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First Solar Inc  (NAS:FSLR) Days Payable: 15.00 (As of Sep. 2017)

First Solar Inc's payable for the three months ended in Sep. 2017 was $131 Mil. First Solar Inc's Cost of Goods Sold for the three months ended in Sep. 2017 was $795 Mil. Hence, First Solar Inc's days payable for the three months ended in Sep. 2017 was 15.00.

NAS:FSLR' s Days Payable Range Over the Past 10 Years
Min: 19.72   Max: 50.81
Current: 19.72

19.72
50.81

During the past 13 years, First Solar Inc's highest Days Payable was 50.81. The lowest was 19.72. And the median was 33.21.

NAS:FSLR's Days Payable is ranked lower than
87% of the 758 Companies
in the Global industry.

( Industry Median: 53.42 vs. NAS:FSLR: 19.72 )

First Solar Inc's days payable declined from Sep. 2016 (36.09) to Sep. 2017 (15.00). It may suggest that First Solar Inc accelerated paying its suppliers.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

First Solar Inc Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 50.81 39.01 30.53 46.34 24.16

First Solar Inc Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
Days Payable 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 36.09 44.62 16.21 21.03 15.00

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Calculation

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. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=148.73/2247.349*365
=24.16

First Solar Inc's Days Payable for the quarter that ended in Sep. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=130.704/795.226*365 / 4
=15.00

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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