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First Solar Change In Receivables

: $-214 Mil (TTM As of Jun. 2021)
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First Solar's change in receivables for the quarter that ended in Jun. 2021 was $65 Mil. It means First Solar's Accounts Receivable declined by $65 Mil from Mar. 2021 to Jun. 2021 .

First Solar's change in receivables for the fiscal year that ended in Dec. 2020 was $345 Mil. It means First Solar's Accounts Receivable declined by $345 Mil from Dec. 2019 to Dec. 2020 .

First Solar's Accounts Receivable for the quarter that ended in Jun. 2021 was $583 Mil.

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 Receivable are being managed. First Solar's Days Sales Outstanding for the three months ended in Jun. 2021 was 84.55.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. First Solar's liquidation value for the three months ended in Jun. 2021 was $1,039 Mil.


First Solar Change In Receivables Historical Data

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

* Premium members only.

First Solar Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Change In Receivables
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 178.89 85.76 -202.30 -73.59 345.15

First Solar Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Change In Receivables Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 60.35 27.06 15.06 -320.46 64.63

First Solar Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-214 Mil.

* 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.


First Solar  (NAS:FSLR) Change In Receivables 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 Receivable are being managed.

First Solar's Days Sales Outstanding for the quarter that ended in Jun. 2021 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=582.991/629.18*91
=84.55

2. In Ben Graham's calculation of liquidation value, First Solar's accounts receivable are only considered to be worth 75% of book value:

First Solar's liquidation value for the quarter that ended in Jun. 2021 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=1765.393-1464.838+0.75 * 582.991+0.5 * 603.057
=1,039

* 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.


First Solar Change In Receivables Related Terms

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First Solar Business Description

First Solar logo
Industry
Technology » Semiconductors NAICS : 334413 SIC : 3674
Address
350 West Washington Street, Suite 600, Tempe, AZ, USA, 85281
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, and Ohio.
Executives
Kennedy R Craig director 1844 "R" STREET, NW WASHINGTON DC 20009
Dymbort Jason E. officer: General Counsel 77 RIO ROBLES SAN JOSE CA 95134
Allen Sharon L. director 10040 E. HAPPY VALLEY ROAD #276 SCOTTSDALE AZ 85255
Post William J director 400 NORTH FIFTH STREET . PHOENIX AZ 85004
Stebbins Paul H director C/O WORLD FUEL SERVICES CORP 9800 N.W. 41ST STREET, SUITE 400 MIAMI FL 33178
Sweeney Michael T director GOLDNER HAWN 3700 WELLS FARGO CENTER, 90 SOUTH 7TH ST MINNEAPOLIS MN 55402
Hambro George A director 28101 CEDAR PARK BLVD. PERRYSBURG OH 43551
Ahearn Michael J director 350 WEST WASHINGTON STREET SUITE 600 TEMPE AZ 85281
Chapman Richard D director 350 WEST WASHINGTON STREET, SUITE 600 TEMPE AZ 85281
Joseph Molly director 9209 GRAND SUMMIT BLVD DRIPPING SPRINGS TX 78620
Walton Lukas T 10 percent owner C/O CRAVATH, SWAINE & MOORE LLP 825 EIGHTH AVENUE NEW YORK NY 10019
Gloeckler Markus officer: Co-Chief Technology Officer 28101 CEDAR PARK BLVD. PERRYSBURG OH 43551
Widmar Mark R director, officer: Chief Executive Officer C/O GRAFTECH INTERNATIONAL LTD 12900 SNOW ROAD PARMA OH 44130
Jeffers Byron Michael officer: VP - Global Controller and CAO 350 WEST WASHINGTON ST. TEMPE AZ 85281
Verma Kuntal Kumar officer: Chief Mfg. Engineering Officer 28101 CEDAR PARK BLVD. PERRYSBURG OH 43551

First Solar Headlines

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