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First Solar Inc (NAS:FSLR)
Days Sales Outstanding
65.31 (As of Mar. 2015)

First Solar Inc's account receivable for the three months ended in Mar. 2015 was $336 Mil. First Solar Inc's revenue for the three months ended in Mar. 2015 was $469 Mil. Hence, First Solar Inc's days sales outstanding for the three months ended in Mar. 2015 was 65.31.

First Solar Inc's days sales outstanding declined from Mar. 2014 (73.56) to Mar. 2015 (65.31).


Definition

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 receivables are being managed.

Account receivable can be measured by Days Sales Outstanding.

First Solar Inc's Days Sales Outstanding for the fiscal year that ended in Dec. 2014 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=212.405/3391.814*365
=22.86

First Solar Inc's Days Sales Outstanding for the quarter that ended in Mar. 2015 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=335.804/469.209*365 / 4
=65.31

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


Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


Related Terms

Account Receivable, 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

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysSalesOutstanding 8.3475.6313.1618.0740.0843.7140.98103.4372.5522.86

First Solar Inc Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
DaysSalesOutstanding 81.0391.74114.6542.1478.1073.5639.8884.3119.2365.31
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