First Solar (NAS:FSLR) Accounts Receivable

: $754 Mil (As of Sep. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First Solar's accounts receivables for the quarter that ended in Sep. 2023 was $754 Mil.

Accounts receivable can be measured by Days Sales Outstanding. First Solar's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 85.83.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. First Solar's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-3.35.

First Solar Accounts Receivable Historical Data

The historical data trend for First Solar's Accounts Receivable 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.

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First Solar Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

128.28

475.04

266.09

429.44

324.34

First Solar Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable																325.42	324.34	298.62	631.34	753.52

First Solar Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

First Solar Accounts Receivable 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 receivables are being managed.

First Solar's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	753.52	/	801.09	*	91
=	85.83

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), First Solar's accounts receivable are only considered to be worth 75% of book value:

First Solar's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1822.474	+	0.75 * 753.52	+	0.5 * 1069.6	-	3280.269
-	0	-	0)	/	106.844
=	-3.35

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

First Solar Accounts Receivable Related Terms

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First Solar (NAS:FSLR) Business Description

Industry

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

Traded in Other Exchanges

FSLR:Mexico F3A:Germany F3A:Germany F3A:Germany FSLR34:Brazil FSLR:Austria 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

Norman L. Wright	director	26335 N. 104TH WAY, SCOTTSDALE AZ 85255
Lisa A Kro	director	3700 WELLS FARGO CENTER, 90 SOUTH 7TH STREET, MINNEAPOLIS MN 55402
Anita M. George	director	4/5 SHANTINIKETAN, NEW DELHI K7 110 021
Kathryn A Hollister	director	331 OREGON STREET, CINCINNATI OH 45202
Michael Koralewski	officer: Chief Mfg. Operations Officer	28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Kuntal Kumar Verma	officer: Chief Mfg. Engineering Officer	28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Patrick James Buehler	officer: Chief Quality and Rel. Officer	28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Markus Gloeckler	officer: Co-Chief Technology Officer	28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Jason E. Dymbort	officer: General Counsel, Interim	77 RIO ROBLES, SAN JOSE CA 95134
Caroline Stockdale	officer: EVP, HR & Communications	C/O WARNER MUSIC GROUP, 75 ROCKEFELLER PLAZA, NEW YORK NY 10019
Byron Michael Jeffers	officer: CAO, Interim	350 WEST WASHINGTON ST., TEMPE AZ 85281
Molly Joseph	director	9209 GRAND SUMMIT BLVD, DRIPPING SPRINGS TX 78620
Jtw Trust No. 1 Uad 9/19/02	other: Member of Group(1)	P.O. BOX 1860, BENTONVILLE AR 72712
Jcl Holdings Llc	10 percent owner	PO BOX 1860, BENTONVILLE AR 72712
Lukas T Walton	10 percent owner	C/O CRAVATH, SWAINE & MOORE LLP, 825 EIGHTH AVENUE, NEW YORK NY 10019