FSLR (First Solar) Change In Inventory : $-377 Mil (TTM As of Sep. 2024)

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What is First Solar Change In Inventory?

First Solar's change in inventory for the quarter that ended in Sep. 2024 was $-219 Mil. It means First Solar's inventory increased by $219 Mil from Jun. 2024 to Sep. 2024 .

First Solar's change in inventory for the fiscal year that ended in Dec. 2023 was $-205 Mil. It means First Solar's inventory increased by $205 Mil from Dec. 2022 to Dec. 2023 .

First Solar's Total Inventories for the quarter that ended in Sep. 2024 was $1,503 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. First Solar's Days Inventory for the quarter that ended in Sep. 2024 was 285.43.

Inventory Turnover measures how fast the company turns over its inventory within a year. First Solar's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.32.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. First Solar's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.56.

First Solar Change In Inventory Historical Data

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

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First Solar Change In Inventory Chart

First Solar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-83.53

-145.40

-136.37

16.69

-205.11

First Solar Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial															-131.04	57.56	-149.47	-66.02	-218.88

First Solar Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-377 Mil.

First Solar (NAS:FSLR) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

First Solar's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1383.7085	/	442.357	*	365 / 4
	=	285.43

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

First Solar's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	442.357	/	1383.7085
	=	0.32

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

First Solar's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1383.7085	/	887.668
	=	1.56

First Solar Change In Inventory Related Terms

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First Solar Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » First Solar Inc (NAS:FSLR) » Definitions » Change In Inventory

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Address

350 West Washington Street, Suite 600, Tempe, AZ, USA, 85288

Website

https://www.firstsolar.com

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.

Executives

Markus Gloeckler	officer: Co-Chief Technology Officer	28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Patrick James Buehler	officer: Chief Quality and Rel. Officer	28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Byron Michael Jeffers	officer: CAO, Interim	350 WEST WASHINGTON ST., TEMPE AZ 85281
Kuntal Kumar Verma	officer: Chief Mfg. Engineering Officer	28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Mark R Widmar	officer: Chief Financial Officer	C/O GRAFTECH INTERNATIONAL LTD, 12900 SNOW ROAD, PARMA OH 44130
Jason E. Dymbort	officer: General Counsel, Interim	77 RIO ROBLES, SAN JOSE CA 95134
Alexander R. Bradley	officer: Chief Financial Officer	77 RIO ROBLES, SAN JOSE CA 95134
Michael Koralewski	officer: Chief Mfg. Operations Officer	28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Michael T Sweeney	director	GOLDNER HAWN, 3700 WELLS FARGO CENTER, 90 SOUTH 7TH ST, MINNEAPOLIS MN 55402
Paul H Stebbins	director	C/O WORLD FUEL SERVICES CORP, 9800 N.W. 41ST STREET, SUITE 400, MIAMI FL 33178
Richard D Chapman	director	350 WEST WASHINGTON STREET, SUITE 600, TEMPE AZ 85281
Caroline Stockdale	officer: EVP, HR & Communications	C/O WARNER MUSIC GROUP, 75 ROCKEFELLER PLAZA, NEW YORK NY 10019
R Craig Kennedy	director	1844 "R" STREET, NW, WASHINGTON DC 20009
Georges Antoun	officer: Chief Operating Officer	C/O FIRST SOLAR, INC., 350 WEST WASHINGTON ST., SUITE 600, TEMPE AZ 85281
William J Post	director	400 NORTH FIFTH STREET, ., PHOENIX AZ 85004