First Solar (First Solar) Days Inventory

: 144.67 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). First Solar's Average Total Inventories for the three months ended in Dec. 2023 was $1,041 Mil. First Solar's Cost of Goods Sold for the three months ended in Dec. 2023 was $657 Mil. Hence, First Solar's Days Inventory for the three months ended in Dec. 2023 was 144.67.

The historical rank and industry rank for First Solar's Days Inventory or its related term are showing as below:

FSLR' s Days Inventory Range Over the Past 10 Years
Min: 47.85 Med: 78.98 Max: 171.71
Current: 171.71

During the past 13 years, First Solar's highest Days Inventory was 171.71. The lowest was 47.85. And the median was 78.98.

FSLR's Days Inventory is ranked worse than
66.56% of 939 companies
in the Semiconductors industry
Industry Median: 131.48 vs FSLR: 171.71

First Solar's Days Inventory increased from Dec. 2022 (84.79) to Dec. 2023 (144.67). It might indicate that First Solar's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. First Solar's Inventory Turnover for the three months ended in Dec. 2023 was 0.63.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. First Solar's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.90.

First Solar Days Inventory Historical Data

The historical data trend for First Solar's Days Inventory 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.

* Premium members only.

First Solar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

68.38

107.78

126.60

114.73

162.38

First Solar Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																84.79	179.36	171.59	216.83	144.67

Competitive Comparison

For the Solar subindustry, First Solar's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Solar Days Inventory Distribution

For the Semiconductors industry and Technology sector, First Solar's Days Inventory distribution charts can be found below:

* The bar in red indicates where First Solar's Days Inventory falls into.

First Solar Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

First Solar's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (783.296	+	1012.112)	/	2 )	/	2017.923	*	365
=	897.704					/	2017.923	*	365
=	162.38

First Solar's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1069.6	+	1012.112)	/	2 )	/	656.52	*	365 / 4
=	1040.856					/	656.52	*	365 / 4
=	144.67

First Solar (NAS:FSLR) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

First Solar's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	656.52	/	1040.856
	=	0.63

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

First Solar's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1040.856	/	1158.553
	=	0.90

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

First Solar Days Inventory Related Terms

Thank you for viewing the detailed overview of First Solar's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

First Solar (First Solar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » First Solar Inc (NAS:FSLR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

FSLR:Mexico 1FSLR:Italy F3A:Germany F3A:Germany F3A:Germany FSLR34:Brazil FSLR:Argentina

Address

350 West Washington Street, Suite 600, Tempe, AZ, USA, 85281

Website

https://www.firstsolar.com

First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.

Executives

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