First Solar's Total Assets for the quarter that ended in Dec. 2023 was €9,505 Mil.
Warning Sign:
If a company builds assets at 9.5% a year, faster than its revenue growth rate of 4.3% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, First Solar's average Total Assets Growth Rate was 45.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 15.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 9.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 3.40% per year.
During the past 13 years, First Solar's highest 3-Year average Total Assets Growth Rate was 168.40%. The lowest was -6.40%. And the median was 14.10%.
The historical data trend for First Solar's Total Assets 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
First Solar's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
First Solar's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
First Solar Total Assets Related Terms
Thank you for viewing the detailed overview of First Solar's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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