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First Solar's change in receivables for the quarter that ended in Mar. 2024 was $299 Mil. It means First Solar's Accounts Receivable declined by $299 Mil from Dec. 2023 to Mar. 2024 .
First Solar's change in receivables for the fiscal year that ended in Dec. 2023 was $-964 Mil. It means First Solar's Accounts Receivable increased by $964 Mil from Dec. 2022 to Dec. 2023 .
First Solar's Accounts Receivable for the quarter that ended in Mar. 2024 was $670 Mil.
Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. First Solar's Days Sales Outstanding for the three months ended in Mar. 2024 was 76.96.
In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. First Solar's liquidation value for the three months ended in Mar. 2024 was $-778 Mil.
The historical data trend for First Solar's Change In Receivables can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
First Solar Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Change In Receivables | Get a 7-Day Free Trial | -73.59 | 345.15 | -96.95 | 118.72 | -963.93 |
First Solar Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Change In Receivables | Get a 7-Day Free Trial | -36.18 | -366.53 | -412.08 | -149.14 | 299.39 |
Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.
Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-628 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
First Solar (NAS:FSLR) Change In Receivables Explanation
1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.
First Solar's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 669.745 | / | 794.108 | * | 91 |
= | 76.96 |
2. In Ben Graham's calculation of liquidation value, First Solar's accounts receivable are only considered to be worth 75% of book value:
First Solar's liquidation value for the quarter that ended in Mar. 2024 is calculated as:
Liquidation Value | |||||||
= | Cash, Cash Equivalents, Marketable Securities | - | Total Liabilities | + | (0.75 * Accounts Receivable) | + | (0.5 * Total Inventories) |
= | 1990.097 | - | 3858.068 | + | 0.75 * 669.745 | + | 0.5 * 1175.214 |
= | -778 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of First Solar's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.
Georges Antoun | officer: Chief Operating Officer | C/O FIRST SOLAR, INC., 350 WEST WASHINGTON ST., SUITE 600, TEMPE AZ 85281 |
Kuntal Kumar Verma | officer: Chief Mfg. Engineering Officer | 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551 |
Alexander R. Bradley | officer: Chief Financial Officer | 77 RIO ROBLES, SAN JOSE CA 95134 |
Markus Gloeckler | officer: Co-Chief Technology Officer | 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551 |
R Craig Kennedy | director | 1844 "R" STREET, NW, WASHINGTON DC 20009 |
Mark R Widmar | officer: Chief Financial Officer | C/O GRAFTECH INTERNATIONAL LTD, 12900 SNOW ROAD, PARMA OH 44130 |
Michael T Sweeney | director | GOLDNER HAWN, 3700 WELLS FARGO CENTER, 90 SOUTH 7TH ST, MINNEAPOLIS MN 55402 |
William J Post | director | 400 NORTH FIFTH STREET, ., PHOENIX AZ 85004 |
Paul H Stebbins | director | C/O WORLD FUEL SERVICES CORP, 9800 N.W. 41ST STREET, SUITE 400, MIAMI FL 33178 |
Byron Michael Jeffers | officer: CAO, Interim | 350 WEST WASHINGTON ST., TEMPE AZ 85281 |
Richard D Chapman | director | 350 WEST WASHINGTON STREET, SUITE 600, TEMPE AZ 85281 |
Jason E. Dymbort | officer: General Counsel, Interim | 77 RIO ROBLES, SAN JOSE CA 95134 |
Norman L. Wright | director | 26335 N. 104TH WAY, SCOTTSDALE AZ 85255 |
Patrick James Buehler | officer: Chief Quality and Rel. Officer | 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551 |
Michael Koralewski | officer: Chief Mfg. Operations Officer | 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551 |
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