid Expenses and Other Current Assets
- This component varies without a clear directional trend, hovering mostly between 4% and 10%. Notably, there was a spike to 9.89% in December 2018 and again elevated levels in late 2020. These variations may correspond to changes in prepaid costs or other operational adjustments.
- Current Assets
- Current assets as a whole demonstrate a declining trend from a peak of 78.65% in June 2018 to the low 58% range by mid-2021. This is followed by a recovery toward nearly 68% by December 2022, indicative of fluctuations in liquidity and working capital composition over time.
- Deferred Tax Assets, Net
- Deferred tax assets remain a minor and fairly stable component, generally below 1.5%, with slight increases in recent years, suggesting modest changes in deferred tax benefits.
- Property, Plant, and Equipment, Net
- The allocation to fixed assets rises moderately over the period, from about 8.36% in early 2018 to a range between 12% and 14% from 2020 onward. This reflects steady investment or maintenance in physical assets.
- Operating Lease Right-of-Use Assets, Net
- From their inception in 2018, these assets have constituted a small but stable share of total assets, fluctuating around 1.5% to 2.6%. This suggests the adoption and ongoing use of operating leases under accounting standards.
- Intangible Assets, Net
- Intangible assets show a sharp increase to 15.06% by March 2019, followed by a gradual decrease to below 1% by December 2022. This pattern may indicate significant acquisitions or capitalization of intangible assets around 2019, with subsequent amortization or impairment reducing their relative weight.
- Goodwill
- Goodwill follows a similar pattern to intangible assets, peaking at 8.67% in December 2019 and declining steadily to 0.73% in December 2022. This suggests impairment charges, disposals, or divestments impacting goodwill value over time.
- Other Long-Term Assets
- This category remains marginal and relatively stable, generally below 1%, with minor fluctuations that do not show a clear trend throughout the timeframe.
- Long-Term Assets
- The share of long-term assets increased significantly until 2019, reaching near 40%, before declining through 2020 and 2022 to approximately 32%. This trend reflects the combined effects of growth and subsequent reductions in intangible assets, goodwill, and property plant and equipment.