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GuruFocus has detected 7 Warning Signs with First Solar Inc $FSLR.
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First Solar Inc (NAS:FSLR)
Days Payable
16.21 (As of Mar. 2017)

First Solar Inc's payable for the three months ended in Mar. 2017 was $143 Mil. First Solar Inc's cost of goods sold for the three months ended in Mar. 2017 was $808 Mil. Hence, First Solar Inc's days payable for the three months ended in Mar. 2017 was 16.21.

FSLR' s Days Payable Range Over the Past 10 Years
Min: 21.2   Max: 50.81
Current: 21.2

21.2
50.81

During the past 13 years, First Solar Inc's highest Days Payable was 50.81. The lowest was 21.20. And the median was 33.22.

FSLR's Days Payable is ranked lower than
85% of the 751 Companies
in the Global Solar industry.

( Industry Median: 52.14 vs. FSLR: 21.20 )

First Solar Inc's days payable declined from Mar. 2016 (42.85) to Mar. 2017 (16.21). It may suggest that First Solar Inc accelerated paying its suppliers.


Definition

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 Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=143.455/807.607*365 / 4
=16.21

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


Related Terms

Revenue


Historical Data

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

First Solar Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 38.2129.7327.0621.7935.8950.8138.9930.5546.3424.16

First Solar Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 28.0043.0034.0835.2143.3442.8532.3036.7132.5616.21
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