Tax Rate: 22.27%
Is the tax rate high or low?
The tax rate of 22.27% is 15% above its 5-year average of 19.45%, around the middle of its 5-year range (-36.87%–59.26%).
As of the fiscal period ended Friday, June 30, 2023. 40.63% below its 12-month average of 37.50%.
SEDG Tax Rate
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
SEDG Average Tax Rate Chart
SEDG Current vs Average Tax Rate Chart
SEDG Tax Rate Metrics
TAX RATE
22.27%
TAX RATE AVG TTM
37.50%
TAX RATE AVG 3Y
19.27%
TAX RATE AVG 5Y
20.35%
TAX RATE AVG 10Y
N/A
TAX RATE AVG 15Y
N/A
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
-40.63%
CURRENT VS 3Y AVG
+15.52%
CURRENT VS 5Y AVG
+9.42%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Tax Rate FAQ
- What is the tax rate for SolarEdge Technologies, Inc. (SEDG)?
- The tax rate for SEDG stock is 22.27%.
- Is SolarEdge Technologies, Inc.'s tax rate high or low?
- The tax rate of 22.27% is 15% above its 5-year average of 19.45%, around the middle of its 5-year range (-36.87%–59.26%).
- What is the TTM average tax rate for SolarEdge Technologies, Inc. (SEDG)?
- The TTM average tax rate for SEDG stock is 37.50%.
- What is the 3Y average tax rate for SolarEdge Technologies, Inc. (SEDG)?
- The 3Y average tax rate for SEDG stock is 19.27%.
- What is the 5Y average tax rate for SolarEdge Technologies, Inc. (SEDG)?
- The 5Y average tax rate for SEDG stock is 20.35%.
SEDG Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2023-06-30 | 22.27% |
| 2023-03-31 | 17.49% |
| 2022-12-31 | 59.26% |
| 2022-09-30 | 58.00% |
| 2022-06-30 | 30.49% |
| 2022-03-31 | 27.07% |
| 2021-12-31 | -17.98% |
| 2021-09-30 | 12.55% |
| 2021-06-30 | 16.21% |
| 2021-03-31 | 20.92% |
| 2020-12-31 | 28.83% |
| 2020-09-30 | 5.22% |
| 2020-06-30 | 11.71% |
| 2020-03-31 | 17.44% |
| 2019-12-31 | 15.01% |
| 2019-09-30 | 14.84% |
| 2019-06-30 | 28.65% |
| 2019-03-31 | 17.91% |
| 2018-12-31 | 49.88% |
| 2018-09-30 | -36.87% |
| 2018-06-30 | 9.47% |
| 2018-03-31 | 13.69% |
| 2017-12-31 | 45.91% |
| 2017-09-30 | 0.32% |
| 2017-06-30 | 0.82% |
| 2017-03-31 | -5.67% |
| 2016-12-31 | 18.41% |
| 2016-09-30 | 16.18% |
| 2016-06-30 | 0.48% |
| 2016-03-31 | 4.45% |
| 2015-12-31 | -31.70% |
| 2015-09-30 | 2.50% |
| 2015-06-30 | 8.03% |
| 2015-03-31 | 6.25% |
| 2014-12-31 | 10.62% |
| 2014-09-30 | 12.10% |
Related Metrics
About SolarEdge Technologies, Inc.
SolarEdge Technologies, Inc. (SEDG) is a company specializing in the design, development, and sale of direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations globally. The company operates through five key segments: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. Its product portfolio encompasses inverters, power optimizers, communication devices, and smart energy management solutions, catering to residential, commercial, and smaller utility-scale solar projects. SolarEdge also provides a cloud-based monitoring platform that collects and processes data from its optimizers and inverters to oversee and manage solar PV systems. Beyond its core solar offerings, SolarEdge delivers a range of solutions including residential, commercial, and large-scale PV, energy storage and backup, electric vehicle charging, and home energy management, along with grid services. The company also extends into e-Mobility, automation machinery, lithium-ion cells and battery packs, and uninterruptible power supply (UPS) solutions, as well as developing virtual power plants to aid in grid load management and stability. To support its customers, SolarEdge offers pre-sales assistance, ongoing training programs, and technical and post-installation services. Its products are sold to providers of solar PV systems, solar installers and distributors, electrical equipment wholesalers, PV module manufacturers, and engineering, procurement, and construction (EPC) firms. Founded in 2006, SolarEdge Technologies, Inc. is headquartered in Herzliya, Israel.
- Sector
- Energy
- Industry
- Solar
- CEO
- Yehoshua Nir