First Solar (XSWX:FSLR) COGS-to-Revenue : 0.57 (As of Dec. 2023)

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What is First Solar COGS-to-Revenue?

First Solar's Cost of Goods Sold for the three months ended in Dec. 2023 was CHF568 Mil. Its Revenue for the three months ended in Dec. 2023 was CHF1,002 Mil.

First Solar's COGS to Revenue for the three months ended in Dec. 2023 was 0.57.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. First Solar's Gross Margin % for the three months ended in Dec. 2023 was 43.33%.

First Solar COGS-to-Revenue Historical Data

The historical data trend for First Solar's COGS-to-Revenue 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 COGS-to-Revenue Chart

First Solar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.82

0.75

0.97

0.61

First Solar Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.94	0.80	0.62	0.53	0.57

First Solar COGS-to-Revenue Calculation

First Solar's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1745.1	/	2869.927
	=	0.61

First Solar's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	567.759	/	1001.917
	=	0.57

First Solar (XSWX:FSLR) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

First Solar's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	567.759 / 1001.917
	=	43.33 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

First Solar COGS-to-Revenue Related Terms

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First Solar (XSWX:FSLR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » First Solar Inc (XSWX:FSLR) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

FSLR:USA FSLR:Mexico 1FSLR:Italy F3A:Germany FSLR34:Brazil FSLR:Argentina

Address

350 West Washington Street, Suite 600, Tempe, AZ, USA, 85281

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.