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First Solar Inc (NAS:FSLR)
Days Inventory
68.53 (As of Sep. 2016)

First Solar Inc's average inventory for the three months ended in Sep. 2016 was $377 Mil. First Solar Inc's cost of goods sold for the three months ended in Sep. 2016 was $502 Mil. Hence, First Solar Inc's days inventory for the three months ended in Sep. 2016 was 68.53.

FSLR' s Days Inventory Range Over the Past 10 Years
Min: 40.98   Max: 68.32
Current: 56.21

40.98
68.32

During the past 13 years, First Solar Inc's highest Days Inventory was 68.32. The lowest was 40.98. And the median was 56.86.

FSLR's Days Inventory is ranked higher than
68% of the 826 Companies
in the Global Solar industry.

( Industry Median: 78.21 vs. FSLR: 56.21 )

First Solar Inc's days inventory increased from Sep. 2015 (49.93) to Sep. 2016 (68.53). It might indicate that First Solar Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). First Solar Inc's days sales of inventory (DSI) for the three months ended in Sep. 2016 was 49.97.

Inventory turnover measures how fast the company turns over its inventory within a year. First Solar Inc's inventory turnover for the three months ended in Sep. 2016 was 1.33.

Inventory to revenue ratio 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 Inc's inventory to revenue ratio for the three months ended in Sep. 2016 was 0.55.


Definition

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

First Solar Inc's Days Inventory for the fiscal year that ended in Dec. 2015 is calculated as

Days Inventory (A: Dec. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2014 ) + Inventory (A: Dec. 2015 )) / 2 ) / COGS (A: Dec. 2015 )*Days in Period
=( (505.088 + 380.424) / 2 ) / 2659.728*365
=442.756 / 2659.728*365
=60.76

First Solar Inc's Days Inventory for the quarter that ended in Sep. 2016 is calculated as:

Days Inventory (Q: Sep. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Jun. 2016 ) + Inventory (Q: Sep. 2016 )) / 2 ) / COGS (Q: Sep. 2016 )*Days in Period
=( (384.504 + 369.086) / 2 ) / 501.749*365 / 4
=376.795 / 501.749*365 / 4
=68.53

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

First Solar Inc's Days Sales of Inventory for the three months ended in Sep. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=376.795/688.029*365 / 4
=49.97

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

First Solar Inc's Inventory Turnover for the three months ended in Sep. 2016 is calculated as

3. 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 Inc's Inventory to Revenue for the three months ended in Sep. 2016 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=376.795 / 688.029
=0.55

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

First Solar Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysInventory 52.9640.9851.9849.0146.1668.3266.0761.5063.5860.76

First Solar Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysInventory 78.0254.0661.97106.2361.0249.9348.7564.2250.8568.53
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