First Solar (XSWX:FSLR) Accounts Receivable: CHF1,082 Mil (As of Mar. 2026)

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XSWX:FSLR First Solar Inc XSWX:FSLR
90 GF Score
Price CHF167.34
GF Value CHF215.22
! 5 Warning Signs
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What is First Solar Accounts Receivable?

First Solar XSWX:FSLR +0.12% 90 Accounts Receivable is CHF1,082 Mil as of Mar. 2026. GuruFocus rates XSWX:FSLR with a GF Score™ of 90/100 and a GF Value™ of CHF215.22. The stock has 5 warning signs investors should review.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First Solar's accounts receivables for the quarter that ended in Mar. 2026 was CHF1,082 Mil.

Accounts receivable can be measured by Days Sales Outstanding. First Solar's Days Sales Outstanding for the quarter that ended in Mar. 2026 was 120.06.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. First Solar's Net-Net Working Capital per share for the quarter that ended in Mar. 2026 was CHF4.39.


First Solar Accounts Receivable 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 receivables are being managed.

First Solar's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1081.714/822.13*91
=120.06

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), First Solar's accounts receivable are only considered to be worth 75% of book value:

First Solar's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2026 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1910.431+0.75 * 1081.714+0.5 * 967.231-2733.922
-0-0)/107.453
=4.39

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


First Solar Accounts Receivable Related Terms


First Solar Accounts Receivable Historical Data

* Premium members only.

The historical data trend for First Solar's Accounts Receivable 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.

First Solar Accounts Receivable Chart

First Solar Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 395.51 302.15 571.44 1,124.35 1,031.22

First Solar Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Accounts Receivable Get a 7-Day Free Trial 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 1,418.71 1,407.63 1,148.01 1,031.22 1,081.71
XSWX:FSLR
90GF Score
First Solar Inc XSWX:FSLR
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
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First Solar Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of CHF1,082 Mil mean?
First Solar (XSWX:FSLR) has a Accounts Receivable of CHF1,082 Mil as of Mar. 2026. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on First Solar and its competitors.
Is First Solar's Accounts Receivable too high?
First Solar's current Accounts Receivable is CHF1,082 Mil. Overall, First Solar has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does First Solar's Accounts Receivable compare to NXT and ENPH?
First Solar's Accounts Receivable of CHF1,082 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Semiconductors company?
A good Accounts Receivable depends on the Semiconductors industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on First Solar and its competitors. First Solar's current Accounts Receivable is CHF1,082 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Solar stock overvalued right now?
First Solar (XSWX:FSLR) has a current Accounts Receivable of CHF1,082 Mil. The stock's GF Value™ is CHF215.22, compared to a current price of CHF167.34 — trading 22.2% below its estimated fair value. The current Accounts Receivable is CHF1,082 Mil. First Solar's overall GF Score™ is 90/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For First Solar (XSWX:FSLR), the current Accounts Receivable is CHF1,082 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Solar (XSWX:FSLR) Overvalued in 2026?

Based on GuruFocus' analysis, First Solar stock appears to be undervalued. The current stock price of CHF167.34 is trading 22.2% below its estimated GF Value™ of CHF215.22.

Key valuation signals for XSWX:FSLR:

  • Accounts Receivable: CHF1,082 Mil
  • GF Value™: CHF215.22 vs. price of CHF167.34 (22.2% below fair value)
  • GF Score™: 90/100 with 5 warning signs

No single metric tells the full story. See the XSWX:FSLR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Solar Business Description

Address 4300 East Camelback Road, Suite 220, Phoenix, AZ, USA, 85018
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.
90GF Score

Get the complete analysis for XSWX:FSLR

Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF167.34
Price
CHF215.22
GF Value