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First Solar Inc (NAS:FSLR)
Days Payable
42.85 (As of Mar. 2016)

First Solar Inc's payable for the three months ended in Mar. 2016 was $275 Mil. First Solar Inc's cost of goods sold for the three months ended in Mar. 2016 was $586 Mil. Hence, First Solar Inc's days payable for the three months ended in Mar. 2016 was 42.85.

FSLR' s Days Payable Range Over the Past 10 Years
Min: 21.79   Max: 145.06
Current: 35.66

21.79
145.06

During the past 13 years, First Solar Inc's highest Days Payable was 145.06. The lowest was 21.79. And the median was 37.05.

FSLR's Days Payable is ranked lower than
67% of the 774 Companies
in the Global Solar industry.

( Industry Median: 47.66 vs. FSLR: 35.66 )

First Solar Inc's days payable declined from Mar. 2015 (43.00) to Mar. 2016 (42.85). It may suggest that First Solar Inc accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=337.668/2659.728*365
=46.34

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=274.991/585.539*365 / 4
=42.85

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

First Solar Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 145.0638.2129.7327.0621.7935.8950.8138.9930.5546.34

First Solar Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 41.2723.8237.8928.6428.0043.0034.0835.2143.3442.85
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