First SolarXSWX:FSLR -3.00%91 Days Payable is 58.66 as of Mar. 2026, which is 58% above its 10-year median of 37.18. GuruFocus rates XSWX:FSLR with a GF Score™ of 91/100 and a GF Value™ of CHF214.84. The stock has 4 warning signs investors should review. Among 999 Semiconductors companies, First Solar ranks worse than 63.96% on this metric.
First Solar's average Accounts Payable for the
three
months ended in Mar. 2026 was CHF282 Mil. First Solar's Cost of Goods Sold for the
three
months ended in Mar. 2026 was CHF439 Mil.
Hence, First Solar's Days Payable for the
three
months ended in Mar. 2026 was 58.66.
The historical rank and industry rank for First Solar's Days Payable or its related term are showing as below:
XSWX:FSLR'
s Days Payable Range Over the Past 10 Years
Min: 20.52 Med: 37.18 Max: 53.57
Current: 41.45
During the past 13 years, First Solar's highest Days Payable was 53.57. The lowest was 20.52. And the median was 37.18.
XSWX:FSLR's Days Payable is ranked worse than 63.96% of 999
companies
in the Semiconductors industry
Industry Median: 53.06
vs XSWX:FSLR: 41.45
First Solar's Days Payable
declined
from Mar. 2025 (83.41) to Mar. 2026 (58.66).
It may suggest that First Solaraccelerated paying its suppliers.
First Solar Days Payable Related Terms
First Solar Days Payable Historical Data
* Premium members only.
The historical data trend for First Solar's Days Payable 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.
XSWX:FSLR vs NXT, ENPH, SEDG: Days Payable Comparison
For the Solar subindustry, First Solar's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
First Solar Days Payable vs Semiconductors Industry
For the Semiconductors industry and Technology sector, First Solar's Days Payable distribution charts can be found below:
* The bar in red indicates where First Solar's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
First Solar's Days Payable for the fiscal year that ended in Dec. 2025 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.
First Solar (XSWX:FSLR) has a Days Payable of 58.66 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on First Solar and its competitors. This is 58% above median its historical median of 37.18. Over the past decade, First Solar's Days Payable has ranged from 20.52 to 53.57. According to the industry distribution chart, First Solar ranks #639 out of 999 companies in the Semiconductors industry, placing it in the top 64%.
Is First Solar's Days Payable too high?
First Solar's current Days Payable of 58.66 is 58% above median its 10-year median of 37.18. Over the past 10 years, this metric has ranged from a low of 20.52 to a high of 53.57. The Semiconductors industry median Days Payable is 53.06. First Solar's value of 58.66 is 10.6% above this industry median. Based on the distribution chart, First Solar ranks #639 out of 999 companies in the Semiconductors industry, which is below the industry midpoint. Overall, First Solar has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does First Solar's Days Payable compare to NXT and ENPH?
According to the Semiconductors industry distribution chart, First Solar ranks #639 out of 999 companies for Days Payable. This places First Solar in the lower half of its industry. The industry median Days Payable is 53.06. First Solar's value of 58.66 is 10.6% above this benchmark. Historically, First Solar's own Days Payable has ranged from 20.52 to 53.57 over the past decade. While the company's 10-year median is 37.18 vs. the industry median of 53.06, First Solar has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Semiconductors company?
The median Days Payable among Semiconductors companies is 53.06, based on 999 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Solar's current Days Payable of 58.66 is 10.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on First Solar and its competitors. For the Semiconductors industry, the median Days Payable is 53.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Solar's current Days Payable is 58.66, which is 58% above median its own 10-year median of 37.18. 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 Days Payable of 58.66. The stock's GF Value™ is CHF214.84, compared to a current price of CHF200.86 — trading 6.5% below its estimated fair value. The current Days Payable is 58.66, which is 58% above median its 10-year median of 37.18 and 10.6% above the Semiconductors industry median of 53.06. First Solar's overall GF Score™ is 91/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For First Solar (XSWX:FSLR), the current Days Payable is 58.66 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 CHF200.86 is trading 6.5% below its estimated GF Value™ of CHF214.84.
Key valuation signals for XSWX:FSLR:
Days Payable: 58.66 (58% above median its 10-year median of 37.18)
GF Value™: CHF214.84 vs. price of CHF200.86 (6.5% below fair value)
Industry Position: 10.6% above the Semiconductors median (#639 of 999)
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 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.
91GF Score
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