First Solar (BSP:FSLR34) Change In Receivables: R$-1,489 Mil (TTM As of Jun. 2026)

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BSP:FSLR34 First Solar Inc BSP:FSLR34
85 GF Score
Price R$53.70
GF Value R$45.97
Valuation Modestly Overvalued
! 5 Warning Signs
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What is First Solar Change In Receivables?

First Solar BSP:FSLR34 +3.17% 85 Change In Receivables is R$-1,489 Mil as of Jun. 2026. GuruFocus rates BSP:FSLR34 with a GF Score™ of 85/100 and a GF Value™ of R$45.97 (Modestly Overvalued). The stock has 5 warning signs investors should review.

First Solar's change in receivables for the quarter that ended in Jun. 2026 was R$-2,560 Mil. It means First Solar's Accounts Receivable increased by R$2,560 Mil from Mar. 2026 to Jun. 2026 .

First Solar's change in receivables for the fiscal year that ended in Dec. 2025 was R$-657 Mil. It means First Solar's Accounts Receivable increased by R$657 Mil from Dec. 2024 to Dec. 2025 .

First Solar's Accounts Receivable for the quarter that ended in Jun. 2026 was R$7,564 Mil.

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 Receivable are being managed. First Solar's Days Sales Outstanding for the three months ended in Jun. 2026 was 127.54.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. First Solar's liquidation value for the three months ended in Jun. 2026 was R$2,453 Mil.

First Solar  (BSP:FSLR34) Change In Receivables 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 Receivable are being managed.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=7564.304/5412.039*91
=127.54

2. In Ben Graham's calculation of liquidation value, First Solar's accounts receivable are only considered to be worth 75% of book value:

First Solar's liquidation value for the quarter that ended in Jun. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=8849.136-15722.071+0.75 * 7564.304+0.5 * 7306.321
=2,453

* 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 Change In Receivables Related Terms

First Solar Change In Receivables Historical Data

* Premium members only.

The historical data trend for First Solar's Change In Receivables 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 Change In Receivables Chart

First Solar Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -548.25 622.76 -4,723.05 -1,433.96 -656.97

First Solar Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Change In Receivables 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 -1,046.02 -238.24 2,829.10 -1,520.15 -2,559.96
BSP:FSLR34
85GF Score
First Solar Inc BSP:FSLR34
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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First Solar Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-1,489 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of R$-1,489 Mil mean?
First Solar (BSP:FSLR34) has a Change In Receivables of R$-1,489 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for First Solar and its competitors.
Is First Solar's Change In Receivables too high?
First Solar's current Change In Receivables is R$-1,489 Mil. Overall, First Solar has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Solar's Change In Receivables compare to NXT and ENPH?
First Solar's Change In Receivables of R$-1,489 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 Change In Receivables for a Semiconductors company?
A good Change In Receivables depends on the Semiconductors industry context. However, Change In Receivables 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 Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for First Solar and its competitors. First Solar's current Change In Receivables is R$-1,489 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?
Based on GuruFocus' analysis, First Solar (BSP:FSLR34) is currently considered Modestly Overvalued. The stock's GF Value™ is R$45.97, compared to a current price of R$53.70 — trading 16.8% above its estimated fair value. The current Change In Receivables is R$-1,489 Mil. First Solar's overall GF Score™ is 85/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For First Solar (BSP:FSLR34), the current Change In Receivables is R$-1,489 Mil as of Jun. 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 (BSP:FSLR34) Overvalued in 2026?

Based on GuruFocus' analysis, First Solar stock appears to be overvalued. The current stock price of R$53.70 is trading 16.8% above its estimated GF Value™ of R$45.97. GuruFocus considers First Solar to be Modestly Overvalued.

Key valuation signals for BSP:FSLR34:

  • Change In Receivables: R$-1,489 Mil
  • GF Value™: R$45.97 vs. price of R$53.70 (16.8% above fair value)
  • GF Score™: 85/100 with 5 warning signs

No single metric tells the full story. See the BSP:FSLR34 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.
85GF Score

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

R$53.70
Price
R$45.97
GF Value