First Solar (NAS:FSLR) Change In Inventory

: $-67 Mil (TTM As of Sep. 2023)

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First Solar's change in inventory for the quarter that ended in Sep. 2023 was $-116 Mil. It means First Solar's inventory increased by $116 Mil from Jun. 2023 to Sep. 2023 .

First Solar's change in inventory for the fiscal year that ended in Dec. 2022 was $17 Mil. It means First Solar's inventory declined by $17 Mil from Dec. 2021 to Dec. 2022 .

First Solar's Total Inventories for the quarter that ended in Sep. 2023 was $1,070 Mil.

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 quarter that ended in Sep. 2023 was 216.83.

Inventory Turnover measures how fast the company turns over its inventory within a year. First Solar's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.42.

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 quarter that ended in Sep. 2023 was 1.26.

First Solar Change In Inventory Historical Data

The historical data trend for First Solar's Change In 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.

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First Solar Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

-257.23

-83.53

-145.40

-136.37

16.69

First Solar Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Inventory																-3.75	180.90	-123.00	-8.63	-116.10

First Solar Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-67 Mil.

First Solar (NAS:FSLR) Change In Inventory Explanation

1. 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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1009.6945	/	424.915	*	365 / 4
	=	216.83

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

First Solar's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	424.915	/	1009.6945
	=	0.42

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's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1009.6945	/	801.09
	=	1.26

First Solar Change In Inventory 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 » Change In Inventory

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